HOUSTON, Feb. 24, 2025 /PRNewswire/ -- KBR, Inc. (NYSE: KBR) announced today that the independent directors of the KBR Board have unanimously elected Lt. General Wendy M. Masiello as Lead Independent Director, effective as of KBR's 2025 annual meeting of stockholders to be held in May 2025. Lt. General Wendy M. Masiello Lt. General Masiello has served on KBR's Board of Directors since August 2017, including as the current Chair of the Cybersecurity Committee and a member of the Compensation Committee a ...

Company Participation in Investor Conferences - KBR will participate in the TD Cowen 46th Annual Aerospace and Defense Conference on February 12, 2025, with Mark Sopp and Jamie DuBray involved in a fireside chat [1] - Jamie DuBray will also participate in investor meetings at Citi's 2025 Global Industrial Tech and Mobility Conference on February 19, 2025 [2] Company Overview - KBR provides science, technology, and engineering solutions globally, employing approximately 37,000 people across 30 countries [3] - The company focuses on delivering technology, value-added services, and long-term operations and maintenance services to ensure consistent delivery with predictable results [3]

Core Points - KBR has been awarded a contract by Weardale Lithium Limited to develop a lithium brine extraction demonstration facility in Eastgate, County Durham, UK [1][2] - The facility aims to scale up to a commercial production target of 10,000 tons per annum of battery-grade lithium carbonate [2][4] - The project utilizes KBR's PureLi® technology in conjunction with Geolith SAS' Li-Capt® Direct Lithium Extraction (DLE) technology, which has already produced battery-grade lithium carbonate at pilot scale [3][4] Company and Industry Insights - KBR's collaboration with Weardale Lithium is part of a broader commitment to sustainable solutions addressing the increasing demand for lithium, crucial for electric vehicles (EVs) and renewable energy storage [4] - The project is expected to contribute over £1 billion to the North East England economy and is recognized in the UK Government's Critical Minerals Strategy, highlighting its importance in the transition to a net-zero economy [4] - Geolith SAS' DLE Li-Capt technology is noted for its selective lithium extraction with low carbon and water usage, emphasizing sustainability in lithium extraction methods [4] - KBR has over seven decades of experience in evaporation and crystallization technologies, focusing on the recovery and purification of critical minerals while adhering to environmental regulations [4][5]

Core Points - KBR has been awarded a $187 million task order by the U.S. Department of State to provide medical support services in Iraq under the MedSSI contract [1][2] - The MedSSI task order will support over 4,000 personnel and includes operating a Diplomatic Support Hospital and four clinics [2][3] - The contract period is five years, running through 2029, and KBR will provide a range of medical services including primary, urgent, and emergency care [2][3] Company Overview - KBR employs approximately 37,000 people globally and operates in over 30 countries, providing technology and engineering solutions [4] - The MedSSI task order marks KBR's first medical support contract with the U.S. Department of State, although the company has a long history of providing health services to NASA and the U.S. military [3][4]

Group 1: Contract and Project Details - KBR, Inc. has been awarded a significant contract to support sustainable energy production in Saudi Arabia, partnering with Saudi Aramco as part of the Master Expansion Program [1] - The contract, running through 2028, involves increasing and maintaining sustainable capacity across the Shaybah field's four Gas-Oil Separation Plants (GOSPs), including enhancements to power plants and well injection facilities [2] - The project emphasizes sustainability by integrating carbon-free energy alternatives, carbon capture, and gas reinjection to reduce emissions, supporting Saudi Aramco's 2060 net-zero goals [3] Group 2: KBR's Legacy and Strategic Positioning - KBR has over four decades of impactful collaboration in Saudi Arabia, advancing sectors such as energy, infrastructure, and sustainability, aligning with Saudi Arabia's Vision 2030 [4] - The awarded contract highlights KBR's strategic positioning in the sustainable energy sector and its role in driving advancements in Saudi Arabia, indicating a robust growth trajectory [8] Group 3: Financial Performance and Market Position - KBR's shares have lost 10.4% in the past six months, compared to a 6.2% decline in the Zacks Engineering - R and D Services industry, with concerns over high costs and expenses [7] - Increased activity in energy transition projects is expected to be beneficial for KBR in the upcoming period [7]

Core Insights - KBR has been awarded a contract to support sustainable energy production in Saudi Arabia, specifically contributing to Saudi Aramco's Master Expansion Program and enhancing gas handling capacity [1][2] - The contract will run until 2028 and focuses on maximizing sustainable capacity across the Shaybah field's Gas-Oil Separation Plants and related facilities [2] - The project emphasizes sustainability through the integration of carbon-free energy alternatives, carbon capture, and gas reinjection, aligning with Saudi Aramco's 2060 net-zero goals [3][4] Company Overview - KBR has over four decades of collaboration with Saudi Arabia, significantly impacting sectors such as energy, infrastructure, and sustainability [4] - The company employs approximately 37,000 people across 33 countries, providing technology and engineering solutions globally [5]

Research and consulting services company KBR, Inc. (NYSE: KBR ) appears headed for robust earnings growth this year and beyond. Meanwhile, its share price is devalued because of fears of spending cuts by the U.S. federalRobert F. Abbott has been investing his family’s accounts since 1995, and in 2010 added options, mainly covered calls and collars with long stocks. He is a freelance writer, and his projects include a website that provides information for new and intermediate-level mutual fund investors. A r ...

KBR, Inc. (KBR) has secured a significant global agreement with BP International Limited to provide engineering, procurement, and construction management (EPCM) services. This three-year agreement, with an option for a two-year extension, covers conventional and new energy projects worldwide, enhancing KBR’s position as a versatile and trusted partner in the energy sector.Shares of KBR gained 1.6% during the trading session yesterday.The contract involves KBR supporting both onshore and offshore projects, s ...

BP plc (BP) has solidified its 70-year collaboration with United States-based KBR, Inc. (KBR) through a new global agreement that spans BP’s onshore, offshore, greenfield and brownfield conventional energy projects as well as its new energy initiatives. This partnership highlights the company’s commitment to leveraging KBR’s proven expertise to deliver cutting-edge energy solutions.Under the three-year deal, KBR will provide engineering, procurement and construction management (EPCM) services across BP’s gl ...

HOUSTON, Jan. 13, 2025 /PRNewswire/ -- KBR (NYSE: KBR) announced today it has been awarded a global agreement by BP International Limited (bp) for engineering, procurement and construction management (EPCM) services. Under the terms of the contract, KBR will provide EPCM for onshore, offshore, greenfield and brownfield conventional energy projects and new energy sector projects worldwide for three years, with an option to extend for two additional years. Additionally, KBR provides bp with market-leading lic ...