KBR, Inc. (KBR) has secured a $229 million recompete task order under the Department of Defense Information Analysis Center’s multiple-award contract. This five-year contract will focus on research and analysis to improve the U.S. Army’s CH-47 Chinook helicopter systems. The project will be executed in Huntsville, AL, reinforcing KBR’s long-standing expertise in military aviation support.KBR shares gained 0.8% during the trading session yesterday.KBR’s Role in Enhancing Military ReadinessUnder this agreemen ...

Core Points - KBR has been awarded a $229 million recompete task order to provide life cycle research and analysis for U.S. Army Cargo Helicopter Systems over a five-year period [1][2] - The contract aims to enhance the availability, reliability, and reduce support costs for the CH-47 Chinook helicopter, which is vital for various military operations [2][3] - KBR has over 35 years of experience supporting the Aviation PEO and has been a 10-year incumbent on previous contracts related to U.S. Army CH-47 helicopters [4] Company Overview - KBR employs approximately 38,000 people globally and operates in over 29 countries, providing technology and engineering solutions to governments and companies [6] - The company focuses on delivering value-added services and long-term operations and maintenance services to ensure consistent delivery with predictable results [6] Industry Context - The DoDIAC program, which KBR is part of, supports the Department of Defense by providing technical data management and research to drive innovation and technological developments [5]

HOUSTON, March 17, 2025 (GLOBE NEWSWIRE) -- KBR (NYSE:KBR) announced today it has been awarded a $176M cost plus fixed-fee, indefinite delivery indefinite quantity (IDIQ) contract by the Air Force Research Laboratory (AFRL) to provide operations and equipment maintenance support to the Air Force Maui Optical and Supercomputing Site (AMOS), in Maui, Hawaii.   The single award Advanced Space Technology Research and Optimization (ASTRO) contract has a $176M ceiling and will include multiple task orders. Under ...

KBR, Inc. (KBR) has won an $85 million firm-fixed-price task award from the U.S. Air Force to design, fabricate, and deliver critical airfield damage repair kits worldwide. The contract, known as the AM-2 Matting task award, falls under the Air Force Contract Augmentation Program (AFCAP) and reinforces KBR’s expertise in global sustainment and procurement solutions.KBR’s Role in the ContractUnder the AM-2 task award, KBR will supply and deliver essential airfield matting kits to U.S. Air Force locations wor ...

HOUSTON, March 10, 2025 (GLOBE NEWSWIRE) -- KBR (NYSE: KBR) announced today it has been awarded a firm fixed price, $85M task award by the U.S. Air Force to procure, design and deliver critical training aids and airfield damage repair kits globally. The AM-2 Matting task award falls under the Air Force Contract Augmentation Program (AFCAP) contract. Under the AM-2 task award, KBR will fabricate, design, assemble, supply, package and deliver various types of airfield matting kits to U.S. Air Force locations ...

HOUSTON, Feb. 26, 2025 /PRNewswire/ -- KBR (NYSE: KBR) announced today that it has been awarded a contract for Project Management Consultancy (PMC) services by AMUFERT to support the development of its fertilizer plant in Soyo, Angola. As part of this transformative $2 billion project, KBR will provide project management services overseeing engineering, procurement, and construction phases. The 2,300 metric tons per day (MTPD) ammonia and 4,000 MTPD urea facility, is designed to enhance agricultural product ...

