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 its upcoming third quarter 2024 earnings conference call, scheduled for Wednesday, October 23, 2024, at 6:30 a.m. Central Time (7:30 a.m. Eastern Time). The company plans to release its Q3 2024 earnings report and presentation prior to the call, which will be accessible on KBR's website. Investors and interested parties can join the conference call via a live webcast through the Investor Relations section of KBR's website at investors.kbr.com. For those unable to attend the live event, a replay of the webcast will be made available on the company's website, and a telephone replay can be accessed at +1 866 813 9403 using the passcode: 158025.
KBR has been awarded an estimated $113 million task order to perform aeronautical systems research, development, test and evaluation for the Air Force Life Cycle Management Center Mobility Directorate at Wright-Patterson Air Force Base, Ohio. The contract, spanning five years, was awarded under the Department of Defense Information Analysis Center's multiple-award contract vehicle.
Under this contract, KBR will provide program management analysis, engineering, logistics analysis, security and cybersecurity analysis, test and evaluation, and administrative analysis. The work will support the Future Tankers Program Office, informing programs such as Next Generation Air-refueling System (NGAS) development and the recapitalization of legacy tanker aircraft mission systems.
KBR's involvement aims to accelerate the U.S. Air Force's digital transformation journey, focusing on Digital Material Management (DMM) implementation to achieve cost and schedule savings while producing lower-risk and higher-confidence military systems with shorter timelines.
KBR announced that KTJV, its joint venture with Technip Energies, has been selected by Lake Charles LNG Export Company for the Lake Charles LNG transformation project. The project aims to convert Energy Transfer's existing import facility into a world-class LNG export facility, designed to export 16.45 metric tons per annum of LNG.
KTJV will provide comprehensive services including engineering, procurement, construction management, commissioning, and startup, subject to Lake Charles LNG's notice to proceed. The project includes three liquefaction trains and modifications to existing storage and dock facilities.
KBR's President and CEO, Stuart Bradie, emphasized the project's role in bolstering global energy security and its design as one of the most efficient and cleanest operating facilities in the United States. The final investment decision will depend on obtaining commercial offtake commitments and third-party equity.
KBR has been awarded an estimated $230 million cost-plus-fixed-fee recompete contract by the U.S. Air Force's 774th Enterprise Sourcing Squadron. The contract, under the Department of Defense Information Analysis Center's multiple-award contract vehicle, is for information systems modernization supporting Naval Air Systems Command (NAVAIR), Program Executive Office for Manpower, Logistics and Business Solutions (PEO MLB), and Commander, Fleet Readiness Centers (COMFRC).
The work will primarily be performed at Naval Air Station Patuxent River, Maryland, and Huntsville, Alabama, over a five-year period. KBR will provide optimized IT solutions across the NAVAIR enterprise, including research and development for real-time flight and maintenance information, deployable hosting solutions, and end-to-end testing of software releases and cybersecurity updates.
KBR has been awarded a $140 million follow-on task order to support the Air Force Life Cycle Management Center (AFLCMC). The 60-month cost-plus-fixed-fee recompete contract involves providing operational safety, suitability, and effectiveness engineering tasks. KBR will continue its work on F-16, A-10, and T-38 aircraft programs at Hill Air Force Base and other U.S. Air Force locations.
The company will assist in digital transformation initiatives, system engineering, and integration support for various systems. KBR will also develop prototypes for critical safety hardware using rapid prototyping capabilities. This contract reinforces KBR's long-standing partnership with the U.S. Air Force in providing sustainment engineering solutions and improving mission readiness.
KBR (NYSE: KBR) has been awarded a conceptual study contract for floating blue ammonia production by Samsung Heavy Industries (SHI), a major South Korean shipbuilder. This project is part of SHI's diversification into the ocean energy business, focusing on maritime technology. The study will combine KBR's innovative blue ammonia technology for offshore production with SHI's expertise in designing mega floating vessels.
Jay Ibrahim, KBR President of Sustainable Technology Solutions, emphasized the significance of this collaboration, stating it will provide a sustainable platform for clients to achieve energy transition objectives with greater flexibility. KBR's extensive experience in ammonia technology, having licensed, engineered, or constructed over 260 grassroot ammonia plants worldwide since 1943, positions them as a leader in this field.
KBR (NYSE: KBR) has been awarded a contract to continue providing technical design services at HMAS Stirling for Australia's sovereign nuclear-powered submarines program. This work supports the Submarine Rotational Force (SRF) – West and accelerates Australia's ability to operate and maintain its future nuclear-powered submarine fleet. KBR will integrate capabilities from Frazer Nash Consultancy to support a safety-led approach for nuclear technical solutions.
The company's expertise includes developing solutions for maritime infrastructure, low-level radioactive waste management, submarine maintenance support facilities, estate planning, digital integration, and systems engineering requirements. This contract follows KBR's previous announcement of providing concept design services for the new nuclear-powered submarine construction yard at Osborne in South Australia.
KBR (NYSE: KBR) has secured a contract to provide its ROSE® supercritical Solvent De-Asphalting (SDA) technology to Zhejiang Petroleum & Chemical Co. (ZPC), a subsidiary of Rongsheng Petrochemical Co. in China. The agreement includes technology licensing and proprietary engineering design for what will be the largest SDA unit in China.
KBR's ROSE technology is an energy-efficient process for bottom-of-the-barrel processing, designed to improve refiners' carbon footprint and upgrade residue conversion for higher profitability. With this contract, KBR reinforces its position as a global leader in SDA technology, boasting an installed base of 72 ROSE units worldwide with a combined licensed capacity of nearly 1.66 million barrels per day.
KBR has secured engineering contracts from Seatrium Group for two new high-production, energy-efficient floating production storage and offloading (FPSO) units destined for Petrobras' Atapu and Sepia fields in Brazil's Santos Basin. KBR will provide detailed engineering services and technical support for the topsides of P-84 and P-85 FPSOs, each capable of producing 225,000 barrels of oil per day and processing 10 Mm³ of gas daily.
The FPSOs will incorporate advanced technologies to minimize environmental impact, including zero routine flaring and venting, variable speed drives, and CO2 capture measures. These features aim to significantly reduce greenhouse gas emissions compared to conventional designs.
KBR (NYSE: KBR) has completed the acquisition of LinQuest , a leading provider of advanced engineering, data analytics, and digital integration for national security space missions. This acquisition strengthens KBR's capabilities in space, air dominance, and connected battlespace missions. LinQuest serves important U.S. government customers, including the U.S. Space Force, U.S. Air Force, and other defense and intelligence agencies.
The integration expands KBR's ability to meet growing customer demands and enhances its high-end digital solutions. LinQuest will be integrated into KBR's Government Solutions segment and Defense and Intel business unit. Due to the closing date, LinQuest's financial results are not expected to significantly impact KBR's Q3 2024 financial results. The full impact of the acquisition on KBR's annual guidance will be discussed during the Q3 earnings call.