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].

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][3]. Group 1: Lawsuit Details - The lawsuit aims 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]. Group 2: Contract Cancellation Impact - The lawsuit is linked to the Department of Defense's cancellation of a global household goods contract with HomeSafe Alliance LLC, a joint venture led by KBR, which was valued at up to $20 billion over nine years [3]. - Following the contract termination announcement on June 20, 2025, KBR shares dropped over 7% as investors reacted to the loss [3]. Group 3: Misrepresentation Allegations - On May 6, 2025, during its Q1 earnings call, KBR assured investors that the HomeSafe partnership was "strong" and projected a revenue contribution of approximately $400 million for 2025 [4]. - Just weeks later, on June 19, 2025, HomeSafe revealed that TRANSCOM had terminated the contract due to operational issues, which KBR allegedly knew about but did not disclose to investors [5]. Group 4: Financial Repercussions - After the class period, KBR revised its low-end 2025 revenue guidance downward by about $900 million (-9%) due to the removal of the HomeSafe JV revenue contribution [6]. - KBR management acknowledged operational challenges during the Q2 2025 earnings call, raising questions about whether the company misled investors regarding the contract's status [6].

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][5]. Group 1: Lawsuit Details - The lawsuit aims to represent investors who acquired KBR securities between May 6, 2025, and June 19, 2025 [1][2]. - Hagens Berman, a national shareholders rights firm, is encouraging KBR investors who experienced substantial losses to come forward [2]. - The legal action claims that KBR executives provided an overly optimistic outlook on a crucial partnership just before its collapse [2]. Group 2: Contract Cancellation Impact - The litigation is linked to the Department of Defense's cancellation of its global household goods contract with HomeSafe Alliance LLC, a joint venture led by KBR, announced on June 20, 2025 [3]. - Following the contract termination, KBR shares dropped over 7% due to the loss of a contract valued at up to $20 billion over a potential nine-year term [3]. Group 3: Misrepresentation Allegations - On May 6, 2025, during its Q1 earnings call, KBR assured investors that the HomeSafe partnership was "strong" and projected a mid-point revenue contribution of about $400 million for 2025 [4]. - Just weeks later, on June 19, 2025, HomeSafe revealed that TRANSCOM had terminated the contract due to operational issues, which KBR allegedly knew about but did not disclose to investors [5]. - The lawsuit argues that KBR's misrepresentation led to significant financial losses for shareholders [5]. Group 4: Financial Guidance Revision - Following the contract termination, KBR revised its low-end 2025 revenue guidance downward by approximately $900 million (-9%) on July 31, 2025, primarily due to the removal of the HomeSafe JV revenue contribution [6]. - KBR management acknowledged operational challenges during the earnings call after the guidance revision [6].

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][5]. Group 1: Lawsuit Details - The lawsuit aims 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]. Group 2: Contract Cancellation Impact - The lawsuit is linked to the Department of Defense's cancellation of its global household goods contract with HomeSafe Alliance LLC, a joint venture led by KBR, announced on June 20, 2025 [3]. - Following the contract termination, KBR shares dropped over 7% due to the loss of a contract valued at up to $20 billion over a potential nine-year term [3]. Group 3: Misrepresentation Allegations - On May 6, 2025, during its Q1 earnings call, KBR assured investors that the HomeSafe partnership was "strong" and projected a revenue contribution of about $400 million for 2025 [4]. - Just weeks later, on June 19, 2025, HomeSafe revealed that TRANSCOM had terminated the contract due to operational issues, which KBR allegedly knew about but did not disclose to investors [5]. Group 4: Financial Guidance Revision - After the contract termination, KBR revised its low-end 2025 revenue guidance downward by approximately $900 million (-9%) on July 31, 2025, primarily due to the removal of the HomeSafe JV revenue contribution [6]. - KBR management acknowledged operational challenges during the earnings call following the revenue guidance revision [6].

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][3]. 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 the HomeSafe partnership just before its collapse [2][5]. 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, leading to a more than 7% drop in KBR's share price [3][5]. - The contract was valued at up to $20 billion over a potential nine-year term [3]. Group 3: Financial Implications - KBR had previously assured investors during its Q1 earnings call on May 6, 2025, that the HomeSafe partnership was "strong" and expected to contribute approximately $400 million in revenue for 2025 [4]. - Following the contract termination, KBR revised its low-end 2025 revenue guidance downward by about $900 million (-9%) due to the removal of the HomeSafe JV revenue contribution [6].

Core Viewpoint - A class-action lawsuit has been filed against KBR, Inc. alleging misleading statements made by the company prior to the cancellation of a significant military contract, which adversely affected its business outlook [1][2]. Group 1: Lawsuit Details - The lawsuit targets KBR investors who acquired securities between May 6, 2025, and June 19, 2025, and seeks to represent those who suffered substantial losses [2]. - The legal action claims that KBR executives provided an overly optimistic outlook on a crucial partnership just before its collapse [2]. Group 2: Contract Cancellation Impact - The lawsuit arises from the U.S. Department of Defense's cancellation of its global household goods contract with HomeSafe Alliance LLC, a joint venture led by KBR, announced on June 20, 2025 [3]. - Following the contract termination, KBR shares dropped over 7% due to the loss of a contract valued at up to $20 billion over a potential nine-year term [3]. Group 3: Misrepresentation Allegations - On May 6, 2025, during its Q1 earnings call, KBR assured investors that the HomeSafe partnership was "strong" and projected a mid-point revenue contribution of about $400 million for 2025 [4]. - Just weeks later, on June 19, 2025, HomeSafe disclosed the termination of the contract for cause, attributed to operational issues, which KBR allegedly knew about but did not disclose to investors [5]. Group 4: Financial Revisions - After the contract termination, KBR revised its low-end 2025 revenue guidance downward by approximately $900 million (-9%) during its Q2 2025 financial results announcement on July 31, 2025 [6]. - KBR management acknowledged operational challenges during the earnings call, raising questions about whether the company intentionally misled investors regarding the contract's status [6].

SAN FRANCISCO, Sept. 29, 2025 (GLOBE NEWSWIRE) -- A new class-action lawsuit is targeting KBR, Inc. (NYSE: KBR), alleging the company made misleading statements to investors in the weeks leading up to the abrupt cancellation of a major military contract. The suit, Norrman v. KBR, Inc., et al., No. 4:25-cv-04464 (S.D. Tex.), was filed after the company’s stock plunged following the termination of a multi-billion-dollar deal. National shareholders rights firm Hagens Berman urges KBR investors who suffered sub ...