KBR Wins Spot on $866M Air Force Intelligence Advisory Contract
KBR sits 19% above its 52-week low of $29.94.
Summary
KBR's Mission Technology Solutions division has been selected for the ASTRA multiple-award IDIQ contract supporting the National Air and Space Intelligence Center. The contract carries an $866 million ceiling across all awardees over five years, with KBR providing advisory and technical services for intelligence systems. This adds to a string of recent wins for the division, including an $8 billion NSF contract in June and a $449 million Army extension in May. The award reinforces KBR's positioning in high-end defense intelligence work ahead of the planned spin-off of its Mission Technology Solutions unit. No specific task order values or revenue impact were disclosed.
At the time of this announcement, KBR was trading at $35.75 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $4.5B. The 52-week trading range was $29.94 to $52.23. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.