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Yahoo
28-05-2025
- Business
- Yahoo
KBR Wins $476M Contract for Base Operations Support in Djibouti
KBR, Inc. KBR has secured a $476 million firm-fixed-price contract from the U.S. Navy Facilities Engineering Systems Command ('NAVFAC'). The contract involves Base Operations Support ('BOS') services at Camp Lemonnier and Chabelley Airfield in sites include the only permanent U.S. Navy base in Africa. The agreement enables the company to continue providing BOS services at both locations. KBR has worked with NAVFAC in Djibouti since 2013, supporting 24/7 base operations at Camp Lemonnier and Chabelley Airfield. This continued support has helped the Horn of Africa task force focus on building partner capacity, promoting regional stability, preventing conflict, and protecting U.S. and partner interests. The company will continue its support to NAVFAC under the new Djibouti BOS contract. Per the contract, KBR will deliver mission support services for the Combined Joint Task Force – Horn of Africa. The company will manage facility operations, airfield and security services, emergency response and basic life support, including power, water, housing and food. The contract will run from November 2025 to May also provides base operations support in Bahrain, Diego Garcia and the UAE, along with services to the U.S. Army and Air Force across Europe, Asia, the Middle East and North America. The company has supported military operations in complex locations for more than 30 years. The company offers diversified solutions across various end markets through two of its reportable segments, Government Solutions and Sustainable Technology Solutions. The rising global importance of national security, energy security, energy transition and climate change has been acting as a major tailwind. This advantage, coupled with KBR's focus on a resilient business model and efficiency-boosting initiatives, has sparked its project-winning solid backlog and option level highlight its underlying strength. As of April 4, 2025, the total backlog (including award options) was $20.5 billion compared with $21.2 billion as of Jan. 3, 2025. Of the total backlog, Mission Technology Solutions and the Sustainable Technology Solutions contributed $16.51 billion and $4.03 billion, respectively. At the end of first-quarter 2025, the company delivered a trailing 12-month book-to-bill ratio of 1.0X. Image Source: Zacks Investment Research KBR's shares have lost 9.5% year to date compared with the Zacks Engineering - R and D Services industry's 0.6% decline. Although its significant dependency on government spending is posing concerns, the increased demand for sustainable services and technology is likely to be beneficial in the upcoming period. In the first quarter of 2025, the company reported healthy bidding activity and continued success in securing strategic new contracts, signaling steady operational momentum. Earnings estimates for 2025 have increased to $3.85 per share from $3.83 over the past 30 days. The estimated figure indicates 15.3% growth from 2024. KBR currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks from the Construction sector are Sterling Infrastructure, Inc. STRL, EMCOR Group, Inc. EME and Gibraltar Industries, Inc. presently has a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks company delivered a trailing four-quarter earnings surprise of 11.5%, on average. The stock has increased 57.9% in the past year. The Zacks Consensus Estimate for Sterling's 2025 sales indicates a decrease of 1.7% and the same for earnings implies an increase of 38.5% year over currently holds a Zacks Rank #2. The company delivered a trailing four-quarter earnings surprise of 22.8%, on average. The stock has increased 20.8% in the past consensus estimate for EMCOR's 2025 sales and EPS implies an increase of 13.3% and 9.7%, respectively, from a year currently carries a Zacks Rank #2. The company delivered a trailing four-quarter earnings surprise of 3.1%, on average. The stock has lost 16.6% in the past Zacks Consensus Estimate for Gibraltar's 2025 sales and EPS implies an increase of 9.3% and 15.8%, respectively, from a year ago. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report KBR, Inc. (KBR) : Free Stock Analysis Report EMCOR Group, Inc. (EME) : Free Stock Analysis Report Gibraltar Industries, Inc. (ROCK) : Free Stock Analysis Report Sterling Infrastructure, Inc. (STRL) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
27-05-2025
- Business
- Yahoo
KBR Awarded $476M Base Operations Support Contract in Djibouti
