KBR Awarded Estimated $229M Contract for U.S. Army Cargo Helicopter Systems
Rhea-AI Summary
KBR (NYSE: KBR) has secured a $229M recompete task order under the Department of Defense Information Analysis Center's multiple-award contract to provide life cycle research and analysis for U.S. Army Cargo Helicopter Systems. The five-year contract will be executed in Huntsville, Alabama.
The scope includes research, analysis, and recommendations to enhance availability, reliability, and reduce support costs for the CH-47 Chinook helicopter for Cargo Helicopter Project Management Office and Foreign Military Sales partners. KBR will conduct maintainability analyses, quality assessments, supportability strategies, logistics management, and life cycle cost analyses.
The CH-47 Chinook serves critical roles in troop and cargo transport, medical evacuation, search and rescue, and disaster relief operations. KBR brings over 35 years of experience supporting the Aviation PEO and has been the incumbent contractor for U.S. Army CH-47 helicopters work for the past decade.
Positive
- Secured substantial $229M contract renewal
- Five-year contract duration ensures steady revenue stream
- Maintains incumbent position on strategic military contract
- Expands Foreign Military Sales (FMS) partnership opportunities
Negative
- Contract is a recompete, not new business expansion
News Market Reaction 1 Alert
On the day this news was published, KBR declined 0.25%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
HOUSTON, March 18, 2025 (GLOBE NEWSWIRE) -- KBR (NYSE: KBR) announced it has been awarded an estimated
Under the terms of the contract, KBR will research, analyze, assess, and develop recommendations to increase availability, improve reliability, and reduce support costs for the CH-47 Chinook helicopter for Cargo Helicopter (CH) Project Management Office (PMO) and Foreign Military Sales (FMS) partners. To achieve this objective, KBR will perform maintainability, quality, supportability, and interoperability analyses and strategies. The team will also provide logistics management, testing program management, independent verification and validation, and life cycle and cost analyses to refine and improve sustainability initiatives.
The CH-47 Chinook is a critical workhorse of the Army fleet used for troop and cargo transport, medical evacuation, search and rescue, and disaster relief as well as combat operations.
“This is a significant win for KBR and we’re proud to continue supporting this important program and the wider U.S. Department of Defense,” said Stuart Bradie, KBR President and CEO. “Our subject matter experts play an important role in developing and maintaining systems for the U.S. military, which is critical for national security.”
For more than 35 years, KBR has supported the Aviation PEO and the company is a 10-year incumbent on predecessor contracts to perform work on U.S. Army CH-47 helicopters.
ABOUT THE DODIAC PROGRAM
“The DoDIAC, sponsored by the Defense Technical Information Center, provides technical data management and research support for DoD and federal government users. Established in 1946, the IAC program serves the DoD science & technology (S&T) and acquisition communities to drive innovation and technological developments by enhancing collaboration through integrated scientific and technical information development and dissemination for the DoD and broader S&T community”.
About KBR
We deliver science, technology and engineering solutions to governments and companies around the world. KBR employs approximately 38,000 people worldwide with customers in more than 80 countries and operations in over 29 countries. KBR is proud to work with its customers across the globe to provide technology, value-added services, and long-term operations and maintenance services to ensure consistent delivery with predictable results. At KBR, We Deliver.
Visit www.kbr.com
Forward-Looking Statements
The statements in this press release that are not historical statements, including statements regarding performance periods, contract values and project outcomes, are forward-looking statements within the meaning of the federal securities laws. These statements are subject to numerous risks, uncertainties and assumptions, many of which are beyond the company’s control, that could cause actual results to differ materially from the results expressed or implied by the statements. These risks, uncertainties and assumptions include, but are not limited to, those set forth in the company’s most recently filed Annual Report on Form 10-K, any subsequent Form 10-Qs and 8-Ks and other U.S. Securities and Exchange Commission filings, which discuss some of the important risks, uncertainties and assumptions that the company has identified that may affect its business, results of operations and financial condition. Due to such risks, uncertainties and assumptions, you are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof. Except as required by law, the company undertakes no obligation to revise or update publicly any forward-looking statements for any reason.
For further information, please contact:
Investors
Jamie DuBray
Vice President, Investor Relations
713-753-5082
Investors@kbr.com
Media
Philip Ivy
Vice President, Global Communications and Marketing
713-753-3800
MediaRelations@kbr.com
FAQ
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