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 secured a $92.6 million contract to provide engineering and support services for counter unmanned air systems (C-UAS) at the U.S. Naval Air Warfare Center. This cost-plus-fixed-fee, indefinite-delivery contract enhances KBR's role in military ground-based air defense. The five-year project involves integrating various Navy identification systems and ensuring system maintenance and training. The work will be conducted mainly at Webster Outlying Field in Maryland, supporting broader DoD initiatives to strengthen national security.
KBR, Inc. (NYSE: KBR) announced that a subsidiary of CVR Energy, Inc. is advancing to the next phase of the KBR Solid Acid Alkylation Technology (K-SAATTM) project for its Wynnewood, Oklahoma refinery. This phase will involve KBR providing detailed engineering and equipment supply, with mechanical completion expected by late 2024. K-SAAT technology offers enhanced alkylate yield and quality compared to traditional methods. This project marks the first U.S. adoption of K-SAAT technology, which has generated significant interest globally since its initial deployment in China.
KBR, Inc. (NYSE: KBR) will host a conference call on February 22, 2021, at 7:30 a.m. CT to discuss its fourth quarter and fiscal 2020 financial results. The earnings release and presentation will be available on KBR's website prior to the call. Investors can access the call via a simultaneous webcast on KBR’s Investor Relations page, with a replay available later. KBR employs around 29,000 people globally, providing technology and engineering solutions to customers in over 80 countries.
KBR has been awarded a study by Keppel Data Centres to explore alternative hydrogen-based energy sources for data centers in Singapore. The initiative aims to support sustainable technology solutions for low to nil carbon hydrogen production. KBR collaborates with Keppel and Royal Vopak to address the growing demand for centralized data services while reducing carbon footprints. KBR's previous advisory work with Singapore's government underscores its commitment to achieving net zero carbon emissions by 2050.
KBR has secured a contract with SK E&S to provide technical advisory solutions for its hydrogen development business in South Korea. The project involves building a 30,000 metric-ton-per-annum liquefied hydrogen facility, with KBR reviewing key licensor technologies in the initial phase. This contract aligns with KBR's commitment to sustainable energy solutions and reflects its expertise in the hydrogen sector. KBR's involvement supports SK's vision of expanding its hydrogen ecosystem, positioning both companies at the forefront of the emerging eco-friendly energy market.
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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.
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