KBR Secures Naval Research Lab Contract for Advancement of Space Science Instruments
KBR (NYSE: KBR) has secured a cost-plus-fixed-fee contract from the U.S. Navy for the continued development of space science instrument systems at the Naval Research Lab (NRL) in Washington, D.C.
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Rhea-AI Summary
KBR (NYSE: KBR) has secured a cost-plus-fixed-fee contract from the U.S. Navy for the continued development of space science instrument systems at the Naval Research Lab (NRL) in Washington, D.C. The contract, known as Space Science Instruments and Experimental Payloads (SSIEP) 3, is expected to span five years and involves advanced engineering efforts in various fields.
KBR will provide personnel, equipment, and facilities to support engineering and research activities for the Navy's Space Science Division. The work focuses on the design, development, analysis, fabrication, inspection, assembly, integration, testing, and documentation of sophisticated space science instruments and experimental payloads. This contract maintains KBR's presence at NRL, where it has supported SSIEP 1 and 2 since 2015.
Positive
- Secured a cost-plus-fixed-fee contract with the U.S. Navy
- Contract expected to span five years, providing stable revenue
- Continuation of existing relationship with Naval Research Lab since 2015
- Reinforces KBR's position in space science and engineering sectors
Negative
- None.
Details
News Market Reaction – KBR
The recorded move for KBR in the trading session of this news was +1.65%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Under the terms of the Space Science Instruments and Experimental Payloads (SSIEP) 3 contract, KBR will provide personnel, equipment and facilities to support engineering and research activities for the Navy's Space Science Division. Their focus will be on the design, development, analysis, fabrication, inspection, assembly, integration, testing, and documentation of sophisticated space science instruments and experimental payloads.
This work is expected to be performed over five years and involves advanced efforts in various forms of engineering, including thermal systems, contamination, optical and radio frequency, instrument systems, mechanisms, mechanical, and electrical. This follow-on contract maintains KBR's presence at NRL where it has supported SSIEP 1 and 2 since 2015.
"At KBR, we lead the way in technical innovation from space hardware to digital engineering projects worldwide. This win reflects the tireless efforts of our talented engineers, whose seamless fusion of creativity, precision and practicality sets us apart and ensures mission success for our valued customers," stated Byron Bright, President of KBR Government Solutions
KBR has more than 50 years of comprehensive design engineering experience in various industries.
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 operations and performance periods, 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.
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