Core Points - A class action has been filed against KBR, Inc. for allegedly misleading investors regarding the capabilities of its joint venture, HomeSafe Alliance, in fulfilling a contract with TRANSCOM [1][2] - KBR holds a 72% economic interest in HomeSafe, which was awarded the Global Household Goods Contract by the U.S. Department of Defense [2] - Allegations state that KBR was aware of concerns regarding HomeSafe's ability to meet contract obligations but continued to assure investors that the partnership was functioning well [3] - On June 19, 2025, HomeSafe announced a notice to terminate the contract, leading to a significant drop in KBR's stock price [4] Company Overview - KBR, Inc. provides science, technology, and engineering solutions to governments and companies globally [1] - The company is currently facing legal scrutiny due to the performance issues of its joint venture, HomeSafe, which may impact its reputation and financial standing [2][3] Stock Performance - Following the announcement of the contract termination, KBR's stock price fell by $3.85 (7.29%) to close at $48.93 on June 20, 2025, and further declined by $1.30 (2.65%) to close at $47.63 on June 23, 2025 [4]
KBR Stockholder Alert: Robbins LLP Reminds Investors of the Securities Fraud Class Action Against KBR, Inc.