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Rosen Law Firm Encourages KBR, Inc. Investors to Inquire About Securities Class Action Investigation - KBR
Prnewswire· 2025-07-22 20:52
Core Viewpoint - Rosen Law Firm is investigating potential securities claims on behalf of shareholders of KBR, Inc. due to allegations of materially misleading business information issued by KBR [1] Group 1: Investigation and Allegations - The investigation is prompted by KBR's announcement regarding the termination of HomeSafe Alliance's role in a significant contract with U.S. Transportation Command, which led to a notable decline in KBR's stock price [3] - KBR's stock fell by $3.85 per share, or 7.2%, closing at $48.93 on June 20, 2025, following the announcement [3] Group 2: Class Action Details - Shareholders who purchased KBR securities may be entitled to compensation through a class action lawsuit without any out-of-pocket fees, facilitated by a contingency fee arrangement [2] - Interested investors can join the class action by submitting a form or contacting the Rosen Law Firm directly [2] 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 securities class action settlement against a Chinese company at the time [4] - The firm has been consistently ranked among the top firms for securities class action settlements and has recovered hundreds of millions of dollars for investors [4]
KBR INVESTIGATION ALERT: Bragar Eagel & Squire, P.C. Continues Investigation on Behalf of KBR, Inc. Investors
GlobeNewswire News Room· 2025-07-17 23:50
Core Viewpoint - Bragar Eagel & Squire, P.C. is investigating potential claims against KBR, Inc. regarding possible violations of federal securities laws and unlawful business practices following a significant stock price drop due to the termination of a key contract [2][3]. Group 1: Company Overview - KBR, Inc. is a publicly traded company listed on the NYSE under the ticker symbol KBR [2]. - The company was involved in a joint venture, HomeSafe Alliance, which had its role in the Global Household Goods Contract terminated by U.S. Transportation Command [3]. Group 2: Stock Performance - Following the announcement of the contract termination, KBR's stock price decreased by $3.85 per share, representing a decline of 7.29%, closing at $48.93 per share on June 20, 2025 [3]. Group 3: Legal Investigation - Bragar Eagel & Squire, P.C. is encouraging KBR stockholders who suffered losses to contact them to discuss their legal rights and potential claims [1][4]. - The law firm is specifically looking into whether KBR has engaged in unlawful business practices that may have affected stockholder interests [2].
KBR Secures Two-Year Renewal of EPCM Contract with Basra Oil Company for the Majnoon Oil Field in Iraq
Globenewswire· 2025-07-17 20:15
Core Insights - KBR has secured a two-year renewal of its EPCM contract with Basra Oil Company for the Majnoon Oil Field, emphasizing its commitment to Iraq's energy strategy and sustainable development [1][2] - The contract extension highlights the strong partnership between KBR and BOC, focusing on maximizing production capacity and operational efficiency [2] - KBR's team in Iraq consists of a significant number of local professionals, ensuring effective project execution and alignment with local content requirements [3] Company Overview - KBR provides science, technology, and engineering solutions globally, employing approximately 38,000 people and operating in over 29 countries [4] - The company aims to deliver technology and value-added services to ensure consistent project outcomes and long-term operational success [4]
KBR Awarded FEED Contract for KEPPT's Fertilizer Facility in Iraq
Globenewswire· 2025-07-16 10:00
Core Insights - KBR has been awarded a front-end engineering design (FEED) contract for an ammonia and urea production plant in Basra, Iraq [1][2] - The facility will produce 2,300 metric tons per day (MTPD) of ammonia and 3,850 MTPD of urea, utilizing KBR's proprietary ammonia technology [2] - The project aims to enhance Iraq's agricultural industry, create jobs, and reduce fertilizer imports, positioning Iraq as a global ammonia producer [3] Company Overview - KBR provides science, technology, and engineering solutions globally, employing approximately 38,000 people and serving customers in over 80 countries [4] - The company has extensive experience, having been involved in the licensing, design, engineering, and construction of more than 260 ammonia plants worldwide [3][4]
KBR Investors Have Opportunity to Join KBR, Inc. Fraud Investigation with the Schall Law Firm
Prnewswire· 2025-07-16 08:11
LOS ANGELES, July 16, 2025 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of KBR, Inc. ("KBR" or "the Company") (NYSE: KBR) for violations of the securities laws. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics. CONTACT: The Schall Law Firm Brian Schall, Esq. 310-301-3335 [email protected] www.schallfirm.com The investigation focus ...
