KBR Stock Price, News & Analysis

KBR won a $48.5 million recompete task order from the U.S. Air Force Research Laboratory for optoelectronic technology research, focusing on advanced electronic and photonic technologies. This five-year contract will take place in Dayton, Ohio, analyzing military and commercial devices, including lasers and detectors. KBR has supported this research since 2010 and has previously achieved 45 conference presentations and four patents through collaboration with the Air Force. The work aims to drive innovation across various military applications.

KBR has secured a contract with the Alliance for Sustainable Energy to offer engineering, advisory, and evaluation services for biofuel and biorefinery projects at the National Renewable Energy Laboratory (NREL). This collaboration aims to enhance renewable energy research and aligns with KBR's commitment to sustainable technologies. The deal underscores KBR's expertise in sustainable solutions and its ongoing contribution to reducing greenhouse gas emissions.

KBR has signed a license agreement with JS Energy Limited for its K-PRO™ Propane Dehydrogenation technology, aimed at converting propane into propylene for a project in Pakistan anticipated to start in 2024. K-PRO, launched in 2019, offers advantages such as lower capital costs and environmental benefits due to its innovative catalyst that eliminates the use of costly precious metals. KBR emphasizes its commitment to sustainable technologies in response to the growing demand for propylene derivatives.

KBR has secured a $470 million contract to enhance infrastructure services at HM Naval Base Portsmouth over the next five years. In collaboration with BAE Systems, the joint venture named KBS Maritime aims to implement technology-led facilities management under the UK Ministry of Defence's Future Maritime Support Programme. This initiative is expected to generate local investment and provide crucial support for the Royal Navy. KBR continues to strengthen its naval base operations, having previously announced a contract for major infrastructure at HM Clyde Naval Base, Scotland.

KBR, Inc. (NYSE: KBR) will host a conference call to discuss its first quarter 2021 financial results on April 29, 2021, at 7:30 a.m. CT. The earnings release and presentation will be available on the company's website prior to the call. A live webcast of the call will be accessible through the Investor Relations section of the site, with a replay available post-call. KBR employs around 29,000 people worldwide and operates in over 40 countries, providing technology and engineering solutions globally.

KBR announced a 10% increase in its quarterly dividend, raising it to $0.11 per share. The dividend will be payable on April 15, 2021, to stockholders of record by April 5, 2021. This decision reflects KBR's commitment to delivering value to its shareholders. The company employs approximately 29,000 people globally and operates in over 80 countries, providing technology and engineering solutions. The press release also highlights the economic challenges posed by the COVID-19 pandemic but emphasizes the company's strategic positioning in the market.

KBR announced it has secured contracts to revamp two ammonia plants for PJSC Acron Group in Novgorod, Russia. The revamp aims to increase production capacity by over 30%, reaching 2300 MTPD for each plant. KBR will provide process technology licenses, engineering design packages, and proprietary equipment that will enhance energy efficiency and lower greenhouse gas emissions. The completion of the first project is expected in 2023. KBR's ammonia technology is widely trusted, being used in around 50% of licensed global ammonia capacity.

KBR announced the successful commissioning of an ammonia revamp project at Acron's Dorogobuzh site in Russia. This project boosted ammonia production capacity from 1,360 MTPD to 2,100 MTPD and reduced energy consumption. KBR utilized its KRES™ technology and provided comprehensive engineering and commissioning services. Approximately 50% of global ammonia capacity relies on KBR's technology, having revamped 200 ammonia plants since the 1960s. This achievement underscores KBR's commitment to delivering sustainable solutions to clients worldwide.