Latest news with #ACMIProperties
Yahoo
23-05-2025
- Business
- Yahoo
KBR signs LOI to develop spaceflight food lab near Johnson Space Center
KBR (KBR) has signed a letter of intent, or LOI, with ACMI Properties to grow KBR's commercial space capabilities including a human spaceflight food laboratory at NASA's Exploration Park, adjacent to Johnson Space Center. The 45,000 square-foot, Houston-based facility would serve the growing commercial low-Earth orbit industry where tailorable astronaut food systems and solutions will be designed, tested, validated, produced, and integrated into customer mission environments. With a strategic location at NASA's Exploration Park, and in collaboration with ACMI Properties who specialize in building mission critical infrastructure, KBR expects to set new benchmarks along with the co-located Exploration Park innovators feeding the needs of LEO, Moon, and Mars providers as humanity pursues destiny. In addition to supporting human spaceflight programs, the facility is targeting applications that supply goods, services, or technologies where advanced food safety, packaging, and lifecycle management solutions for humans in extreme and performance-driven environments are key considerations for mission success. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See Insiders' Hot Stocks on TipRanks >> Read More on KBR: Disclaimer & DisclosureReport an Issue KBR Stockholders Approve Key Proposals at Annual Meeting Cooperman's Omega buys Sunoco, exits Arbor and Blue Owl in Q1 KBR price target raised to $63 from $59 at KeyBanc KBR Inc. Reports Strong Q1 2025 Financial Performance KBR Inc's Earnings Call Highlights Strong Growth and Resilience
Business Insider
23-05-2025
- Business
- Business Insider
KBR signs LOI to develop spaceflight food lab near Johnson Space Center
KBR (KBR) has signed a letter of intent, or LOI, with ACMI Properties to grow KBR's commercial space capabilities including a human spaceflight food laboratory at NASA's Exploration Park, adjacent to Johnson Space Center. The 45,000 square-foot, Houston-based facility would serve the growing commercial low-Earth orbit industry where tailorable astronaut food systems and solutions will be designed, tested, validated, produced, and integrated into customer mission environments. With a strategic location at NASA's Exploration Park, and in collaboration with ACMI Properties who specialize in building mission critical infrastructure, KBR expects to set new benchmarks along with the co-located Exploration Park innovators feeding the needs of LEO, Moon, and Mars providers as humanity pursues destiny. In addition to supporting human spaceflight programs, the facility is targeting applications that supply goods, services, or technologies where advanced food safety, packaging, and lifecycle management solutions for humans in extreme and performance-driven environments are key considerations for mission success. Confident Investing Starts Here:
Yahoo
23-05-2025
- Business
- Yahoo
KBR Signs Letter of Intent to Develop Spaceflight Food Lab at Exploration Park Near Johnson Space Center
HOUSTON, May 22, 2025 (GLOBE NEWSWIRE) -- KBR (NYSE: KBR), a leader in human spaceflight expertise for more than 60 years, has signed a letter of intent with ACMI Properties to grow KBR's commercial space capabilities including a human spaceflight food laboratory at NASA's Exploration Park, adjacent to Johnson Space Center. The 45,000 square-foot, Houston-based facility would serve the growing commercial low-Earth orbit (LEO) industry where tailorable astronaut food systems and solutions will be designed, tested, validated, produced, and integrated into customer mission environments. 'This KBR-led capability is expected to serve as a critical resource for NASA and its provider community by delivering safe, expertly developed food solutions tailored for human performance on spaceflight missions,' said Mark Kavanaugh, KBR President, Defense, Intel and Space. 'Our commitment to fulfilling and exceeding all human performance needs—including behavioral health and performance—will be at the forefront of this endeavor and will provide a level of integration across all pre-flight, in-flight, and post-flight mission phases that serves a multitude of mission models, durations, and complexities.' KBR is committed to supporting the space industry with safe and expert-developed food systems, enhancing human performance, and promoting the well-being of astronauts and space professionals. With a strategic location at NASA's Exploration Park, and in collaboration with ACMI Properties who specialize in building mission critical infrastructure, KBR expects to set new benchmarks along with the co-located Exploration Park innovators feeding the needs of LEO, Moon, and Mars providers as humanity pursues destiny. In addition to supporting human spaceflight programs, the facility is targeting applications that supply goods, services, or technologies where advanced food safety, packaging, and lifecycle management solutions for humans in extreme and performance-driven environments are key considerations for mission success. About KBRWe deliver science, technology and engineering solutions to governments and companies around the world. KBR employs approximately 38,000 people worldwide with customers in more than 80 countries and operations in over 29 countries. KBR is proud to work with its customers across the globe to provide technology, value-added services, and long-term operations and maintenance services to ensure consistent delivery