Core Viewpoint - KBR, Inc. plans to spin off its Mission Technology Solutions business, creating two independent public companies, with the transaction expected to be tax-free and completed by mid-to-late 2026 [1] Group 1: New KBR - New KBR will focus on sustainable technology, housing the Sustainable Technology Solutions segment, which offers over 85 process technologies across energy transition, chemicals, refining, and circular economy markets [2] - The unit anticipates growth through low-capital operations and strong cash conversion [2] Group 2: SpinCo - SpinCo will cater to global government customers in defense and space, benefiting from long-term contracts and a history of acquisitions that have enhanced its capabilities [3] - The capital-light model and predictable revenue of SpinCo are expected to drive growth in areas supported by increasing budgets [3] Group 3: Leadership and Management - Current Chair and CEO Stuart Bradi will remain at New KBR, while Mark Sopp will oversee the spin-off process before transitioning to a new role [4] - Shad Evans will succeed Sopp as chief financial officer in January 2026 and will continue in that position post-separation [4] - A search is currently underway for SpinCo's leadership team [4] Group 4: Legal and Financial Outlook - The restructuring occurs amid a securities class action lawsuit related to the termination of a Transcom contract, with investors alleging potential violations of securities law [5] - KBR has reaffirmed its 2025 financial outlook and plans to hold investor days ahead of the separation [5] - Following the announcement, KBR shares increased by 8.70% to $52.00 in premarket trading [5]