$KBR Stock Up On Contract Wins

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KBR stock rose 2.6% in morning trading on November 8, 2021, as the company continues to pull in big contract wins.

Blackrock and Vanguard are the largest shareholders of KBR stock.

Elbit Systems Joint Venture, Affinity, Awarded $88 Million Contract for Operating Additional Training Aircraft for the Royal Air Force

HAIFA, Israel, November 8, 2021 /PRNewswire/ — Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) (“Elbit Systems”) announced today that Affinity Flying Training Services Ltd. (“Affinity”), its U.K. joint venture (“J.V.”) with Kellog, Brown and Root Ltd. (NYSE: KBR) (“KBR”), was awarded an approximately $88 million (about £65 million) contract from the U.K. Ministry of Defence (“UK MOD”) for the operation of four additional Texan T-6C aircraft for the U.K. Military Flying Training System (“UKMFTS”) program. The contract will be performed over 12 years. Elbit Systems and KBR each hold a 50% share in Affinity and will evenly benefit from the contract.

The four additional Texan T-6C aircraft will be operated predominantly from Affinity’s site at Royal Air Force (“RAF”) Valley. They will join the ten existing Texans that are already in service. The UKMFTS is the U.K.’s program to deliver and support the RAF pilot training, procurement, operations, and maintenance services. At RAF Cranwell, RAF Barkston Heath, and RAF Valley on three different types of aircraft, Affinity has delivered over 20,000 flying hours for the UKMFTS program.

Martin Fausset, CEO of Elbit Systems U.K. Ltd., said, “This contract attests to the level of satisfaction from the services and support provided by us in the UKMFTS program. We are proud to be an integral partner of the UK MOD in providing training solutions for the RAF and of the contribution to the pilots’ operational readiness and efficiency.”

HomeSafe Alliance, a KBR led Joint Venture, Secures $20B Contract to Transform U.S. Military Moving Industry with Digital Solutions

On November 5, 2021, HomeSafe Alliance LLC, a KBR (NYSE: KBR) led joint venture, was awarded the global household goods contract by the U.S. Transportation Command. The contract ceiling value is $20B with a potential nine-year term, including all options periods. HomeSafe will be the exclusive household goods move management service provider for the U.S. Armed Forces, Department of Defense civilians, and their families.

Under this contract, HomeSafe – a joint venture between KBR and Tier One Relocation – will modernize and infuse technology to improve the domestic and international relocation experience for all military personnel and their families.

“We are honored to partner with the military community around the globe,” said Alan Thompson, HomeSafe CEO. “Combining our HomeSafe Connect advanced digital solution and global program management expertise, we will dramatically improve the relocation experience for our service members, civilians, and their families. Our solution will significantly expand and reward quality performance and is an important catalyst in the transformation of the military household goods moving industry.”

KBR Secures Extension on Monitoring and Advisory Services Contract by PT Panca Amara Utama

On November 2, 2021, KBR (NYSE: KBR) announced that it had received a three-year extension for KBR INSITE® monitoring and advisory services by PT Panca Amara Utama (PAU) for its Banggai ammonia plant in Luwuk, Indonesia. Banggai was the first ammonia plant in Indonesia commissioned using KBR’s first PurifierPlus™ technology.

Under the contract terms, KBR will continue to provide its cloud-based INSITE services to proactively and remotely monitor plant operations, diagnose probable root causes for abnormal events, and recommend corrective actions based on deep-domain expertise to prevent events from progressing to unplanned shutdowns or undesired emissions.

“We are honored to continue our partnership with PAU for enabling the digital transformation of this plant,” said Jay Ibrahim, KBR President, Sustainable Technology Solutions. “KBR has provided remote monitoring and decision support services to PAU from the start-up stages, and this extended collaboration will further enhance the overall reliability, production, and energy efficiency of the plant. We aim to accelerate PAU’s digitalization journey and scale-up the overall plant operations while also helping achieve its sustainability goals with a focus on reducing carbon emission and minimizing energy usage.”

KBR combines deep process domain expertise, operations and maintenance know-how, and digital technologies to offer a holistic portfolio of solutions that enable companies to improve operational performance by reducing emissions, improving energy efficiency, and increasing productivity while reducing OPEX.

KBR Announces Third Quarter 2021 Financial Results

On October 28, 2021, KBR, Inc. (NYSE: KBR) announced its third-quarter 2021 financial results and raised its F.Y. 2021 financial guidance.

KBR reported Q3 adjusted EPS of 64c versus the consensus estimate of 57c. The company reported Q3 revenue of $1.84B versus the consensus estimate of $1.54B.

“I am pleased to announce another fantastic quarter in which KBR continues to drive operational excellence and deliver outstanding results for customers. The focus, agility, and commitment of our people have the business performing well across all key metrics – revenue, earnings, cash, awards, and safety,” said Stuart Bradie, president, and CEO of KBR. “Impressive organic growth across each of our government businesses, end-market momentum across the entire portfolio, and a significant award in the quarter to provide humanitarian support under Operation Allies Welcome combine to give us confidence in our raised 2021 earnings guidance.”

KBR, Inc. provides differentiated professional services and technologies across the asset and program life-cycle within the government services and hydrocarbons industries. The company is headquartered in Houston, Texas, and currently employs 29,000 full-time employees. The company went IPO on 2006-11-16. The firm operates through two segments: Government Solutions and Sustainable Technology Solutions. Its Government Solutions business segment provides complete life-cycle support solutions to defense, intelligence, space, aviation, and other programs and missions for military and other government agencies in the United States, the United Kingdom, and Australia. Its Sustainable Technology Solutions (STS) business segment is anchored by process technology that spans ammonia/syngas/fertilizers, chemical/petrochemicals, clean refining, and circular process/circular economy solutions. STS also includes its synergistic advisory and consulting practice focused on energy transition and net-zero carbon emission consulting, high-end engineering and professional services offerings, as well as its technology-led industrial solutions.

KBR Stock Technical Analysis

Kbr Stock

Both the short-term and long-term trends are positive. This is a very positive sign. KBR has an excellent technical rating, but the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first. Click here to sign up for email alerts on then KBR stock is a good entry.

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