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 ...

Core Insights - KBR's ammonia technology has been selected by KazAzot for Kazakhstan's first world-scale fertilizer complex, which will produce 2,000 metric tons of ammonia per day in Aktau [1][2] - The project aims to enhance food security in Kazakhstan and neighboring countries [1] - KBR's Purifier™ ammonia technology is designed to improve operational efficiency and reduce carbon footprint compared to traditional methods [2] Company Overview - KBR is a global leader in ammonia technology, having licensed, engineered, or constructed over 260 grassroots ammonia plants since 1943 [2] - The company employs approximately 37,000 people and operates in over 30 countries, serving customers in more than 80 countries [3] - KBR focuses on delivering technology, value-added services, and long-term operations and maintenance services to ensure consistent and predictable results [3]

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]

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 ...

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 ...