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Do you own shares of KBR? Robbins LLP Informs Investors of the Jasper Therapeutics, Inc. Class Action Lawsuit
Prnewswire· 2025-09-20 12:00
Core Viewpoint - A class action lawsuit has been filed against Jasper Therapeutics, Inc. for allegedly misleading investors regarding the commercial prospects of its lead product candidate, briquilimab [1][2]. Group 1: Allegations - The lawsuit claims that Jasper Therapeutics failed to disclose critical information about its manufacturing controls and procedures, which were necessary to ensure compliance with cGMP regulations [2]. - The lack of proper controls increased the risk of confounding results in ongoing studies, negatively impacting the regulatory and commercial prospects of the company's products, including briquilimab [2]. - This situation heightened the likelihood of disruptive cost-reduction measures, leading to an overstatement of the company's business and financial prospects [2]. Group 2: Stock Price Impact - Following the revelation of these issues on July 7, 2025, Jasper's stock price plummeted by $3.73 per share, representing a 55.1% decline, closing at $3.04 per share [3]. Group 3: Class Action Participation - Shareholders who purchased Jasper Therapeutics securities between November 30, 2023, and July 3, 2025, may be eligible to participate in the class action [1][4]. - Interested shareholders can contact Robbins LLP to serve as lead plaintiff or remain as absent class members without participating in the case [4].
KBR INVESTOR ALERT: KBR, Inc. Investors with Substantial Losses Have Opportunity to Lead the KBR Class Action Lawsuit
Prnewswire· 2025-09-20 01:43
Core Viewpoint - Robbins Geller Rudman & Dowd LLP has announced a class action lawsuit for purchasers or acquirers of KBR, Inc. securities during a specified period [1] Group 1 - The class period for the KBR, Inc. lawsuit is defined as between May 6, 2025, and June 19, 2025 [1] - Interested parties have until November 18, 2025, to seek appointment as lead plaintiff in the lawsuit [1]
Do you own shares of KBR? Robbins LLP Informs Investors of the KBR, Inc. Class Action Lawsuit
Prnewswire· 2025-09-20 01:18
Group 1 - A class action has been filed against KBR, Inc. on behalf of investors who acquired its securities between May 6, 2025, and June 19, 2025 [1] - The allegations center around KBR's joint venture, HomeSafe Alliance, which has a 72% economic interest from KBR and was awarded a contract by the U.S. Department of Defense's TRANSCOM [2] - It is claimed that KBR misled investors about HomeSafe's ability to fulfill the Global Household Goods Contract, despite knowing of TRANSCOM's concerns [3] Group 2 - On June 19, 2025, HomeSafe announced a notice to terminate the Global Household Goods Contract, revealing ongoing issues with TRANSCOM [4] - Following the announcement, KBR's stock price dropped by $3.85 (7.29%) to close at $48.93 on June 20, 2025, and further fell by $1.30 (2.65%) to close at $47.63 on June 23, 2025 [4] - Shareholders interested in leading the class action must submit their papers by November 18, 2025, and can remain absent class members if they choose not to participate [5]
ROSEN, LEADING INVESTOR COUNSEL, Encourages KBR, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action First Filed by the Firm – KBR
Globenewswire· 2025-09-20 00:30
Core Viewpoint - Rosen Law Firm has filed a class action lawsuit on behalf of KBR, Inc. securities purchasers during the specified Class Period, alleging that the company made materially false and misleading statements regarding its business operations and prospects [1][5]. Group 1: Lawsuit Details - The class action lawsuit pertains to KBR, Inc. securities purchased between May 6, 2025, and June 19, 2025 [1]. - The lawsuit claims that KBR's management misrepresented the status of its partnership with the U.S. Department of Defense's Transportation Command, despite known concerns about HomeSafe's ability to fulfill contractual obligations [5]. - Investors are encouraged to join the class action without incurring out-of-pocket fees through a contingency fee arrangement [2]. Group 2: Next Steps for Investors - Interested investors can join the class action by visiting the provided link or contacting the law firm directly [3][6]. - A lead plaintiff must be appointed by November 18, 2025, to represent the class in the litigation [3]. Group 3: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements, including the largest against a Chinese company at the time [4]. - The firm has consistently ranked highly in securities class action settlements and has recovered hundreds of millions of dollars for investors [4].
