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KBR (NYSE: KBR) delivers technology-driven engineering and sustainable solutions across government, energy, and industrial sectors worldwide. This page provides investors and professionals with direct access to official company announcements, including press releases, project milestones, and strategic developments.
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Bookmark this page for real-time insights into KBR's global EPC projects, regulatory filings, and leadership updates. All content is sourced directly from company communications to maintain accuracy and compliance with financial disclosure standards.
KBR (NYSE: KBR) has secured a technology contract from Tecnimont S.p.A. for OCI NV's low-carbon blue ammonia project in the U.S. The contract includes the supply of a technology license, engineering design, equipment, and catalyst for a plant with a capacity of 1.1 million tons per annum, aimed for completion by 2025. This project will evolve from blue to green ammonia production as green hydrogen becomes more widely available. KBR's technology leadership is highlighted, with a history of licensing 252 ammonia plants since 1944.
KBR (NYSE: KBR) has secured a three-year contract to support UK Nuclear Waste Services, enhancing its role in critical nuclear infrastructure. This agreement will leverage KBR's extensive experience in the nuclear sector, with a focus on project management, technical design, and community engagement. The company has grown its workforce in the UK nuclear energy sector from 200 to over 850 employees since 2020. This collaboration underscores KBR's commitment to delivering innovative, safety-focused solutions aligned with national infrastructure needs in the UK.
KBR has signed a master license and engineering agreement with Giammarco-Vertrocoke S.R.L. to globally license its proven carbon capture technology. This agreement allows KBR to provide energy-efficient, flexible carbon capture solutions to the blue ammonia, petrochemical, and refining industries, supporting clients in achieving sustainability targets. KBR’s President, Doug Kelly, emphasized the importance of this integration for both current and future projects. Giammarco-Vetrocoke aims to enhance its global presence through this partnership, aligning with its mission to mitigate climate change by capturing CO2.
KBR has been awarded a $38 million contract by the Defense Logistics Agency (DLA) for maintenance support and sustainment of Automated Fuel Handling Equipment (AFHE) at 23 sites globally. This 5-year contract includes preventative and corrective maintenance, site support, and data analytics to ensure operational continuity. KBR aims to enhance productivity while reducing waste and environmental pollution. The company has provided Industrial Control Systems services to DLA for over 15 years, reinforcing its commitment to sustainability and efficient government solutions.
KBR has secured a contract to investigate a carbon-neutral, green ammonia power system for an Odfjell-owned semi-submersible drilling unit. Collaborating with Odfjell, Equinor, and Wärtsilä, KBR aims to convert diesel generators to ammonia-fueled systems. Jay Ibrahim, KBR's president of Sustainable Technology Solutions, emphasized the project's role in decarbonizing existing assets and achieving net-zero targets. KBR, known for its K-GreeN technology, offers a sustainable alternative for the maritime industry.
KBR announced that its joint venture Xandar, LLC has secured a $4.8 billion contract with the National Air and Space Intelligence Center for the NOVASTAR program, extending to 2033. Xandar will offer research and development support for various systems and software to enhance scientific and technical intelligence production for the U.S. Air Force and the Department of Defense. The partnership combines KBR's extensive expertise with NASK's agile capabilities, addressing evolving security challenges.
KBR announced a quarterly dividend of $0.12 per share on August 17, 2022. This dividend will be payable on October 14, 2022, to stockholders of record by September 15, 2022. With approximately 28,000 employees across 34 countries, KBR delivers science, technology, and engineering solutions globally. The company emphasizes its commitment to providing consistent delivery and predictable results for its customers.
On August 3, 2022, KBR and McDermott International announced a global licensing agreement to jointly provide integrated solutions utilizing KBR's proprietary ammonia technologies. This collaboration focuses on producing renewable and low-carbon ammonia, essential for decarbonization efforts, as it can serve as carbon-free fertilizers or energy carriers. The partnership aims to leverage KBR's advanced technology and McDermott's global execution capabilities for efficient low-carbon ammonia projects. Together, they will explore modularized execution concepts to enhance project efficiency.
KBR reported strong Q2 2022 results with a net income of $94 million and diluted EPS of $0.61, marking a significant improvement from a net loss of $149 million in Q2 2021. Revenue increased by 5% to $1.6 billion. Adjusted EBITDA stood at $186 million, with a margin of 12%. The company generated $125 million in operating cash flow and added $232 million in deployable free cash. KBR is focused on high-barrier markets, recently acquiring VIMA Group and expanding its investment in Mura Technology.
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