Latest news with #KBR
Globe and Mail
2 days ago
- Business
- Globe and Mail
KBR Awarded Program Management Consultancy Services Contract by TAQA Transmission
HOUSTON, July 28, 2025 (GLOBE NEWSWIRE) -- KBR (NYSE: KBR) announced today it has been awarded a Program Management Consultancy (PMC) services contract by Abu Dhabi Transmission Company PJSC (TAQA Transmission) for Phase 1 of its Nexus Scheme (Power & Water Projects). KBR will provide PMC services for the Nexus Scheme across the power and water transmission networks in multiple locations in Abu Dhabi. KBR will manage the overall execution of the various EPC packages, including supply management and associated infrastructure development. The initiation of this program is a significant step in TAQA's efforts to meet rising energy demands in UAE, while prioritizing sustainable and efficient operations. 'We are pleased to support TAQA Transmission on Project Nexus, which is a strategic investment in the innovation and digital transformation of operations and assets to meet rising energy demands sustainably,' said Jay Ibrahim, KBR President, Sustainable Technology Solutions. 'KBR is proud to be on the forefront of the energy transition by helping customers address the energy trilemma of security, sustainability and affordability.' KBR delivers best-in-class clean energy solutions worldwide. Our value-added services are customized to the needs of customers while keeping safety at the core of the operations. About KBR We 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 Statements The statements in this press release that are not historical statements, including statements regarding project performance and outcomes and future demand for the company's services, 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 reason. For further information, please contact: Investors Jamie DuBray Vice President, Investor Relations 713-753-5082 Investors@ Media Philip Ivy Vice President, Global Communications and Marketing 713-753-3800 MediaRelations@
Associated Press
5 days ago
- Business
- Associated Press
KBR Investor News: If You Have Suffered Losses in KBR, Inc. (NYSE: KBR), You Are Encouraged to Contact The Rosen Law Firm About Your Rights
NEW YORK, July 25, 2025 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of KBR, Inc. (NYSE: KBR) resulting from allegations that KBR may have issued materially misleading business information to the investing public. SO WHAT: If you purchased KBR securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses. WHAT TO DO NEXT: To join the prospective class action, go to or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. WHAT IS THIS ABOUT: On June, 20, 2025, before the market opened, KBR issued a press release entitled 'KBR Announcement on HomeSafe Alliance Global Household Goods Contract.' The press release stated that 'HomeSafe Alliance, a KBR (NYSE: KBR) Joint Venture, informed us on June 18, 2025, that U.S. Transportation Command (TRANSCOM) has terminated HomeSafe's role in the Global Household Goods Contract, a contract designed to improve the moving system for military service members and their families.' On this news, KBR stock fell $3.85 per share, or 7.2%, to close at $48.93 on June 20, 2025. WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company at the time. At the time Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers. Follow us for updates on LinkedIn: on Twitter: or on Facebook: Attorney Advertising. Prior results do not guarantee a similar outcome. ------------------------------- Contact Information: Laurence Rosen, Esq. Phillip Kim, Esq. The Rosen Law Firm, P.A. 275 Madison Avenue, 40th Floor New York, NY 10016 Tel: (212) 686-1060 Toll Free: (866) 767-3653 Fax: (212) 202-3827 [email protected]
Business Times
22-07-2025
- Business
- Business Times
Indonesia plans US$8 billion refineries contract with US firm amid tariffs deal: sources
[JAKARTA] Indonesian sovereign wealth fund Danantara plans to sign a US$8 billion engineering, procurement and construction contract with US engineering firm KBR to build 17 modular refineries, according to two sources familiar with the matter and an official economic ministry presentation seen by Reuters. The contract is part of last week's trade pact between Indonesia and the United States that led to a reduction in the threatened US proposed tariff rate to 19 per cent from 32 per cent. Indonesian Economic Minister Airlangga Hartarto, the chief negotiator of the deal, disclosed the modular refinery plan during a closed-door briefing to Indonesian business leaders on Monday (Jul 21) evening. Two sources confirmed the planned deal was mentioned in a presentation that Reuters also reviewed. Danantara and KBR, formerly known as Kellogg Brown & Root, did not immediately respond to requests for