KBR Just Approved A Major Breakup Plan

KBR, Inc. (NYSE:KBR) said Wednesday its board approved a plan to spin off its Mission Technology Solutions business, creating two independent public companies. The transaction, expected to be tax-free, is targeted for completion by mid-to-late 2026. The move will divide the Houston-based company into “New KBR,” which will concentrate on sustainable technology, and “SpinCo,” which will focus on government services tied to national security and space. New KBR will house the Sustainable Technology Solutions ...