- KBR Inc KBR received a contract worth $24 million from the 94th Army Air and Missile Defense Command (94th AAMDC) in Japan.
- The signing supports KBR’s goal of expanding its support services for grassroots operations in the Indo-Pacific region.
- Under the terms, KBR will provide mission-critical base operations and infrastructure services at the communication sites Kyogamisaki and Shariki (KCS and SCS) for the next five years.
- Byron Bright, US President of KBR Government Solutions, said, “This expansion of services in Japan complements our current operations in Korea and Diego Garcia. Our team supports exercises across the region, including Thailand and the Philippines, enabling the US to maintain its strategic objectives.” positioning and strengthening its Indo-Pacific ties. We are honored to improve the lives of our military members by extending our support to US operations in Japan.”
- Earlier this month, KBR reported Q1 2023 revenue of $1.7 billion — down 0.64% year-on-year, +18% excluding OAW, beating consensus of $1.61 billion Dollar. The company was awarded $3.1 billion in bookings and options in the quarter.
- price action: KBR shares traded 0.53% lower at $58.60 at last check on Tuesday.
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