Welcome to our dedicated page for KBR news (Ticker: $KBR), a resource for investors and traders seeking the latest updates and insights on KBR stock.
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KBR has been awarded a $2 billion contract by the U.S. Navy for global contingency services, lasting 8.5 years. The contract aims to provide critical support for U.S. Navy facilities worldwide, including IT support, force protection, healthcare, and more. KBR's expertise in supporting the military positions them well to fulfill the Navy's needs efficiently.
KBR has secured a $34 million contract with the U.S. Naval Research Laboratory for facility operations, maintenance, and security in Washington, D.C. over a five-year period. The contract includes expanded services such as staffing the NRL visitor's center, cybersecurity support, and maintenance of controlled areas.
KBR has been awarded a $100m contract by the UK Ministry of Defence to provide heavy lift movement services for the British Army, including the operation and maintenance of Heavy Equipment Transporters (HET) for the next three years. This contract reinforces KBR's long-standing support for the UK MOD and enhances the logistic movement capabilities of the British Army.
KBR, Inc. announced strong Q1 2024 financial results with Adjusted EBITDA growth and margin expansion. New business awards and backlog were robust, totaling $20.8 billion. Sustainable Technology Solutions and Government Solutions segments performed well, with notable achievements and contracts. Financial highlights include revenue of $1.8 billion, net income of $93 million, Adjusted EBITDA of $207 million, and operating cash flows of $91 million. The company reaffirmed fiscal 2024 guidance with revenue expected between $7.4B - $7.7B and Adjusted EBITDA in the range of $810M - $850M.
KBR has been awarded $771 million in contract options to provide logistics and life support services to the U.S. Army Northern Command and European Command. The contract period is from March 2024 to March 2025. KBR will continue to support approximately 20,000 U.S. government personnel across Europe and North America, offering services like equipment readiness, training, and supply chain solutions. The company also focuses on sustainable energy solutions to reduce carbon emissions and fuel consumption.
