KBR Stock Price, News & Analysis

KBR has secured a $49 million contract to enhance the CH-47 Chinook Helicopter's reliability for the U.S. Army's Cargo Helicopter Project Management Office. This cost-plus-fixed-fee task order was awarded through the DoD Information Analysis Center's multiple-award contract. The company aims to improve aircraft availability and reduce life cycle support costs over the next five years, primarily in Huntsville, Alabama. Earlier in 2020, KBR also won a $41 million award to provide technical services to PEO Aviation.

KBR has secured a contract from Monolith Materials for an ammonia synthesis loop project in Hallam, Nebraska. The contract includes a technology license, basic engineering design, proprietary equipment, and catalyst for a 930 metric ton per day ammonia facility, powered by hydrogen derived from a zero-emission process using natural gas and renewable energy. KBR's ammonia technology is recognized for its energy efficiency and reliability, positioning the company as a leader in ammonia production with over 244 plants globally. This collaboration emphasizes KBR's commitment to sustainable practices in the energy sector.

KBR has successfully launched Sinochem Quanzhou's 1,000 KTA ethylene plant in Fujian, China, marking a significant milestone despite challenges posed by the COVID-19 pandemic. The startup was achieved within 24 hours of feedstock introduction.

KBR utilized its Selective Cracking Optimum Recovery (SCORE™) technology and provided critical components for the plant, which is part of an integrated refining and petrochemical complex. KBR's extensive experience in olefin plant design supports its reputation in the industry.

KBR, a global provider of professional services, announced that Byron Bright and Alison Vasquez will present at Credit Suisse's 8th Annual Virtual Industrials Conference on December 2, 2020, at 8:50 am EST. Investors can listen to the live webcast at investors.kbr.com. KBR employs approximately 28,000 people and operates in over 40 countries, focusing on delivering technology and maintenance services across various sectors.

KBR has secured a $300 million recompete contract to deliver scientific, engineering, and technical services for the U.S. Geological Survey's EROS Center. The project, set for five years primarily in Sioux Falls, South Dakota, aims to analyze changes in the Earth’s landscape using satellite systems engineering, software development, and data acquisition. KBR has supported EROS since 2008 and will contribute to critical programs like Landsat Next. This partnership emphasizes KBR's commitment to sustainable practices and effective resource management.