KBR Stock Price, News & Analysis

KBR has announced a joint contract with Mura Technology for their Hydro-PRT plastics recycling technology, awarded by Mitsubishi Chemical Corporation in Japan. This partnership aims to promote a circular economy by converting various plastics into reprocessable materials. The technology utilizes a patented method involving supercritical steam, enabling companies to meet their ESG goals. KBR's President expressed enthusiasm over the growing global interest in Hydro-PRT. This milestone marks KBR's commitment to sustainability as they enhance business operations in plastic recycling.

KBR has secured a three-year contract to deliver INSITE® monitoring and advisory services to Iowa Fertilizer Company's plant in Wever, Iowa. This contract aims to enhance operational efficiency by diagnosing issues and recommending corrective actions to prevent unplanned shutdowns. The INSITE® service utilizes advanced cloud-based technology to monitor equipment health and operational performance. KBR's initiative aligns with its commitment to sustainability and aims to support IFCo in achieving a zero-carbon future while ensuring safe and reliable operations.

KBR (NYSE: KBR) announced its participation in several investor events in June 2021. Key executives, including Doug Kelly, Mark Sopp, and Alison Vasquez, will attend the Cowen's Sustainability & Energy Transition Summit on June 8, and the Stifel 2021 Virtual Cross Sector Insight Conference on June 10. Additionally, Byron Bright will participate in the UBS Virtual Space Summit on June 17, followed by a panel at the KeyBanc Plastics Recycling/Sustainability Spotlight on June 21. Investors can access live webcasts through KBR's investor relations website.

KBR won a $91.8 million task order to provide engineering services for the U.S. Air Force's aircraft managed by the 448th Supply Chain Management Wing. The contract focuses on addressing challenges related to aging aircraft, such as Diminishing Manufacturing Sources and Material Shortages (DMSMS), and includes analyses of electronic warfare systems. The project spans five years across multiple states. KBR aims to enhance reliability, maintainability, and supply chain performance, reflecting its ongoing support for the Defense Department's research and development since 2005.

KBR (NYSE: KBR) announced a quarterly dividend of $0.11 per share, payable on July 15, 2021, to stockholders of record by June 15, 2021. The company emphasizes its commitment to providing science, technology, and engineering solutions globally, employing approximately 29,000 people across 80 countries. KBR's operations focus on delivering predictable results through long-term services while navigating risks related to the COVID-19 pandemic and market fluctuations, as discussed in their recent filings.

KBR, Inc. (NYSE: KBR) has secured a contract to support Nigeria's first Floating Liquefied Natural Gas (FLNG) facility, aimed at fostering the country's economic growth and energy sustainability. Awarded by UTM Offshore Limited, KBR will act as Owner's Engineers, reviewing the Pre-Front End Engineering Design by JGC. This 1.2 million tonnes per annum facility represents a critical step in Nigeria's energy transition and gas monetization. KBR's extensive LNG experience will contribute to the project, aligning with UTM Offshore's decarbonization goals.

KBR has secured a $51.2 million contract from the NOAA for the development and operation of the Space Weather Follow-On (SWFO) Antenna Network. This initiative aims to enhance space weather forecasts, crucial for protecting various global infrastructure from potential solar storms. KBR will manage telemetry and command services for the planned SWFO-L1 spacecraft, set for launch in late 2024. The contract is valued at $51.2 million if fully exercised and will be executed across multiple locations, including Maryland and Virginia.

KBR, Inc. (NYSE: KBR) announced its participation in several upcoming investor conferences to engage with stakeholders. Key events include the Goldman Sachs Industrial & Materials Conference on May 12, 2021, featuring Mark Sopp and Alison Vasquez; the Jeffries Virtual IT Services Summit on May 25, 2021, with CEO Stuart Bradie; and the KeyBanc Capital Markets' Virtual Industrials & Basic Materials Conference on June 3, 2021. Interested investors can access live webcasts and additional materials on KBR's investor relations website.

KBR, Inc. (NYSE: KBR) has secured a contract to perform Front-End Engineering Design (FEED) for a new refinery facility in Nigeria for BUA Group. This contract builds on a successful feasibility study completed in 2018, reinforcing KBR's long-standing partnership with BUA. The refinery will enhance Nigeria's fuel production capabilities, decreasing reliance on imports. KBR emphasizes its commitment to sustainable technology solutions and aims to reduce greenhouse gas emissions. This award highlights KBR's leadership position in the engineering sector.