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 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.
KBR has secured an estimated $88 million task order contract from the Department of Defense Information Analysis Center (DoD IAC). The five-year contract, primarily based at Naval Air Station Patuxent River, focuses on rapid prototyping of new technologies for unmanned aviation platforms. KBR will develop and integrate new technologies into existing platforms, mature designs into producible products, and demonstrate these technologies in realistic environments.
This recompete win builds on KBR's 15-year track record of supporting unmanned systems across all four UAS program offices, including platforms such as ExTUAS, MQ-4C Triton, MQ-9A Reaper, and MQ‑25A Stingray.
KBR has secured a $445 million cost-plus-fixed-fee contract for the Joint Mission Environment Test Capability (JMETC) program under the Department of Defense Information Analysis Center. This five-year recompete contract supports the Office of the Secretary of Defense's Test Resource Management Center (TRMC).
The company will enhance JMETC's capabilities by researching, assessing, and addressing test and experimentation requirements across multiple DoD locations. The JMETC environment provides infrastructure for joint distributed test events by integrating live, virtual, and constructive test resources.
Building on 24 years of support, KBR has expanded its expertise in critical technology areas including AI/ML, hypersonics, big data, cybersecurity, and event support for large force exercises.
KBR has signed an agreement with AMUFERT to develop a new ammonia plant in Soyo, Angola. The contract includes technology licensing, engineering design, equipment, and catalyst solutions for a 2,300 metric tons per day facility. The project aims to enhance food security and self-sufficiency in Angola and neighboring countries. KBR, a global leader in ammonia technology, has been involved in over 260 grassroot ammonia plants worldwide since 1943.
KBR has secured a front-end engineering design (FEED) contract for the expansion of the Qalhat LNG complex in Sur, Oman. The project involves engineering services for the complex's fourth LNG train with a capacity of 3.8 million tons per annum, including the addition or expansion of utilities, an LNG tank, jetty, and associated infrastructure. The expansion aims to enhance Oman's natural gas liquefaction capacity to meet rising global energy demands while focusing on sustainable operations.
KBR reported strong Q3 2024 financial results with revenue reaching $1.9 billion, up 10% year-over-year. Net income was $100 million, with Adjusted EBITDA of $219 million, up 18%. The company secured $3.3 billion in new bookings with a 1.2x book-to-bill ratio. Notable achievements include the strategic acquisition of LinQuest and multiple contract wins in both Government Solutions and Sustainable Technology Solutions segments. Based on strong performance, KBR raised its 2024 guidance, projecting revenue of $7.5B-$7.7B and Adjusted EBITDA of $840M-$870M.
KBR has released its 2023 Sustainability and Corporate Responsibility Report, showcasing significant progress in sustainability across its operations. The report highlights KBR's commitment to delivering sustainability-focused solutions and putting people first.
Key achievements include:
- 37% sustainability-driven revenue in 2023, totaling $2.5 billion
- Industry-leading health and safety milestones, with 93% incident-free days and a global total recordable incident rate of 0.064
- AAA ESG rating from MSCI and a Gold Sustainability Rating from Ecovadis
- Recognition as one of America's Climate Leaders by USA Today
- Certification as a Great Place to Work® in multiple countries
- Enhanced inclusion and diversity efforts through partnerships and the launch of new employee resource groups
KBR President and CEO Stuart Bradie emphasized the company's focus on creating a safer, more secure, and sustainable world while prioritizing ethical practices and employee well-being.
KBR (NYSE: KBR) has announced a regular quarterly dividend of $0.15 per share on its common stock. The dividend will be paid on January 15, 2025, to stockholders of record as of December 13, 2024. This declaration by KBR's Board of Directors demonstrates the company's commitment to returning value to its shareholders through consistent dividend payments.
KBR (NYSE: KBR) has been awarded an engineering and procurement services contract for the Beachfield Manatee upgrade, part of Shell's Manatee gas field project in Trinidad and Tobago. This follows KBR's successful delivery of front-end engineering design for the entire Manatee project.
The Manatee gas field, located in the East Coast Marine Area, supports global energy security and natural gas production, providing gas for the country's Atlantic LNG facility. KBR's involvement underscores its strong presence in the LNG market and its commitment to supporting clients in the energy transition, with gas playing a key role in the energy mix.
Jay Ibrahim, President of Sustainable Technology Solutions at KBR, emphasized the company's capabilities in energy security and its role in providing reliable natural resources to meet long-term energy needs while supporting the energy transition.