KBR(US:KBR) Prnewswireยท2025-09-25 00:46Core Viewpoint - A class action lawsuit has been filed against KBR, Inc. for allegedly misleading investors regarding the capabilities of its joint venture, HomeSafe Alliance, to fulfill a significant contract with the U.S. Department of Defense [1][2][3]. Group 1: Allegations and Contract Issues - HomeSafe Alliance, a joint venture in which KBR holds a 72% economic interest, was awarded the Global Household Goods Contract by TRANSCOM, which assists U.S. military personnel and their families with relocations [2]. - The complaint alleges that KBR was aware of TRANSCOM's concerns about HomeSafe's ability to meet contract obligations but continued to assert that the partnership was functioning well and would improve in future quarters [3]. Group 2: Stock Price Impact - Following the announcement of issues between TRANSCOM and HomeSafe, KBR's stock price dropped by $3.85 per share (7.29%) to close at $48.93 on June 20, 2025, and fell further by $1.30 (2.65%) to close at $47.63 on June 23, 2025 [4]. Group 3: Class Action Participation - Shareholders interested in leading the class action must submit their papers by November 18, 2025, and can choose to remain absent from the case while still being eligible for recovery [5].