Core Viewpoint - KBR, Inc. is facing a securities class action lawsuit for failing to disclose material information during the specified Class Period, which has resulted in significant stock price declines following negative news related to a joint venture with HomeSafe Alliance [3][4]. Summary by Sections Lawsuit Details - The lawsuit is titled Norrman v. KBR, Inc., et al., No. 25-cv-04464, and is pending in the United States District Court for the Southern District of Texas [5]. - Investors who purchased KBR securities between May 6, 2025, and June 19, 2025, have until November 18, 2025, to file lead plaintiff applications [1][2]. Stock Price Impact - On June 19, 2025, KBR's joint venture, HomeSafe, announced the termination of a significant contract with the U.S. Department of Defense, leading to a drop in KBR's stock price by $3.85, or 7.29%, closing at $48.93 on June 20, 2025 [4]. - The stock experienced further decline, falling an additional $1.30, or 2.65%, to close at $47.63 on June 23, 2025 [4]. Company Background - KBR, Inc. has a 72% economic interest in HomeSafe Alliance, which was awarded a contract in 2021 to improve the military move system [4]. - Kahn Swick & Foti, LLC (KSF) is a prominent law firm specializing in securities litigation, representing various investors seeking recoveries for losses due to corporate fraud [5].

Core Insights - KBR has been awarded a $476 million contract by the U.S. Navy Facilities Engineering Systems Command to provide Base Operations Support services at Camp Lemonnier and Chabelley Airfield in Djibouti, which is the only permanent U.S. Navy base in Africa [1][2] - The contract will run from November 2025 to May 2034 and includes a wide range of mission support services for the Combined Joint Task Force - Horn of Africa, covering facility operations, maintenance, fire and emergency services, airfield and security operations, as well as basic life support services [2][3] - KBR has a long-standing relationship with NAVFAC in Djibouti, having supported base operations since 2013, and has provided mission-critical support to the U.S. military and allied nations for over 30 years in various complex environments globally [3][4] Company Overview - KBR delivers science, technology, and engineering solutions to governments and companies worldwide, employing approximately 38,000 people and operating in over 30 countries [4] - The company is committed to providing technology, value-added services, and long-term operations and maintenance services to ensure consistent delivery with predictable results [4]