Group 1 - KBR, Inc. has secured multiple indefinite delivery indefinite quantity contracts with the US Naval Supply Systems Command, allowing the company to bid on tasks supporting military operations and humanitarian efforts [1][2] - The awarded contracts have a 5-year base period with an optional 5-year extension and a ceiling of $20 billion, enabling KBR to compete for various fixed-price tasks [2] - Truist Financial analyst Tobey Sommer reiterated a Buy rating on KBR but lowered the price target from $62 to $50 due to the suspension of the Lake Charles LNG project, which has negatively impacted the company's outlook [3] Group 2 - KBR, Inc. provides scientific, technology, and engineering solutions to both government and commercial customers globally, operating through Government Solutions and Sustainable Technology Solutions segments [4]
KBR, Inc. (KBR) Secures a Seat on Multiple Indefinite Delivery Indefinite Quantity Contracts By US Navy