KBR(US:KBR) Prnewswireยท2025-09-23 21:23Core Viewpoint - A class action lawsuit has been filed against KBR, Inc. by Berger Montague on behalf of investors who acquired KBR shares between May 6, 2025, and June 19, 2025, due to undisclosed concerns regarding a key military contract [1][3]. Group 1: Lawsuit Details - The lawsuit alleges that KBR failed to disclose material concerns from the U.S. Department of Defense's Transportation Command (TRANSCOM) regarding HomeSafe's ability to fulfill the Global Household Goods Contract [3]. - KBR reassured investors that the contract would proceed as expected, despite being aware of the issues within the partnership [3]. - Following the disclosure of the contract termination by HomeSafe on June 19, 2025, KBR's shares dropped by $3.85, or 7%, closing at $48.93 on June 20, 2025 [4]. Group 2: Company Background - KBR, Inc. is a Houston-based firm specializing in engineering, technology, and government services, providing logistics and operations support to various federal agencies, including the Department of Defense [2].