with predictable results. At KBR, We Deliver. Visit Forward Looking StatementsThe statements in this press release that are not historical statements, including statements regarding the company's letter of intent with ACMI Properties and the development and capabilities of the proposed facility, are forward-looking statements within the meaning of the federal securities laws. These statements are subject to numerous risks, uncertainties and assumptions, many of which are beyond the company's control, that could cause actual results to differ materially from the results expressed or implied by the statements. These risks, uncertainties and assumptions include, but are not limited to, those set forth in the company's most recently filed Annual Report on Form 10-K, any subsequent Form 10-Qs and 8-Ks and other U.S. Securities and Exchange Commission filings, which discuss some of the important risks, uncertainties and assumptions that the company has identified that may affect its business, results of operations and financial condition. Due to such risks, uncertainties and assumptions, you are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof. Except as required by law, the company undertakes no obligation to revise or update publicly any forward-looking statements for any further information, please contact: Jamie DuBrayVice President, Investor Relations713-753-5082Investors@ Philip IvyVice President, Global Communications and Marketing 713-753-3800MediaRelations@
Yahoo
22-05-2025
- Business
- Yahoo
KBR Signs Letter of Intent to Develop Spaceflight Food Lab at Exploration Park Near Johnson Space Center
HOUSTON, May 22, 2025 (GLOBE NEWSWIRE) -- KBR (NYSE: KBR), a leader in human spaceflight expertise for more than 60 years, has signed a letter of intent with ACMI Properties to grow KBR's commercial space capabilities including a human spaceflight food laboratory at NASA's Exploration Park, adjacent to Johnson Space Center. The 45,000 square-foot, Houston-based facility would serve the growing commercial low-Earth orbit (LEO) industry where tailorable astronaut food systems and solutions will be designed, tested, validated, produced, and integrated into customer mission environments. 'This KBR-led capability is expected to serve as a critical resource for NASA and its provider community by delivering safe, expertly developed food solutions tailored for human performance on spaceflight missions,' said Mark Kavanaugh, KBR President, Defense, Intel and Space. 'Our commitment to fulfilling and exceeding all human performance needs—including behavioral health and performance—will be at the forefront of this endeavor and will provide a level of integration across all pre-flight, in-flight, and post-flight mission phases that serves a multitude of mission models, durations, and complexities.' KBR is committed to supporting the space industry with safe and expert-developed food systems, enhancing human performance, and promoting the well-being of astronauts and space professionals. With a strategic location at NASA's Exploration Park, and in collaboration with ACMI Properties who specialize in building mission critical infrastructure, KBR expects to set new benchmarks along with the co-located Exploration Park innovators feeding the needs of LEO, Moon, and Mars providers as humanity pursues destiny. In addition to supporting human spaceflight programs, the facility is targeting applications that supply goods, services, or technologies where advanced food safety, packaging, and lifecycle management solutions for humans in extreme and performance-driven environments are key considerations for mission success. About KBRWe deliver science, technology and engineering solutions to governments and companies around the world. KBR employs approximately 38,000 people worldwide with customers in more than 80 countries and operations in over 29 countries. KBR is proud to work with its customers across the globe to provide technology, value-added services, and long-term operations and maintenance services to ensure consistent delivery with predictable results. At KBR, We Deliver. Visit Forward Looking StatementsThe statements in this press release that are not historical statements, including statements regarding the company's letter of intent with ACMI Properties and the development and capabilities of the proposed facility, are forward-looking statements within the meaning of the federal securities laws. These statements are subject to numerous risks, uncertainties and assumptions, many of which are beyond the company's control, that could cause actual results to differ materially from the results expressed or implied by the statements. These risks, uncertainties and assumptions include, but are not limited to, those set forth in the company's most recently filed Annual Report on Form 10-K, any subsequent Form 10-Qs and 8-Ks and other U.S. Securities and Exchange Commission filings, which discuss some of the important risks, uncertainties and assumptions that the company has identified that may affect its business, results of operations and financial condition. Due to such risks, uncertainties and assumptions, you are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof. Except as required by law, the company undertakes no obligation to revise or update publicly any forward-looking statements for any further information, please contact: Jamie DuBrayVice President, Investor Relations713-753-5082Investors@ Philip IvyVice President, Global Communications and Marketing 713-753-3800MediaRelations@
