KBR Stock Recent News

KBR clinches a deal with the Department of Defense and maintains its solid eight-year presence with the B-52 program.

HOUSTON , June 6, 2024 /PRNewswire/ -- KBR (NYSE: KBR) announced it has been awarded an estimated $82 million cost-plus-fixed-fee task order under an IAC MAC contract by the United States Air Force (USAF) for the Air Force Life Cycle Management Center. The center supports the B-52 System Program Office (AFLCMC/WBD) P1-22-2367 at Tinker AFB, Oklahoma.

KBR benefits from continuous contract flow and solid backlog levels across businesses.

KBR clinches a deal with the Defense Health Agency, bolstering health and human performance services.

HOUSTON, May 23, 2024 /PRNewswire/ -- KBR (NYSE: KBR) announced today it has been selected as one of 11 awardees for a multiple-award, indefinite-delivery/indefinite-quantity contract by the Defense Health Agency to provide health and wellness support for military personnel and their families. KBR will have the opportunity to bid on task orders under the Medical Q Coded Support and Services Next Generation (MQS2-NG) contract, which contains a ceiling of $43 billion.

HOUSTON , May 22, 2024 /PRNewswire/ -- KBR (NYSE: KBR) and Sumitomo Chemical announced today that they have signed an alliance agreement to make KBR an exclusive licensing partner for Sumitomo Chemical's state-of-the-art propylene oxide by cumene (POC) technology. Propylene oxide is an intermediate product used primarily in the further manufacture of polyurethanes.

KBR, Inc. is expected to continue delivering strong revenue growth due to its healthy order bookings and growth drivers in its Government Solutions and Sustainable Technology Solutions segments. The company reported a 6.8% year-over-year increase in revenue in Q1 2024, driven by growth in its Government Solutions and Sustainable Technology Solutions segments. The company has good FCF generation potential which should add to earnings growth through accretive M&As and/or share buybacks.

HOUSTON , May 16, 2024 /PRNewswire/ -- KBR (NYSE: KBR) announced today that its Board of Directors has declared a regular quarterly dividend of $0.15 per share on the company's common stock, par value $0.001 per share, to be paid on July 15, 2024, to stockholders of record on June 17, 2024. About KBR We deliver science, technology and engineering solutions to governments and companies around the world.

Leon Cooperman's hedge fund pulled out of U.S. Treasuries and instead bought multi-million-dollar stakes in Singaporean technology conglomerate SEA Ltd and American outsourcing giant KBR in the first quarter of 2024, new SEC 13f filings show.

KBR's focus on achieving zero carbon emissions and developing more sustainable technologies is encouraging.