Back to top

Analyst Blog

KBR Inc. (KBR) recently won a contract from the U.S. Army Corps of Engineers, Europe District, to support the first land-based ballistic missile defense system of the continent at the Deveselu Air Base of Romania. The contract comes under the purview of the U.S. Department of Defense and is worth $134 million.

Spanning a 269-acre plot, the Deveselu Air Base was jointly selected by the United States and Romania for the Aegis Ashore Missile Defense System. The project will protect North Atlantic Treaty Organization (NATO) European territories, including Romania. The Aegis Defense system will be the first land-based alternative of the Navy’s shipboard Aegis Air and Ballistic Missile Defense System.

The terms of the contract require KBR to move a four-storied radar deckhouse structure from the East Coast of the U.S. to Romania. According to the agreement, KBR will also construct various facilities and infrastructures such as roads, support buildings, communications, security and utilities. Notably, KBR will have to utilize its strong technical and project management capabilities to execute this challenging project.

Lately, KBR has won a number of contracts. The current deal is the second such contract received by KBR within a week. Earlier, the company procured a contract from TOTAL S.A. (TOT - Analyst Report) – an integrated oil and gas company – to utilize its Residuum Oil Supercritical Extraction (ROSE) technology for the latter’s Antwerp refinery in Belgium.

KBR is one of the leading global engineering, construction and services companies, supporting energy, hydrocarbon, government services, minerals, civil infrastructure, power and industrial markets.

Currently, KBR carries a Zacks Rank #4 (Sell). Better-placed stocks in the same sector that are worth look include EMCOR Group Inc. (EME - Analyst Report) and Chicago Bridge & Iron Company N.V. (CBI - Analyst Report). Both of them have a Zacks Rank #1 (Strong Buy).

Please login to Zacks.com or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research

Close

Are you a new Zacks Member or a visitor to Zacks.com?

Top Zacks Features

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
PLANAR SYST… PLNR 4.44 +5.21%
BITAUTO HOL… BITA 81.71 +5.12%
CTPARTNERS… CTP 16.66 +4.26%
CHINA BIOLO… CBPO 47.91 +3.30%
MALLINCKROD… MNK 72.94 +2.85%