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 has announced the launch of its Sustainable Aviation Fuel (SAF) technology in collaboration with Swedish Biofuels AB. This partnership enhances KBR's decarbonization efforts within the aviation sector, offering a distinct SAF solution that processes both ethanol and carbon dioxide to create aviation fuel. The technology was validated with assistance from DARPA at Wright-Patterson Air Force Base. KBR's President, Doug Kelly, expressed enthusiasm for aiding the aviation sector in achieving sustainability objectives. The company aims to help meet net zero emission targets by 2030 and beyond, demonstrating its commitment to reducing CO2 emissions through innovation in fuel technology.
KBR, Inc. reported strong Q4 and fiscal 2022 results, highlighted by a 23% revenue increase year-over-year to $1.6 billion. The company achieved a net income of $93 million and an Adjusted EBITDA of $157 million, reflecting a 10% margin. For fiscal 2023, KBR projects revenue of $6.9 to $7.1 billion and Adjusted EBITDA of $715 to $745 million, with an increase in the quarterly dividend by 12.5% to $0.135 per share. KBR's backlog stands at $19.8 billion, with a 1.2x book-to-bill ratio. The company emphasizes its commitment to carbon neutrality and sustainable technology solutions.
KBR has announced a quarterly dividend of $0.135 per share on its common stock, which will be paid on April 14, 2023. Stockholders of record by March 15, 2023 will be eligible to receive this dividend. This declaration signals KBR's commitment to returning value to its shareholders. The company, which employs approximately 28,000 people across 34 countries, continues to provide technology and engineering solutions globally.
KBR (NYSE: KBR) announced that its K-GreeN® technology has been chosen by Enaex, S.A. for the HyEx green ammonia project in Chile. The project aims to produce green ammonia using renewable energy sources like photovoltaic power. Toyo Engineering Corporation will conduct front-end engineering design using KBR's proprietary technology. KBR has a strong track record in ammonia technology, with over 250 grassroot ammonia plants licensed, engineered, or constructed globally since 1943. This initiative is poised to enhance Chile's renewable energy capabilities and contribute to the global clean hydrogen energy future.
KBR, a global provider of science and engineering solutions, is set to host a conference call to discuss its fourth quarter and fiscal year 2022 financial results on February 16, 2023, at 7:30 a.m. CT. The earnings release and presentation will be available on KBR's website prior to the call. This will be an opportunity for investors to gain insights into the company's financial performance and future outlook. A replay of the call will also be accessible post-event.
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KBR (NYSE: KBR) has launched Asset Ikigai, an ISO 55001-certified asset management framework designed to optimize the value of physical asset portfolios for government and commercial clients. This next-generation framework integrates data, analytics, and management strategies, enhancing asset lifecycle processes from maintenance and reliability to sustainability. KBR's president, Byron Bright, emphasized the framework's ability to improve mission readiness and balance cost and risk. Initial implementations are underway in Europe, Africa, and the Middle East, with global availability now confirmed.
KBR (NYSE: KBR) has announced its Vinyl Acetate Monomer (VAM) technology will be used by Asian Paints Limited for a new production facility in India. KBR will provide technology licensing, engineering, equipment, and catalyst for the 100,000 tons per annum facility. This collaboration aims to enhance production efficiency and reduce raw material imports, supporting Asian Paints' commitment to eco-friendly paints. KBR, with over 50 years of experience, continues to provide innovative solutions in the petrochemical sector.
KBR has secured a contract to provide engineering services for an offshore energy storage project for CrossWind, a Shell and Eneco joint venture. The project involves front-end engineering design for a baseload power hub associated with the Hollandse Kust (north) wind farm in the Netherlands. KBR will integrate lithium-ion battery storage and green hydrogen production to enhance energy security. This initiative is part of KBR's commitment to sustainable energy solutions as the company seeks to address global energy challenges.
KBR has secured a $69.2 million contract to enhance airborne reconnaissance aircraft systems for the Naval Surface Warfare Center Crane and NAVAIR. The project focuses on upgrading both legacy and new technology for intelligence, surveillance, reconnaissance, and targeting systems, particularly the E-2D Advanced Hawkeye. This contract, awarded under the DoD Information Analysis Center's multiple-award contract vehicle, supports the development of advanced ISR&T systems while maintaining existing systems. KBR aims to leverage over 30 years of experience with the E-2 program for this initiative.