KBR Stock Price, News & Analysis

KBR (NYSE: KBR) has secured a Program Management Consultancy (PMC) services contract from TAQA Transmission for Phase 1 of its Nexus Scheme in Abu Dhabi. The project encompasses management of EPC packages across power and water transmission networks in multiple Abu Dhabi locations.

Under the contract, KBR will oversee supply management and infrastructure development. The initiative is part of TAQA's strategy to address UAE's growing energy demands while maintaining sustainable operations. Jay Ibrahim, KBR President of Sustainable Technology Solutions, emphasized the project's strategic importance in digital transformation and sustainable energy management.

KBR (NYSE: KBR) has secured a two-year renewal of its engineering, procurement, and construction management (EPCM) contract with Basra Oil Company (BOC) for the Majnoon Oil Field in Iraq. The contract extension will enable KBR to continue providing comprehensive EPCM services to maintain production capacity and enhance operational efficiency.

The renewed partnership focuses on maximizing local content, improving safety measures, and supporting Iraq's national energy strategy. KBR's team in Iraq includes a significant number of local professionals working at the Majnoon site and regional hubs, contributing to the Growth II Program implementation.

KBR (NYSE: KBR) has secured a front-end engineering design (FEED) contract from KEPPT for a major fertilizer facility in Basra, Iraq. The project includes a 2,300 metric tons per day ammonia production facility and a 3,850 metric tons per day urea production unit.

The facility will utilize KBR's proprietary ammonia technology, focusing on high efficiency, low emissions, and operational reliability. The project aims to monetize gas feedstock, boost Iraq's agricultural industry, create employment opportunities, and reduce fertilizer import dependency while establishing Iraq as a global ammonia producer.

KBR (NYSE: KBR) and its joint venture partner SOCAR have secured two significant contracts from BP in Azerbaijan. The SOCAR-KBR LLC joint venture will provide detailed engineering design and procurement services for the Sangachal Terminal Electrification (STEL) project and the Shah Deniz compression (SDC) gas field project.

The Sangachal terminal, previously designed by KBR, serves as a crucial connection between Azerbaijan and Europe, supporting the country's transition to national grid supply and emissions reduction. The projects will be executed by SOCAR-KBR's Baku office, where 95% of the team consists of local Azerbaijani professionals, supported by KBR's global expertise.

KBR (NYSE: KBR) announced the resignation of Chief Operating Officer Byron Bright, effective July 11, 2025, after 15 years with the company. This follows KBR's January 2025 portfolio realignment into two segments: Mission Technology Solutions (MTS) and Sustainable Technology Solutions (STS).

The company's MTS segment will continue to be led by Doug Hill as President of Readiness & Sustainment and Mark Kavanaugh as President of Defense, Intel and Space portfolio. Both executives, along with STS President Jay Ibrahim, will report directly to CEO Stuart Bradie. KBR expects no operational disruption from this leadership transition.

KBR (NYSE: KBR) has scheduled its second quarter 2025 earnings conference call for Thursday, July 31, 2025 at 7:30 a.m. Central Time (8:30 a.m. Eastern Time). The company will release its Q2 2025 earnings report and presentation before the call.

Investors can access the webcast through KBR's Investor Relations website at investors.kbr.com. A replay will be available post-call on the website or via telephone at +1.866.813.9403 using passcode: 301084.

KBR (NYSE: KBR) has successfully supported the launch and execution of Axiom Mission 4 (Ax-4), the fourth private astronaut mission to the International Space Station. The company provided comprehensive ISS systems and medical training to the four Ax-4 crew members for their two-week mission.

In a significant milestone, KBR embedded four flight controllers in Axiom Space's mission control center for real-time operational support. This mission continues KBR's involvement in private space missions, building on their support of Axiom Missions 1, 2, and 3, and extends their legacy of working with every U.S. astronaut since 1968.

KBR announced that HomeSafe Alliance, its joint venture, received notice from U.S. Transportation Command (TRANSCOM) terminating its role in the Global Household Goods Contract on June 18, 2025. The contract was intended to enhance the moving system for military service members and their families. KBR will continue working with HomeSafe to fulfill remaining obligations to TRANSCOM and affected military families. Importantly, KBR states this development will not materially impact its 2025 adjusted EBITDA outlook, as the program was not expected to contribute to profits during its initial year of move activity.

KBR has secured a $161 million subcontract with Strategic Resources Inc to support the U.S. Army's psychological health and resilience services. The Master Resilience Training/Training Center Support contract includes a base year plus four option years, covering Army installations across the U.S., Korea, Japan, and Germany. KBR will provide Master Resilience Trainers at Army Ready and Resilience Centers to enhance well-being and performance of soldiers, families, Army civilians, and DoD staff. The program focuses on developing skills like self-awareness, optimism, and mental agility. This win follows KBR's recent DoD healthcare contracts (SPARC and MQS2) and complements existing contracts with NASA and U.S. Special Operations Forces for similar services.