comment. No further details were given on the proposed agreement. While some details of the trade deal between the United States and Indonesia have been made public, such as increased purchases of US energy, agriculture and commercial aircraft, the proposed contract for refineries has not previously been reported. Daya Anagata Nusantara, better known as Danantara, controls over US$900 billion worth of assets and is part of an ambitious plan to grow the US$1.5 trillion economy at a rate of 8 per cent compared to the current 5 per cent. A NEWSLETTER FOR YOU Friday, 8.30 am Asean Business Business insights centering on South-east Asia's fast-growing economies. Sign Up Sign Up Also mentioned in the presentation was a potential US$2 billion 'strategic' investment to develop blue ammonia in US state Louisiana, by Indonesian chemical and textile group Indorama. But, the presentation added, the project needs tax credits to become feasible. US President Donald Trump said last week that Indonesia would buy 50 aircraft from Boeing as part of the deal. The presentation put the total value of aviation sector deals with American companies at US$14.4 billion. The potential deals between Indonesia and US could reach US$34 billion, the presentation showed, underscoring the all-out push by Jakarta to become one of the first countries in the world to clinch a deal with Washington. 'Indonesia welcomes more US business and investment to create jobs, technology transfer and to support national priority developments,' the presentation said, adding that the comparatively lower tariff for Indonesia could make it a site for regional industry relocations. Jakarta believes the fallout of the lowered tariff rate could boost its GDP growth by 0.5 percentage points, the presentation said. Apple and General Electric were also mentioned in the presentation as US firms that will benefit from relaxed local content requirements for US information and communication technology goods and medical devices. Indonesia's local content rules make it mandatory to have a certain percentage of products made in-country, and have been previously seen as too stringent by some foreign businesses looking to enter the world's fourth most populous country. The South-east Asian country banned iPhone 16 sales last year as Apple failed to meet composition requirements. The ban was lifted only following the company's more than US$300 million investment plan. REUTERS
Reuters
22-07-2025
- Business
- Reuters
Exclusive: Indonesia plans $8 bln refineries contract with US firm amid tariffs deal, sources say
JAKARTA, July 22 (Reuters) - Indonesian sovereign wealth fund Danantara plans to sign an $8 billion engineering, procurement and construction contract with U.S. engineering firm KBR Inc (KBR.N), opens new tab to build 17 modular refineries, according to two sources familiar with the matter and an official economic ministry presentation seen by Reuters. The contract is part of last week's trade pact between Indonesia and the United States that led to a reduction in the threatened U.S. proposed tariff rate to 19% from 32%. Indonesian Economic Minister Airlangga Hartarto, the chief negotiator of the deal, disclosed the modular refinery plan during a closed-door briefing to Indonesian business leaders on Monday evening. Two sources confirmed the planned deal was mentioned in a presentation that Reuters also reviewed. Danantara and KBR Inc, formerly known as Kellogg Brown & Root, did not immediately respond to requests for comment. While some details of the trade deal between the United States and Indonesia have been made public, such as for increased energy cooperation, the proposed contract for refineries has not previously been reported.
Iraq Business
21-07-2025
- Business
- Iraq Business
KBR Secures Two-Year Contract Extension at Majnoon Oil Field
By John Lee. KBR has announced the renewal of its engineering, procurement, and construction management (EPCM) contract with Basra Oil Company (BOC) for the Majnoon oil field in Iraq, extending the agreement for another two years. Under the contract, KBR will continue delivering EPCM services to support production targets, enhance operational efficiency, improve safety, and increase local content. Jay Ibrahim, President of KBR Sustainable Technology Solutions, emphasised KBR's role in advancing the sustainable development of the Majnoon field, a key national asset. Mr. Kadhim Kareem, CEO of the Majnoon Field at BOC, confirmed KBR's status as a strategic partner in delivering safe and efficient projects that support the field's long-term development. Days earlier, the US-based firm was awarded a front-end engineering design (FEED) contract by KAR Electrical Power Production Trading FZE (KEPPT) for the development of a major fertilizer facility in Basra. (Source: KBR)
