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.
KBR, Inc. (NYSE: KBR) generates a steady flow of news through contract awards, technology deployments and program milestones across energy, defense and space. The company’s releases highlight its role in delivering science, technology and engineering solutions to governments and companies worldwide, with a workforce of about 37,000 people serving customers in more than 80 countries and operations in over 29 countries.
On this page, readers can follow KBR news related to LNG and energy transition projects, such as front-end engineering design for the Coastal Bend LNG facility on the Texas Gulf Coast, green ammonia developments in Spain and biomethanol projects in Saudi Arabia using KBR’s PureMSM green methanol technology. Updates often describe how KBR’s engineering and technology support lower carbon intensity, improved energy efficiency and national energy transition goals.
KBR news also covers major government and defense contracts, including its seat on the Missile Defense Agency’s SHIELD multiple-award contract, readiness and sustainment work for the U.S. Naval Supply Systems Command and Foreign Military Sales support for F/A-18 and EA-18G aircraft. In space, announcements detail testing of next-generation spacesuits with Axiom Space under NASA’s Exploration Extravehicular Activity Services contract.
Investors and industry observers can use this news feed to track KBR’s contract pipeline, geographic reach and areas of technical focus. Regular updates provide context on how the company’s mission technology solutions and sustainable technology solutions segments participate in large-scale infrastructure, defense and space programs around the world.
KBR, Inc. showcased enduring growth and a confident outlook at the 2024 Investor Event, setting ambitious financial targets for 2027. The company aims to exceed $1.15 billion in Adj. EBITDA by 2027, with double-digit profit and cash flow growth. KBR's leadership team highlighted the company's market positioning, digital and technical offerings, and operational disciplines, expressing confidence in sustained high performance. The 2027 long-term targets include revenues over $11.5 billion, Adj. EBITDA margin of 10-11%, operating cash flows of $700 million, and cumulative deployable free cash of around $2.0 billion. KBR's transformation into a global tech leader positions it for continued growth.
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.
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