KBR(US:KBR) Prnewswireยท2025-07-07 13:25Core 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].