KBR Stock Price, News & Analysis

KBR has been selected as a major partner for Axiom Space under NASA's xEVAS contract to develop next-gen spacesuits. This contract, valued at $3.5 billion, spans until 2034. It encompasses design, testing, and manufacturing services for spacesuits aimed at lunar missions and future Mars exploration. KBR has over 25 years of experience in spacesuit development, continuing its legacy of supporting space missions. This collaboration marks a significant milestone in KBR's commitment to advancing human spaceflight capabilities.

KBR, Inc. (NYSE: KBR) has announced a conference call to discuss its second quarter 2022 financial results on August 2, 2022, at 7:30 a.m. Central Time. The company will issue its earnings release and presentation prior to the call, both of which will be available on KBR's website. The conference call will be webcast live, with a replay accessible afterward via the website or by telephone. KBR employs approximately 28,000 people across 34 countries, delivering diverse engineering solutions globally.

KBR (NYSE: KBR) has secured a $20 million contract to expand its health and human performance research for the 711th Human Performance Wing at the Air Force Research Laboratory over a period of 3 years. This cost-plus-fixed-fee agreement enhances KBR's existing R&D initiatives, focusing on airman readiness medical research. The company will utilize its expertise at Wright-Patterson Air Force Base to study the biomedical impacts on airmen, including cognitive performance and aerospace physiology.

KBR (NYSE: KBR) has secured a contract from BP Exploration for front-end engineering design, turnaround engineering, and procurement support services at the Shah Deniz Alpha platform in Azerbaijan. The initiative aims to lower the platform's carbon footprint and enhance operational efficiency by decommissioning five power generators and establishing new energy supplies through subsea cables. KBR's experience in the Azerbaijan-Georgia-Turkey region, coupled with local execution from Azerbaijani engineers, underlines their capability in sustainable technology solutions.

KBR has announced that its commercial cloud and mission service platform, KBR Vaault, is now FedRAMP Ready. This designation allows the platform to support U.S. federal government departments with secure, cloud-based solutions, including digital evidence management for public safety. The platform facilitates the secure collection and management of video and audio data, crucial for incident response. KBR Vaault is one of only 370 products on the FedRAMP Marketplace, reinforcing its credibility and reliability for government and commercial customers.

KBR has signed a definitive agreement to acquire the UK-based VIMA Group for up to GBP £75 million, including earn-out opportunities. VIMA Group specializes in digital transformation solutions for defense and public sector clients, securing its position as a top supplier to the UK's Ministry of Defence. KBR aims to enhance its advisory and consulting capabilities while investing in future growth. This acquisition aligns with KBR's strategy to strengthen its position in international markets and deliver long-term value.

KBR, Inc. has announced a $100 million investment in Mura Technology, increasing its stake to 18.5%. This funding aims to accelerate Mura's plastics recycling projects, contributing to a sustainable circular economy. Payments will be made in two tranches, with the first in the quarter ending June 30, 2022 and the second in 2023. KBR's partnership with Mura leverages their technology to target a recycling capacity of 1,000,000 tonnes by 2025, enhancing KBR's engagement in this high-growth sector.

KBR announced its participation in several upcoming investor events in June 2022. KeyBank Capital Markets will host meetings on June 1, while Stifel's conference is scheduled for June 8, including a fireside chat with Mark Sopp and Alison Vasquez. Additionally, KBR will participate in the Jefferies Virtual A&D ESG Summit on June 14 at 2:00 p.m. ET. Interested investors can access live webcasts via KBR's investor portal. KBR delivers engineering solutions globally, employing around 28,000 people across 34 countries.