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 ...

HOUSTON, Jan. 13, 2025 /PRNewswire/ -- KBR (NYSE: KBR) announced today that it will host a conference call to discuss its fourth quarter and fiscal 2024 financial results on Monday, February 24, 2025, at 3:00 p.m. Central Time (4:00 p.m. Eastern Time). The company plans to issue its fourth quarter 2024 earnings release and earnings presentation in advance of the call. Both will be available on KBR's website.The conference call will be webcast simultaneously through the Investor Relations section of KBR's we ...

Core Viewpoint - KBR is implementing segment reporting updates and executive appointments to enhance its strategic direction, aiming to streamline operations and optimize processes while maximizing shareholder value [1][2]. Segment Realignment - KBR has restructured its operating segments, renaming Government Solutions to Mission Technology Solutions, which focuses on mission-critical capabilities in space, defense, and national security [3]. - The legacy GS International business unit has been eliminated, with its components integrated into both Mission Technology Solutions and Sustainable Technology Solutions [3]. - The realignment will take effect in fiscal year 2025, with proforma financial information for the previous 11 quarters to be made available on KBR's Investor Relations website [4]. Executive Appointments - Byron Bright has been appointed as Chief Operating Officer, effective May 2025, to oversee both segments, with Jay Ibrahim reporting to him [5][7]. - General Lester L. Lyles will retire from the Board post KBR's 2025 Annual Meeting, with Stuart Bradie set to take over as Chair [7][8]. Financial Targets - KBR is reiterating its financial targets for 2027, which were introduced at the May 2024 Investor Day, based on a 2023 baseline [9]. - The company anticipates a revenue CAGR of 11% to 15% for both Mission Technology Solutions and Sustainable Technology Solutions, with respective adjusted EBITDA margins of 9% to 10% and approximately 20% [14]. Webcast Information - KBR will host a webcast on January 8, 2025, to discuss the segment realignment and executive leadership updates [10]. Company Overview - KBR provides science, technology, and engineering solutions globally, employing approximately 37,000 people and serving customers in over 80 countries [11].

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KBR, Inc.’s (KBR) innovation initiatives in its ammonia technology are attracting demand from across the globe. The trend is substantiated by the company’s recent win in Kazakhstan.The company’s ammonia technology has been selected by KazAzot for its 2,000 metric tons per day ammonia plant, which is to be built in Aktau, Kazakhstan. By implementing this project, KazAzot will be addressing the food security requirements of Kazakhstan and other neighboring countries.For the development of Kazakhstan’s first g ...

KBR, Inc. (KBR) has secured an $88 million task order contract under the Department of Defense Information Analysis Center’s multiple-award contract vehicle. The U.S. Air Force’s 774 Enterprise Sourcing Squadron awarded the contract to enhance the Defense Technical Information Center (DTIC) repository. This five-year project will primarily be carried out at Naval Air Station Patuxent River.KBR will focus on the rapid prototyping of new technologies for unmanned aviation platforms, testing them in realistic ...