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Pixxel: India Shifting to a Space Solutions Provider
Bloomberg Technology· 2026-02-04 15:47
My colleague was just talking about some of the reaction to the India budget just over the weekend. Are you seeing more allocation for the space industry. What is your sense of.Does that meet your expectations in terms of support for the sector. I think it does. Not so many unique things in this budget for the private space sector.We have seen the lot many more of those the previous year and the year before that. But I think it's still good that there was an increase in the budget to the Department of Space ...
Big Win for KBR as NASA Hands Over $2.5B Space Support Contract
ZACKS· 2025-08-14 18:16
Core Insights - KBR, Inc. secured a $2.459 billion contract from NASA, enhancing its backlog and potentially increasing the total contract value to approximately $3.6 billion through 2035 [1][9] - The stock price of KBR increased by 1.4% during the trading session and 1.1% in after-hours trading, reflecting positive investor sentiment due to the contract win [2] - KBR's new contract involves support services for various NASA programs, focusing on astronaut health and safety for future space missions [3][5] Backlog and Financial Performance - As of July 4, 2025, KBR's backlog rose 7.3% year-over-year to $21.57 billion, with the Mission Technology Solutions segment contributing $17.85 billion [12] - The trailing 12-month book-to-bill ratio stands at 1.0x, indicating a balanced inflow of new contracts relative to revenue [12] Partnership and Expertise - KBR has nearly six decades of experience in supporting human spaceflight operations, reinforcing its long-standing partnership with NASA [5] - Recent successful underwater tests for the Axiom Extravehicular Mobility Unit (AxEMU) demonstrate KBR's capabilities in developing next-generation spacesuits for NASA's Moon mission [6] Market Position and Stock Performance - KBR's shares have outperformed the Zacks Engineering - R and D Services industry, gaining 10.9% in the past month [8] - The company is well-positioned to benefit from favorable public spending in the U.S., despite facing macroeconomic challenges [11]