KBR Joint Venture Selected by BP for Two Energy Security Projects in Azerbaijan
Globenewswire· 2025-07-15 10:00
Core Points - KBR's joint venture with SOCAR, SOCAR-KBR LLC, has secured two contracts from BP in Azerbaijan for the Sangachal Terminal Electrification project and the Shah Deniz compression gas field project [1][2] - The contracts involve detailed engineering design solutions and procurement services, building on previous work completed by SOCAR-KBR [2] - KBR has a long-standing presence in the region, contributing to Azerbaijan's clean energy security objectives through these projects [3] Company Overview - KBR provides science, technology, and engineering solutions globally, employing approximately 38,000 people across more than 80 countries [4] - The company emphasizes technology, value-added services, and long-term operations to ensure consistent delivery and predictable results [4]
KBR Announces Leadership Change
Globenewswire· 2025-07-09 20:15
Core Points - Byron Bright has resigned as Chief Operating Officer (COO) of KBR, effective July 11, 2025, after 15 years with the company [1] - KBR has realigned its portfolio into two segments: Mission Technology Solutions (MTS) and Sustainable Technology Solutions (STS) [2] - Doug Hill and Mark Kavanaugh have been appointed as Presidents of KBR's Readiness & Sustainment business and Defense, Intel and Space portfolio, respectively, both having over eight years of experience at KBR [2] - KBR expects no operational disruption in the MTS business following Mr. Bright's departure, with a focus on growth and margin expansion [3] - KBR will provide further details on its Q2 2025 earnings call scheduled for July 31, 2025 [3] Company Overview - KBR delivers science, technology, and engineering solutions globally, employing approximately 38,000 people and serving customers in over 80 countries [4]
Lowey Dannenberg, P.C. is Investigating KBR, Inc. (NYSE: KBR) for Potential Violations of the Federal Securities Laws and Encourages Investors with more than $100,000 in Losses to Contact the Firm
GlobeNewswire News Room· 2025-07-07 19:38
Core Viewpoint - Lowey Dannenberg P.C. is investigating KBR, Inc. for potential violations of federal securities laws, indicating possible legal issues for the company [1]. Group 1: Investigation Details - The investigation targets KBR, Inc. due to potential violations of federal securities laws, which may affect the company's reputation and financial standing [1]. - Investors who have suffered losses exceeding $100,000 in KBR securities are encouraged to participate in the investigation [2]. Group 2: About Lowey Dannenberg - Lowey Dannenberg is a law firm specializing in representing institutional and individual investors who have experienced financial losses due to corporate fraud and violations of federal laws [3]. - The firm has a strong track record in prosecuting multi-million-dollar lawsuits and has successfully recovered billions for investors [3].
KBR, Inc. (KBR) Shares Sharply Declined Amid TRANSCOM Contract Termination- Hagens Berman
Prnewswire· 2025-07-07 13:25
Core Viewpoint - KBR, Inc. experienced a significant decline in share price following the cancellation of a major contract with the U.S. Department of Defense, leading to an investigation into potential securities law violations by the company [1][2][4]. Group 1: Contract Details - KBR's joint venture, HomeSafe Alliance LLC, was awarded a contract valued at $20 billion with a potential term of 9 years to provide household goods and move management services for the U.S. Armed Services and Department of Defense [3]. - The contract was terminated by TRANSCOM due to HomeSafe's inability to meet obligations, which included issues such as delays, missed pickups, and damaged items [3][4]. Group 2: Investor Impact - Following the announcement of the contract's termination, KBR's share price fell by $3.85, representing a 7.3% decrease [4]. - Hagens Berman, a national shareholders rights firm, is investigating whether KBR misled investors regarding the status of the contract and the relationship with TRANSCOM [2][4]. Group 3: Company Assurances - KBR management had previously assured investors about the strength of the relationship with TRANSCOM, stating confidence in the program's future just weeks before the contract was terminated [6].
KBR ALERT: Bragar Eagel & Squire, P.C. is Investigating KBR, Inc. on Behalf of KBR Stockholders and Encourages Investors to Contact the Firm
GlobeNewswire News Room· 2025-07-04 01:00
Group 1 - KBR, Inc. is under investigation by Bragar Eagel & Squire, P.C. for potential violations of federal securities laws and unlawful business practices [1] - On June 20, 2025, KBR announced that its joint venture, HomeSafe Alliance, had its role in the Global Household Goods Contract terminated by U.S. Transportation Command, leading to a significant stock price drop of $3.85 per share, or 7.29%, closing at $48.93 [2] - The law firm is reaching out to KBR stockholders who may have suffered losses and is encouraging them to participate in the investigation [3] Group 2 - Bragar Eagel & Squire, P.C. is a nationally recognized law firm that represents investors in complex litigation across state and federal courts [4]