KBR DEADLINE ALERT: Hagens Berman Alerts KBR, Inc. (KBR) Investors to Today's Lead Plaintiff Deadline in Securities Class Action
KBRKBR(US:KBR) Prnewswire·2025-11-18 11:30

Core Viewpoint - A class-action lawsuit has been filed against KBR, Inc. alleging misleading statements to investors prior to the cancellation of a significant military contract, which adversely affected the company's business outlook [1][2]. Group 1: Lawsuit Details - The lawsuit seeks to represent investors who acquired KBR securities between May 6, 2025, and June 19, 2025 [1][2]. - The legal action claims that KBR executives provided an overly optimistic outlook on a crucial partnership just before its collapse [2][5]. - The lawsuit highlights that KBR was aware of operational issues with the HomeSafe partnership but failed to disclose this information to investors [5][6]. Group 2: Contract Cancellation Impact - The Department of Defense's U.S. Transportation Command (TRANSCOM) canceled its global household goods contract with HomeSafe Alliance LLC, a joint venture led by KBR, resulting in a share price drop of over 7% [3][5]. - The contract was valued at up to $20 billion over a potential nine-year term, indicating a significant financial loss for KBR [3]. - Following the contract termination, KBR revised its low-end 2025 revenue guidance downward by approximately $900 million (-9%) due to the removal of the HomeSafe JV revenue contribution [6]. Group 3: Company Statements - During the Q1 earnings call on May 6, 2025, KBR assured investors that the HomeSafe partnership was "strong" and "excellent," projecting a mid-point revenue contribution of about $400 million for 2025 [4][6]. - After the contract termination, KBR management acknowledged operational challenges during the Q2 earnings call on July 31, 2025 [6].

KBR DEADLINE ALERT: Hagens Berman Alerts KBR, Inc. (KBR) Investors to Today's Lead Plaintiff Deadline in Securities Class Action - Reportify