KBR Stock Price, News & Analysis

KBR (NYSE: KBR) has announced a conference call scheduled for October 26, 2022 at 7:30 a.m. CT to discuss its third quarter 2022 financial results. The earnings release and presentation will be available on KBR's website prior to the call. Investors can access the live call and a subsequent replay through the Investor Relations section of their site.

The company provides science, technology, and engineering solutions globally, employing approximately 28,000 people in 34 countries.

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.