We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
KBR Receives Five-Year Contract Extension of Honeywell MSA
Read MoreHide Full Article
KBR, Inc. (KBR - Free Report) has received a contract extension of a Honeywell Master Services Agreement or MSA to provide professional services in metrology, global property management and quality assurance.
This firm-fixed-price contract, which is extended for five years, was originally received in 2016. KBR will continue to support Honeywell's Aerospace and Defense production sites daily operations with mainly four professional services, namely program management; metrology calibration and repair; quality-assurance first article inspections and field quality engineering; and property accountability and compliance.
Its Government Solutions unit has been delivering these services for ensuring mission success for clients on land, at sea, in the air, and in space and cyberspace.
Government Solutions Business: A Boon for KBR
The company’s Government Solutions business — which contributed 69.6% to 2019 revenues — has been serving the U.S. Air Force, Army, Navy, Marine Corps, and other federal agencies and foreign allies over the past several years.
Its innovative mission critical solutions, combining engineering, technical and scientific expertise, provide it with an edge over peers. KBR has become one of the most trusted companies to excel in complex and extreme environments.
KBR’s shares have outperformed the Zacks Engineering - R And D Services industry in the year-to-date period. Notably, the company is banking on strength across businesses to optimize growth potential. Also, steady backlog growth is adding to KBR’s bliss. It believes that a healthy balance between energy and government projects positions it well for future growth.
The company’s solid backlog level of $13.92 billion (as of Mar 31, 2020) compared with $13.6 billion at 2019-end highlights its underlying strength. Nearly 77% of the backlog represents work in Government Solutions. Further, KBR expects growth across all its key markets in the United States, U.K. and Australia, driven by persistent opportunities across the lifecycle of projects. The company has already been awarded its largest recompete for 2020.
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2021.
Image: Bigstock
KBR Receives Five-Year Contract Extension of Honeywell MSA
KBR, Inc. (KBR - Free Report) has received a contract extension of a Honeywell Master Services Agreement or MSA to provide professional services in metrology, global property management and quality assurance.
.jpg)
This firm-fixed-price contract, which is extended for five years, was originally received in 2016. KBR will continue to support Honeywell's Aerospace and Defense production sites daily operations with mainly four professional services, namely program management; metrology calibration and repair; quality-assurance first article inspections and field quality engineering; and property accountability and compliance.
Its Government Solutions unit has been delivering these services for ensuring mission success for clients on land, at sea, in the air, and in space and cyberspace.
Government Solutions Business: A Boon for KBR
The company’s Government Solutions business — which contributed 69.6% to 2019 revenues — has been serving the U.S. Air Force, Army, Navy, Marine Corps, and other federal agencies and foreign allies over the past several years.
Its innovative mission critical solutions, combining engineering, technical and scientific expertise, provide it with an edge over peers. KBR has become one of the most trusted companies to excel in complex and extreme environments.
KBR’s shares have outperformed the Zacks Engineering - R And D Services industry in the year-to-date period. Notably, the company is banking on strength across businesses to optimize growth potential. Also, steady backlog growth is adding to KBR’s bliss. It believes that a healthy balance between energy and government projects positions it well for future growth.
The company’s solid backlog level of $13.92 billion (as of Mar 31, 2020) compared with $13.6 billion at 2019-end highlights its underlying strength. Nearly 77% of the backlog represents work in Government Solutions. Further, KBR expects growth across all its key markets in the United States, U.K. and Australia, driven by persistent opportunities across the lifecycle of projects. The company has already been awarded its largest recompete for 2020.
Zacks Rank
KBR — which shares space with Gates Industrial Corporation plc (GTES - Free Report) , Quanta Services, Inc. (PWR - Free Report) and AECOM (ACM - Free Report) in the same industry — currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2021.
Click here for the 6 trades >>