Financial Highlights - The company reported revenue of $50.3 million in Q2 2025, a 21% year-over-year increase[64,69] - The company's backlog as of June 30, 2025, was $256.9 million, also a 21% year-over-year increase[65,74] - The company ended Q2 with a cash balance of $344.9 million[68,77] - The company's operating loss in Q2 2025 was $28.6 million, and adjusted EBITDA was a loss of $25.4 million[71] - Full-year 2025 revenue is projected to be near the low-end of prior outlook, with additional opportunities in the latter part of the year that supports revenue near the prior mid-point of $275 million[82] Strategic Initiatives - The company was awarded a $9.8 million contract from a national security customer to advance the Orbital Transfer Vehicle[13,43,64] - The company is continuing development of a stealth nuclear-powered satellite for AFRL, with a follow-on contract anticipated later this year[13,44] - The company signed a definitive agreement to acquire KinetX Inc for $30 million to expand capabilities in satellite constellation design and ground operations[13,37] - The company formalized a strategic partnership with Goonhilly Earth Station to explore new global opportunities for ground segment data transmission[13,38] Infrastructure and Missions - The company is expanding its Houston Spaceport headquarters with a new 116,000-square-foot facility and a 16,500-square-foot spacecraft development and production space[24,28,29] - The company is aligning the IM-3 mission with satellite readiness, now targeting the second half of 2026[34]

Core Insights - KBR successfully supported the launch and execution of Axiom Mission 4 (Ax-4), marking a significant milestone in the company's role in commercial spaceflight [1][4] - The company provided comprehensive training for the Ax-4 crew, enabling them to live and work aboard the International Space Station for two weeks [2] - KBR embedded four flight controllers into Axiom Space's mission control center for real-time operational support during the mission [3] Company Contributions - KBR has supported four private astronaut missions through its agreements with NASA, leveraging its experience from previous contracts [2] - The company has a long history of working with U.S. astronauts since 1968, covering various aspects of space missions [5] - KBR's President highlighted the company's growing footprint in the private space sector and its reputation as a trusted partner in human spaceflight operations [4] Operational Scope - KBR employs approximately 38,000 people globally and operates in over 29 countries, providing technology and engineering solutions to various clients [6] - The company is committed to delivering consistent results and value-added services to its customers worldwide [6]