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 (NYSE: KBR) has completed private astronaut training for the historic Axiom Mission 1 (Ax-1), launching on April 6. This mission marks the first private astronaut initiative to the International Space Station (ISS). KBR is the prime contractor for NASA's Integrated Mission Operations Contract II and Human Health and Performance Contract. The Ax-1 crew underwent a comprehensive training program, receiving over 100 hours of hands-on instruction. This training emphasizes KBR's expertise in ISS systems and space medical operations, highlighting its pivotal role in upcoming space exploration.
KBR announced that Umberto della Sala will not seek re-election to its board of directors during the upcoming annual shareholder meeting in May. Sir John A. Manzoni has been nominated to fill his position. Della Sala has served on the board since 2015, bringing experience from various committees. Manzoni's extensive background includes leadership roles at SSE and BP, which may provide valuable insights to KBR. The company's commitment to delivering science and technology solutions globally remains strong as it navigates ongoing challenges in the market.
KBR and ExxonMobil have announced a collaboration to enhance propane dehydrogenation (PDH) technology. The partnership will integrate ExxonMobil's new proprietary catalyst with KBR's K-PRO℠ PDH technology, enabling the conversion of propane to propylene. This collaboration aims to reduce energy consumption and operating costs for existing and future K-PRO licensees. The combined expertise of both companies, with over 50 years in catalyst and technology development, is expected to accelerate commercialization and improve financial outcomes for customers.
KBR has secured a contract from a leading midstream company for a world-scale olefins production facility on the U.S. Gulf Coast. The project will utilize KBR's K-COTTM catalytic olefins technology, enabling the production of 2.4 million metric tons annually. The technology supports energy transition, enhances carbon efficiency, and incorporates plastics circularity. This initiative aims to address the growing demand for light olefins while leveraging existing infrastructure and logistics.
KBR has secured a new $640 million contract for Ground Systems and Mission Operations-3 (GSMO-3) to support over 10 NASA exploration missions, including the James Webb Space Telescope. KBR will provide various engineering and operational support services from NASA's Goddard Space Flight Center for a five-year term. This follows the prior GSMO-2 contract, enhancing KBR's longstanding partnership with NASA.
KBR has secured a $70 million contract to provide comprehensive technical analysis for the U.S. Army's sensor development under the STARE Project Office. This four-year contract focuses on verifying and validating sensor performance within the Integrated Air and Missile Defense Battle Command System. KBR aims to enhance sensor readiness and support future Army operations while addressing emerging threats. The contract was awarded under the DoD Information Analysis Center's multiple-award contract vehicle, signifying KBR's ongoing commitment to advancing U.S. military capabilities.
KBR, Inc. (NYSE: KBR) has updated its 2025 long-term financial targets, driven by its joint venture, HomeSafe Alliance, which holds a 72% ownership stake. HomeSafe was awarded a contract valued at $20 billion to manage global household moves for U.S. military personnel and their families. This contract covers approximately 325,000 moves annually for up to 9.5 years. The venture aims to modernize relocation processes through digital technology, resulting in significant expected financial benefits for KBR.
KBR announced a conference call scheduled for March 14, 2022, at 7:30 a.m. CT to discuss updates to its 2025 long-term targets. This announcement follows the award of the US Transportation Command's Global Household Goods Contract to a KBR-led joint venture. A presentation will be available on KBR's website prior to the call, which will also be webcast live. A replay will be accessible afterward both online and via telephone.
KBR (NYSE: KBR) announced the GAO's decision to uphold the award of the US Transportation Command's Global Household Goods Contract valued at approximately $20B for a potential 9-year term. HomeSafe Alliance will manage household goods moves for U.S. Armed Forces and their families. KBR plans to enhance relocation services through modern technology. Start-up activities will commence in mid-2022, with full performance expected in 2023. KBR anticipates this contract as a significant factor in modernizing military household goods logistics.
KBR has secured a significant contract with Shell Global Solutions International for the development of hydrogen liquefaction technology. This partnership aims to enhance large-scale hydrogen transport, aligning with Shell's net-zero emissions goal. KBR's extensive experience in hydrogen production and sustainable technologies positions it as a key player in this project. The company has previously licensed over 260 syngas projects and is committed to supporting the energy transition through innovative solutions.