KBR(US:KBR) Globenewswireยท2025-10-23 00:56Core Viewpoint - KBR, Inc. is facing a class action lawsuit due to allegations of misleading investors regarding the ability of its joint venture, HomeSafe Alliance, to fulfill a significant contract with the U.S. Department of Defense's TRANSCOM [1][2][3]. Allegations and Contract Issues - HomeSafe Alliance, in which KBR holds a 72% economic interest, was awarded the Global Household Goods Contract by TRANSCOM to assist U.S. military personnel and their families with relocations [2]. - During the class period, it is alleged that KBR was aware of TRANSCOM's concerns regarding HomeSafe's capability to meet contract obligations but continued to assert that the partnership was functioning well and would improve in the future [3]. Impact of Contract Termination - On June 19, 2025, HomeSafe announced TRANSCOM's notice to terminate the Global Household Goods Contract, revealing ongoing issues that had been present for months [4]. - Following this announcement, KBR's stock price dropped by $3.85 per share (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]. Class Action Participation - Shareholders interested in participating as lead plaintiffs in the class action must submit their papers by November 18, 2025, although participation is not required to be eligible for recovery [5]. Legal Representation - Robbins LLP, a firm specializing in shareholder rights litigation, is representing the class action on a contingency fee basis, meaning shareholders incur no fees or expenses unless a recovery is achieved [6].