KBR Awarded Multiple Strategic Contracts in Support of the Air Force Research Laboratory
Globenewswire· 2025-09-17 10:00
Core Insights - KBR has been awarded three task order contracts totaling $175 million by the Air Force Research Laboratory under the INCITE COPERS contract, focusing on advanced situational awareness technologies [1][2][5] Group 1: Contract Details - The contracts include the Multi-Domain Situational Awareness task order, Trusted Microelectronics, Mission Resilience and Assessment Environments task order, and Space Situational Awareness and Mission Assurance in Space Operations task order [1][4] - All three contracts will be executed over a five-year period [2] Group 2: Strategic Focus - KBR aims to enhance resilience research, protection strategies, and analytical frameworks in support of national defense priorities [2] - The company is leveraging capabilities in cybersecurity, trusted microelectronics, electronic warfare, digital forensics, and novel sensing methodologies to improve situational awareness and decision-making [5] Group 3: Technological Advancements - KBR will provide collaborative engineering solutions, multi-domain data analytics, artificial intelligence, and advanced visualization techniques [8] - The company plans to develop secure oversight frameworks and safeguard space and ground assets to ensure operational resilience [8]
Big Win for KBR as NASA Hands Over $2.5B Space Support Contract
ZACKS· 2025-08-14 18:16
Core Insights - KBR, Inc. secured a $2.459 billion contract from NASA, enhancing its backlog and potentially increasing the total contract value to approximately $3.6 billion through 2035 [1][9] - The stock price of KBR increased by 1.4% during the trading session and 1.1% in after-hours trading, reflecting positive investor sentiment due to the contract win [2] - KBR's new contract involves support services for various NASA programs, focusing on astronaut health and safety for future space missions [3][5] Backlog and Financial Performance - As of July 4, 2025, KBR's backlog rose 7.3% year-over-year to $21.57 billion, with the Mission Technology Solutions segment contributing $17.85 billion [12] - The trailing 12-month book-to-bill ratio stands at 1.0x, indicating a balanced inflow of new contracts relative to revenue [12] Partnership and Expertise - KBR has nearly six decades of experience in supporting human spaceflight operations, reinforcing its long-standing partnership with NASA [5] - Recent successful underwater tests for the Axiom Extravehicular Mobility Unit (AxEMU) demonstrate KBR's capabilities in developing next-generation spacesuits for NASA's Moon mission [6] Market Position and Stock Performance - KBR's shares have outperformed the Zacks Engineering - R and D Services industry, gaining 10.9% in the past month [8] - The company is well-positioned to benefit from favorable public spending in the U.S., despite facing macroeconomic challenges [11]
KBR Awarded an Estimated $2.459 Billion Contract to Support Astronaut Health and Performance for Space Missions
Globenewswire· 2025-08-13 20:15
Core Points - KBR has been awarded a $2.459 billion contract by NASA to support astronaut health and research for future human spaceflight missions [1][2] - The contract has a five-year performance period starting on November 1, with options that could extend its total value to $3.6 billion through 2035 [2] - KBR will provide support services for various NASA programs, including the Human Research Program and Artemis campaign, focusing on crew health, safety, and performance [3][4] Company Overview - KBR has over 60 years of experience in supporting human spaceflight and aims to advance human health and performance in space [4] - The company employs approximately 37,000 people globally and operates in over 29 countries, providing technology and engineering solutions [5]
KBR and Axiom Space Successfully Complete Initial Crewed Spacesuit Tests in NASA's Neutral Buoyancy Lab
Globenewswire· 2025-08-12 10:00
Core Insights - KBR and Axiom Space have successfully completed three crewed underwater tests of the Axiom Extravehicular Mobility Unit (AxEMU) at NASA's Neutral Buoyancy Laboratory, marking a significant milestone in support of NASA's lunar return efforts [1][2] - The AxEMU is being developed for NASA's Artemis III mission, with tests aimed at evaluating the suit's integrity in a simulated weightlessness environment, demonstrating that the suit is ready for advanced evaluations and future missions [2][3] Company Contributions - KBR's leadership in supporting human spaceflight and next-generation EVA systems is highlighted, showcasing its technical depth and operational excellence in collaboration with NASA and Axiom Space [3] - The successful tests are part of KBR's Exploration Extravehicular Activity Services (xEVAS) contract, which focuses on the evaluation of the next-generation spacesuit designed for versatility and reliability in space exploration [3][4] Industry Context - Axiom Space emphasizes the importance of KBR's expertise in spacesuit innovation, which enhances the AxEMU's capabilities for astronauts to operate in the challenging lunar environment [4] - The collaboration between KBR and Axiom Space is positioned as a key support mechanism for the next era of human space exploration, facilitating astronaut training and mission execution [4]
KBR Awarded FEED Contract for Abadi Onshore LNG Project in Indonesia
Globenewswire· 2025-08-07 20:45
Core Insights - KBR has been awarded a contract by INPEX Masela Ltd. to provide front-end engineering design (FEED) for onshore liquefied natural gas facilities for the Abadi LNG project in Indonesia [1][2] - The Abadi LNG project aims for a peak production capacity of 9.5 million tons per annum of LNG and 150 million standard cubic feet per day of pipeline gas, recognized as a project of national strategic importance by the Indonesian government [2] - KBR will collaborate with Samsung E&A and PT Adhi Karya to deliver comprehensive FEED services for the project [2] Company Overview - KBR is a global leader in technology and engineering solutions, with a strong track record in LNG and the energy sector [4] - The company employs approximately 37,000 people across 29 countries, providing diverse and mission-critical roles [5] - KBR focuses on delivering technology, value-added services, and long-term operations and maintenance services to ensure consistent delivery with predictable results [5]
KBR Appoints Huibert Vigeveno to Board of Directors
Globenewswire· 2025-08-07 20:15
Core Insights - KBR has appointed Huibert H. Vigeveno to its board of directors effective August 5, 2025, bringing extensive experience from his 30 years at Shell [1][2] Company Overview - KBR is a global provider of science, technology, and engineering solutions, employing approximately 37,000 people and serving customers in over 80 countries [3] New Board Member Profile - Huibert H. Vigeveno, age 55, has held various significant roles at Shell, including serving on the executive committee and as director of Downstream, Renewables, and Energy Solutions from January 2020 to March 2025 [2] - His previous positions include executive vice president of Global Commercial and transition CEO of BG Group following its acquisition by Shell [2] - Vigeveno will officially leave Shell in September 2025 to pursue new opportunities and holds an MBA from Erasmus University Rotterdam [2] Strategic Importance - KBR's board chair, Stuart Bradie, emphasized that Vigeveno's experience and perspective will be valuable as KBR aims to enhance its reputation in sustainable energy and energy transition solutions [3]