KBR Expands Support of Australia's Critical Submarine Rotational Program, Progressing Pathway for AUKUS
Rhea-AI Summary
KBR (NYSE: KBR) has been awarded a contract to continue providing technical design services at HMAS Stirling for Australia's sovereign nuclear-powered submarines program. This work supports the Submarine Rotational Force (SRF) – West and accelerates Australia's ability to operate and maintain its future nuclear-powered submarine fleet. KBR will integrate capabilities from Frazer Nash Consultancy to support a safety-led approach for nuclear technical solutions.
The company's expertise includes developing solutions for maritime infrastructure, low-level radioactive waste management, submarine maintenance support facilities, estate planning, digital integration, and systems engineering requirements. This contract follows KBR's previous announcement of providing concept design services for the new nuclear-powered submarine construction yard at Osborne in South Australia.
Positive
- Awarded contract for technical design services at HMAS Stirling
- Supports Australia's sovereign nuclear-powered submarines program
- Expands KBR's role in critical national security infrastructure
- Leverages expertise in nuclear safety and systems experience
- Builds on existing work with Defence on Nuclear-Powered Submarine program since 2021
Negative
- None.
News Market Reaction
On the day this news was published, KBR declined 1.07%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Building on the design and construction work already underway, KBR will continue to integrate the unique capabilities of Frazer Nash Consultancy, a KBR company, to support a safety-led approach for nuclear technical solutions. KBR's expertise involves developing solutions for maritime infrastructure, low-level radioactive waste management, submarine maintenance support facilities, estate planning, digital integration and systems engineering requirements.
The new work at HMAS Stirling follows KBR's announcement that the company would provide concept design services for the new nuclear-powered submarine construction yard at Osborne in
"KBR's infrastructure, design, nuclear safety and systems experience will be the cornerstone for shaping the future capability required to build and sustain nuclear powered submarines," said Jay Ibrahim, President, KBR Sustainable Technology Solutions. "KBR is delighted to have been selected to undertake this incredibly important infrastructure work. The trust that has been placed in us is testament to our long history at HMAS Stirling and the world class capabilities that we can contribute to this critical national security endeavour."
KBR has been providing infrastructure design to the Security and Estate Group and the Royal Australian Navy at HMAS Stirling for several years through the Navy Capability Infrastructure Subprogram (NCIS) and Defence Fuels Transformation Program (DFTP). The company has also been working with Defence on its Nuclear-Powered Submarine program since late 2021.
About KBR
We deliver science, technology and engineering solutions to governments and companies around the world. KBR employs approximately 36,000 people worldwide with customers in more than 80 countries and operations in over 30 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 future contractual and technological performance, 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
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SOURCE KBR, Inc.
FAQ
What contract has KBR (NYSE: KBR) been awarded for Australia's submarine program?
How does KBR's work support the AUKUS agreement?
What specific expertise is KBR bringing to the Australian submarine program?
How long has KBR been involved with Australia's Nuclear-Powered Submarine program?