Business Strategy and Growth - KBR's operating model has shifted towards agile, technology-driven, solutions-oriented delivery, aiming for attractive returns and consistent growth with favorable cash conversion[25]. - Key strategic focus areas include National Security and Defense, Sustainable Energy and Industrial Technologies, and advanced digital solutions such as artificial intelligence and machine learning[26][27]. - KBR's acquisition strategy focuses on moving upmarket, expanding capabilities, and broadening customer sets across strategic growth vectors[27]. - The company plans to report new segment information starting in the first fiscal quarter of 2025 following a realignment of business segments[35]. - The company acquired LinQuest Corporation in fiscal 2024, enhancing capabilities in advanced technology solutions for defense and space missions[32]. Sustainability and Environmental Initiatives - KBR has achieved carbon neutrality annually since 2019 and has established a net-zero carbon ambition, positioning itself as an industry sustainability leader[29]. - The company has a portfolio of over 85 innovative, sustainable, proprietary process technologies aimed at promoting a cleaner, greener future[29]. - The Sustainable Technology Solutions segment includes over 85 proprietary technologies aimed at reducing emissions and accelerating energy transition[33]. - The company launched its Sustainable Aviation Fuel technology (PureSAF) in 2023 to enhance decarbonization efforts in the aviation sector[58]. - The company has developed proprietary technologies for converting natural gas to ammonia and for transforming waste plastics into commercial raw materials[58]. Financial Performance and Revenue - Government Solutions segment generated $4,382 million in revenue, accounting for 57% of consolidated revenues for the year ended January 3, 2025[40]. - U.K. government contracts contributed $674 million, representing 9% of consolidated revenues for the same period[40]. - Backlog of unfulfilled orders was estimated at $17,264 million as of January 3, 2025, with approximately 40% expected to be recognized as revenue in fiscal year 2025[49]. - The company recorded a net loss of $3 million for fiscal 2024, a net loss of $6 million for fiscal 2023, and a net gain of $4 million for fiscal 2022 in other non-operating income (expense) on consolidated statements of operations[292]. Operational Excellence and Capabilities - The company emphasizes operational expertise in areas such as C5ISR, cyber analytics, and military aviation support, catering primarily to U.S. and allied government agencies[26]. - KBR's competitive advantages include a distinctive team ethos, technical excellence, and strong customer relationships, which are essential for delivering mission-focused solutions[29]. - The company leverages advanced digital capabilities to improve operations, reliability, and environmental impact, including the use of virtual and augmented reality for training[29]. - Joint ventures include Aspire Defence Limited and Affinity, enhancing service delivery and risk diversification[41][43]. - The company operates under various contract types, including fixed-price and cost-reimbursable contracts, impacting revenue recognition and risk management[53][56]. Workforce and Talent Management - The company employs approximately 38,000 people across over 29 countries, with an additional 10,000 employees in unconsolidated joint ventures[65]. - In fiscal 2024, the company hired over 8,600 employees to support strategic growth targets[84]. - The employee participation rate in the People’s Perspective survey increased by 10% in fiscal 2024, with a significant majority reporting that KBR is a great place to work[81]. - The company’s Talent Calibration conversations covered over 5,000 employees, leading to individual career plans and enhanced succession planning[79]. - The company’s Global Leadership Development Program is expanding to develop future executive leaders through strategic thinking and executive skills training[78]. - The company has implemented a comprehensive Talent Acquisition strategy, resulting in improved process consistency and enhanced hiring capabilities[83]. Financial Position and Risk Management - Strong liquidity position allows for growth opportunities despite market fluctuations and procurement challenges[37][57]. - As of January 3, 2025, the company had $345 million of borrowings under the Revolver and $1,999 million outstanding under the term loan portions of the Senior Credit Facility[293]. - The company entered into additional interest rate swap agreements during fiscal 2024, with a notional amount of $400 million at a fixed rate of 0.89% and $350 million at a fixed rate of 3.43%[294]. - The fair value of the interest rate swaps at January 3, 2025, was a $37 million net asset, with $19 million included in other current assets and $18 million in other assets[294]. - The company had fixed rate debt aggregating $1,543 million and variable rate debt aggregating $1,051 million as of January 3, 2025[295]. - The weighted average interest rate for fiscal 2024 was 5.52%[295]. - If interest rates increase by 50 basis points, pre-tax interest expense would increase by approximately $5 million in the next twelve months[295]. Safety and Health Performance - The total recordable incident rate for health and safety performance was 0.050, indicating industry-leading safety performance[72].

KBR, Inc. (KBR) delivered a solid fourth-quarter 2024 performance, surpassing expectations on both revenues and earnings. The top and bottom lines increased on a year-over-year basis.See the Zacks Earnings Calendar to stay ahead of market-making news.KBR stock gained 2.1% during the trading session and 4.3% in the after-hours trading session yesterday, following the earnings release.KBR had a strong year, delivering revenue and earnings growth, margin expansion and maintaining its industry-leading safety re ...

KBR, Inc. (NYSE:KBR) Q4 2024 Earnings Conference Call February 24, 2025 4:00 PM ET Company Participants Jamie DuBray - VP, IR Stuart Bradie - President and CEO Mark Sopp - EVP, CFO Conference Call Participants Brent Thielman - D.A. Davidson Mariana Perez Mora - Bank of America Steven Fisher - UBS Jerry Revich - Goldman Sachs Michael Dudas - Vertical Research Andy Kaplowitz - Citigroup Sangita Jain - KeyBanc Operator Good afternoon. Thank you for attending today's KBR's Fourth Quarter and Full Year 2024 Earn ...

Company Performance - KBR Inc. reported quarterly earnings of $0.91 per share, exceeding the Zacks Consensus Estimate of $0.83 per share, and up from $0.69 per share a year ago, representing an earnings surprise of 9.64% [1] - The company posted revenues of $2.12 billion for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 8.04%, compared to $1.73 billion in the same quarter last year [2] - KBR has surpassed consensus EPS estimates in all four of the last quarters and has topped consensus revenue estimates two times over the last four quarters [2] Stock Performance and Outlook - KBR shares have declined approximately 15.2% since the beginning of the year, while the S&P 500 has gained 2.2% [3] - The current consensus EPS estimate for the upcoming quarter is $0.86 on revenues of $2.03 billion, and for the current fiscal year, it is $3.83 on revenues of $8.61 billion [7] - The estimate revisions trend for KBR is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Industry Context - KBR operates within the Zacks Engineering - R and D Services industry, which is currently ranked in the bottom 35% of over 250 Zacks industries [8] - The performance of KBR's stock may be influenced by the overall outlook for the industry, as research indicates that the top 50% of Zacks-ranked industries outperform the bottom 50% by more than 2 to 1 [8]