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KBR Secures Up to $350M USGS Technical Support Services Contract
ZACKS· 2026-01-06 18:05
Core Insights - KBR, Inc. has enhanced its presence in the U.S. by securing a Technical Support Services Contract from the U.S. Geological Survey, leading to a 6.7% increase in its stock price [1] Group 1: Contract Details - KBR has obtained a single Indefinite Delivery/Indefinite Quantity (IDIQ) contract valued at up to $350 million to support USGS in Earth observation initiatives, including the upcoming Landsat Next satellite constellation set for launch in 2030 [2] - The contract involves modernizing USGS operations through cloud-native systems, AI, machine learning, and enterprise-scale IT solutions, focusing on data analytics and secure IT infrastructure [3] Group 2: Company Capabilities and Partnerships - KBR leverages over 24 years of experience in advanced engineering and data analytics, reinforcing its role as a trusted partner for USGS in environmental intelligence and planetary stewardship [4] - The company’s backlog has shown strong growth, reaching $23.35 billion at the end of Q3 FY25, a 5.6% increase year-over-year, supported by favorable market conditions and U.S. government emphasis on national security and sustainability [5][6] Group 3: Stock Performance and Market Context - KBR's stock has experienced a slight decline of 0.7% over the past month, contrasting with a 3.4% decline in the Zacks Engineering - R and D Services industry, influenced by factors such as the U.S. government shutdown affecting new awards [7]