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 announced the unanimous election of Lt. General Wendy M. Masiello as Lead Independent Director, effective from the company's 2025 annual meeting of stockholders in May 2025. Lt. General Masiello, who has served on KBR's Board since August 2017, currently chairs the Cybersecurity Committee and serves on the Compensation Committee and Sustainability & Corporate Responsibility Committee.
As a three-star General of the U.S. Air Force, Masiello brings extensive experience and deep understanding of KBR's strategic vision and operations. The appointment follows a thorough Board evaluation process, with KBR Chair General Lester L. Lyles highlighting Masiello's leadership capabilities, operations experience, and accomplished government career as key qualifications for the role.
The Board has also enhanced the Lead Independent Director duties, which are detailed in the Company's Corporate Governance Guidelines.
KBR (NYSE: KBR) has announced a quarterly dividend declaration of $0.165 per share on the company's common stock. The dividend will be paid on April 15, 2025, to stockholders of record as of March 14, 2025. The dividend applies to KBR's common stock with a par value of $0.001 per share.
KBR has announced its participation in two major investor conferences in February 2025. At the TD Cowen 46th Annual Aerospace and Defense Conference, Executive VP & CFO Mark Sopp and VP of Investor Relations Jamie DuBray will engage in a fireside chat on February 12, 2025, at 11:30 a.m. ET. This session will be accessible via live webcast through KBR's Investor Relations website at investors.kbr.com.
Additionally, Jamie DuBray will represent KBR at Citi's 2025 Global Industrial Tech and Mobility Conference on February 19, 2025, participating in investor meetings.
KBR (NYSE: KBR) has secured a contract from Weardale Lithium to develop one of Europe's most advanced lithium brine extraction demonstration facilities in Eastgate, County Durham, UK. The project combines KBR's PureLi® technology with Geolith SAS' Li-Capt® Direct Lithium Extraction (DLE) technology to produce battery-grade lithium carbonate from geothermal groundwater.
The facility is designed to scale up to a commercial production target of 10,000 tons per annum, with initial battery-grade lithium carbonate production expected in early 2026. The project is projected to contribute over £1bn to the North East England economy and is recognized in the UK Government's Critical Minerals Strategy as important for the country's transition to a net-zero economy.
KBR has secured a $187M task order from the U.S. Department of State to deliver medical support services in Iraq. The Medical Support Services Iraq (MedSSI) task order, operating under the Diplomatic Platform Support Services (DiPSS) contract, will run for five years through 2029.
Under this contract, KBR will manage a Diplomatic Support Hospital and four clinics supporting the U.S. Embassy in Iraq, serving over 4,000 personnel. The company will provide comprehensive medical care including primary, urgent, and emergency services. The medical team will offer specialized care in areas such as surgery, orthopedics, neurology, gynecology, radiology, emergency medicine, critical care, mental health and triage.
This marks KBR's first medical support contract with the State Department, building on their experience providing health services to NASA and U.S. military personnel.
KBR has secured a contract to support Saudi Aramco's Master Expansion Program, focusing on increasing gas handling capacity at key regional locations through 2028. The project involves enhancing the capacity of Shaybah field's four Gas-Oil Separation Plants (GOSPs), power plant, and well injection facilities.
The initiative emphasizes sustainability through integration of carbon-free energy alternatives, carbon capture, and gas reinjection to reduce emissions. The project includes optimizing existing equipment and evaluating a greenfield facility to support Saudi Aramco's 2060 net-zero goals.
KBR's involvement in Saudi Arabia extends over four decades, contributing to energy, infrastructure, and sustainability sectors in alignment with Saudi Arabia's Vision 2030.
KBR has secured a global agreement with BP International for engineering, procurement and construction management (EPCM) services. The three-year contract, with a potential two-year extension option, covers both conventional and new energy sector projects worldwide, including onshore, offshore, greenfield, and brownfield developments.
The agreement builds upon KBR's 70-year relationship with BP and expands their existing engineering services partnership. Project teams will collaborate across multiple global locations, including Houston, Baku, India, Abu Dhabi, Oman, Singapore, Perth, and London. KBR has previously supported BP's projects in the U.S., North Sea, Iraq, Africa, and Azerbaijan, providing both EPCM services and licensed technology solutions.
KBR has announced its upcoming fourth quarter and fiscal 2024 earnings conference call, scheduled for Monday, February 24, 2025, at 3:00 p.m. Central Time (4:00 p.m. Eastern Time). The company will release its Q4 2024 earnings report and presentation before the call, making them available on the corporate website. Investors can access the conference call through a live webcast on the Investor Relations section at investors.kbr.com. Following the call, a replay will be accessible via the website or by phone at +1.866.813.9403 using passcode 718317.
KBR announced significant organizational changes and executive appointments to advance its strategic direction. The company is realigning its segments, with Government Solutions being renamed to Mission Technology Solutions (MTS), while Sustainable Technology Solutions (STS) retains its name. The legacy GS International business unit will be integrated into both segments.
Key executive changes include Byron Bright being appointed as Chief Operating Officer effective May 2025, and Stuart Bradie becoming Chair following the 2025 Annual Meeting. The company reaffirmed its 2027 financial targets, including consolidated revenues of $11.5 billion, Adjusted EBITDA of $1.15+ billion, and Operating Cash Flow of $700+ million. Both MTS and STS segments are targeting revenue CAGR of 11-15%, with Adjusted EBITDA margins of 9-10% and ~20% respectively.
KBR (NYSE: KBR) has been selected to provide its ammonia technology for Kazakhstan's first world-scale fertilizer complex. The company will deliver a technology license, proprietary engineering design, equipment, and catalyst solutions for KazAzot's 2,000 metric tons per day ammonia plant in Aktau. The project aims to address food security needs in Kazakhstan and neighboring countries.
KBR's PurifierTM ammonia technology is designed to provide enhanced operational efficiency and lower carbon footprint compared to conventional technologies. The company has licensed, engineered, or constructed over 260 grassroot ammonia plants worldwide since 1943.