HOUSTON, May 27, 2025 (GLOBE NEWSWIRE) -- KBR (NYSE: KBR) announced today it has been awarded a firm fixed price, $476M contract by the U.S. Navy Facilities Engineering Systems Command (NAVFAC) to continue performing Base Operations Support (BOS) services at Camp Lemonnier and Chabelley Airfield in Djibouti. This contract supports the only permanent U.S. Navy base in Africa. Under the Djibouti BOS contract, KBR will provide mission support services for the Combined Joint Task Force - Horn of Africa. As one of the Navy's largest base operations support contracts, KBR will provide full-scale support, from facility operations and maintenance to fire and emergency services to airfield and security operations for thousands of military personnel. KBR will also provide basic life support services such as power generation, water supply, housing and food services. The period of performance is November 2025 to May 2034. 'Our KBR team has worked closely with NAVFAC in Djibouti since 2013, supporting 24/7 base operations that allow the Horn of Africa task force to focus on their core mission of enhancing partner nation capacity, promoting regional stability, dissuading conflict and protecting U.S. and partner interests,' said Byron Bright, KBR Chief Operating Officer. 'We're proud to continue supporting NAVFAC under the new Djibouti BOS contract, and we're grateful to serve as The Team Behind The Mission® to over 50 U.S. military installations and sites around the globe.' In addition to Djibouti, KBR also provides base operations support to the U.S. Navy in Bahrain, Diego Garcia, and the United Arab Emirates (UAE) and to the U.S. Army and U.S. Air Force in Europe, Asia, and the Middle East, as well as in North America. KBR has provided mission-critical support to the U.S. military and allied nations for more than 30 years and operates in some of the most complex environments around the globe. 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 30 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 performance periods and project outcomes, 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: Jamie DuBrayVice President, Investor Relations713-753-5082Investors@ Philip IvyVice President, Global Communications and Marketing 713-753-3800MediaRelations@ in to access your portfolio
Yahoo
27-05-2025
- Business
- Yahoo
KBR Awarded $476M Base Operations Support Contract in Djibouti
HOUSTON, May 27, 2025 (GLOBE NEWSWIRE) -- KBR (NYSE: KBR) announced today it has been awarded a firm fixed price, $476M contract by the U.S. Navy Facilities Engineering Systems Command (NAVFAC) to continue performing Base Operations Support (BOS) services at Camp Lemonnier and Chabelley Airfield in Djibouti. This contract supports the only permanent U.S. Navy base in Africa. Under the Djibouti BOS contract, KBR will provide mission support services for the Combined Joint Task Force - Horn of Africa. As one of the Navy's largest base operations support contracts, KBR will provide full-scale support, from facility operations and maintenance to fire and emergency services to airfield and security operations for thousands of military personnel. KBR will also provide basic life support services such as power generation, water supply, housing and food services. The period of performance is November 2025 to May 2034. 'Our KBR team has worked closely with NAVFAC in Djibouti since 2013, supporting 24/7 base operations that allow the Horn of Africa task force to focus on their core mission of enhancing partner nation capacity, promoting regional stability, dissuading conflict and protecting U.S. and partner interests,' said Byron Bright, KBR Chief Operating Officer. 'We're proud to continue supporting NAVFAC under the new Djibouti BOS contract, and we're grateful to serve as The Team Behind The Mission® to over 50 U.S. military installations and sites around the globe.' In addition to Djibouti, KBR also provides base operations support to the U.S. Navy in Bahrain, Diego Garcia, and the United Arab Emirates (UAE) and to the U.S. Army and U.S. Air Force in Europe, Asia, and the Middle East, as well as in North America. KBR has provided mission-critical support to the U.S. military and allied nations for more than 30 years and operates in some of the most complex environments around the globe. 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 30 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 performance periods and project outcomes, 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: Jamie DuBrayVice President, Investor Relations713-753-5082Investors@ Philip IvyVice President, Global Communications and Marketing 713-753-3800MediaRelations@ in to access your portfolio
