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KBR Secures $445M DoD Contract to Boost Test Infrastructure
ZACKS· 2024-12-17 15:25
Group 1: Contract and Partnership - KBR, Inc. has secured a $445 million cost-plus-fixed-fee contract under the Department of Defense Information Analysis Center's multiple-award contract vehicle, highlighting its long-standing partnership with the U.S. military [1] - The contract spans five years and supports the Joint Mission Environment Test Capability (JMETC) program, which is crucial for the Test Resource Management Center under the Office of the Secretary of Defense [2] Group 2: JMETC Program and Responsibilities - The JMETC program provides an integrated test infrastructure that combines live, virtual, and constructive test resources, essential for mission readiness [3] - KBR's responsibilities include researching unique test requirements, enhancing JMETC capabilities, and extending its reach to additional locations, focusing on data analysis, system development, evaluations, and strategic planning [3] Group 3: Technological Focus and Innovation - The contract reinforces KBR's position as a leader in supporting critical DoD technology areas, including artificial intelligence, hypersonics, cybersecurity, and multidomain operations [4] - KBR is committed to innovation and aims to enhance the military's testing and evaluation capabilities by integrating cutting-edge technologies and providing subject matter expertise [5] Group 4: Financial Performance and Outlook - KBR's shares have underperformed the Zacks Engineering - R and D Services industry, gaining 5.8% compared to the industry's 13.5% growth this year [6] - The Zacks Consensus Estimate for KBR's 2025 earnings indicates an 18.2% growth from the previous year, with a 13.3% revenue growth expected [7] - KBR's solid backlog and option level stands at $22.12 billion at the fiscal third quarter of 2024-end, with $3.3 billion in bookings and options in strategic areas, reflecting a trailing 12-month book-to-bill of 1.1x [8]
KBR Providing Rapid Prototyping Capability for NAVAIR with Estimated $88M Contract Win
Prnewswire· 2024-12-17 11:00
HOUSTON, Dec. 17, 2024 /PRNewswire/ -- KBR (NYSE: KBR) announced today it has been awarded an estimated $88M task order contract under the Department of Defense Information Analysis Center's (DoD IAC) multiple-award contract (MAC) vehicle. These DoD IAC MAC task orders are awarded by the U.S. Air Force's 774 Enterprise Sourcing Squadron to develop and create new knowledge for the enhancement of the Defense Technical Information Center (DTIC) repository and the research and development and science and techno ...
KBR Expanding Capabilities for DoD Joint Mission Environment Test Capability Program with $445M Contract Win
Prnewswire· 2024-12-16 11:00
HOUSTON, Dec. 16, 2024 /PRNewswire/ -- KBR (NYSE: KBR) announced it has been awarded an estimated $445 million cost-plus-fixed-fee contract under the Department of Defense Information Analysis Center's (DoD IAC) multiple-award contract (MAC) vehicle. These DoD IAC MAC task orders are awarded by the U.S. Air Force's 774th Enterprise Sourcing Squadron to develop and create new knowledge for the enhancement of the DTIC repository and the R&D and S&T community. This recompete for the Joint Mission Environment T ...
Is the Options Market Predicting a Spike in KBR Stock?
ZACKS· 2024-12-02 14:26
Investors in KBR, Inc. (KBR) need to pay close attention to the stock based on moves in the options market lately. That is because the Dec. 20, 2024 $40 Call had some of the highest implied volatility of all equity options today.What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean ther ...
KBR's Technology to Accelerate Sustainable Agriculture in Angola
ZACKS· 2024-11-25 16:00
KBR, Inc. (KBR) has inked a deal with AMUFERT to provide a technology license, proprietary engineering design, equipment and catalyst solutions for the latter’s 2,300 metric tons per day ammonia plant in Soyo, Angola.The new facility will support Angola and nearby countries to accelerate sustainable agriculture with the help of KBR's proprietary technologies and expertise in ammonia. This will support AMUFERT's efforts toward greater food security and self-sufficiency in Angola.KBR is a global leader in amm ...
Why Is KBR (KBR) Down 10.2% Since Last Earnings Report?
ZACKS· 2024-11-22 17:36
It has been about a month since the last earnings report for KBR Inc. (KBR) . Shares have lost about 10.2% in that time frame, underperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is KBR due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. KBR Q3 Earnings Top but Revenues Miss Estimates, '24 Guid ...
KBR's Market-Leading Ammonia Technology Selected by AMUFERT, Angola
Prnewswire· 2024-11-22 11:00
HOUSTON, Nov. 22, 2024 /PRNewswire/ -- KBR (NYSE: KBR) announced today that it has signed an agreement with AMUFERT for the development of a new ammonia plant in Soyo, Angola.Under the terms of the contract, KBR will provide a technology license, proprietary engineering design, equipment and catalyst solutions for AMUFERT's 2,300 metric tons per day ammonia plant. Leveraging KBR's proprietary technologies and expertise in ammonia, the planned facility will assist Angola and its neighboring countries move to ...
KBR Awarded FEED Contract for Sur LNG Train 4 Project
Prnewswire· 2024-11-07 11:00
HOUSTON, Nov. 7, 2024 /PRNewswire/ -- KBR (NYSE: KBR) announced today that it has been awarded a front-end engineering design (FEED) contract for the expansion of the Qalhat LNG complex in Sur, Oman. This project represents a significant step in Oman's efforts to meet rising global energy demands, while prioritizing sustainable and efficient operations.Under the FEED contract, KBR will provide engineering services for the complex's fourth LNG train, which will have a capacity of 3.8 million tons per annum. ...
KBR Raises $1.3M for Important Causes at 18th Annual Charity Golf Tournament
Prnewswire· 2024-10-28 10:00
HOUSTON, Oct. 28, 2024 /PRNewswire/ -- KBR (NYSE: KBR) announced it raised $1.3 million for deserving charities and community groups at its 18th annual charity golf tournament. The Kingwood Country Club in Kingwood, Texas, was once again the backdrop for the event, held this year on Monday, October 21, and hosted by KBR's early career professionals' group IMPACT."At KBR, we do things that matter, not only through the work we do with our clients but also through our active community engagement and support," ...
KBR Stock Q3 Earnings: Decent Results, I Was Wrong About The Company
Seeking Alpha· 2024-10-24 18:57
KBR, Inc. (NYSE: KBR ) recently reported Q3 earnings, so I wanted to go through the numbers and give some comments on the company's outlook. I admit I was too conservative on the company's outlook inMSc in Finance. Long-term horizon investor mostly with 5-10 year horizon. I like to keep investing simple. I believe a portfolio should consist of a mix of growth, value, and dividend-paying stocks but usually end up looking for value more than anything. I also sell options from time to time.Analyst’s Disclosure ...