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KBR Wins Air Force Deal to Study Biomedical Impacts on Airmen
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KBR, Inc. (KBR - Free Report) received a 3-year $20-million contract to continue providing its support to one of the units of the Air Force Research Laboratory (AFRL), the 711th Human Performance Wing.
Per this cost-plus-fixed-fee deal, KBR will provide its health and human performance research and development (R&D) services to AFRL at Wright-Patterson Air Force Base. KBR’s human health and performance specialists will investigate airmen’s readiness to include the biomedical impacts of air and space and cognitive and physiological performance. KBR will support aerospace physiology research in Wright-Patterson's new centrifuge and research altitude chambers facilities in Ohio, as well as Neurology, Operational Vision and Enroute Care studies.
Byron Bright, president of KBR’s Government Solutions (GS) U.S., stated, "As a part of KBR's Zero Harm culture, the well-being of our service members is always top priority. Our team is excited to participate in this critical research to advance the military's understanding of the capabilities of the human body."
KBR has been supporting medical research and testing with a focus on human health and performance for more than 40 years. For the past 10 years, KBR at Brooks Air Force Base in San Antonio, TX, has been the lead test and evaluation provider for aircraft and personal high-altitude oxygen and protection systems within the industry and the Department of Defense and NASA.
KBR’s Robust GS Business to Aid Business
KBR is a leader in advancing the U.S. military’s air, space, cyber and missile defense systems. The company’s Government Solutions unit has been performing pretty well. The GS business has been banking on on-contract growth in logistics and engineering, take-away wins and new work awarded under the company’s portfolio of well-positioned contracting vehicles.
Strength in KBR’s overseas logistics and mission support programs on the back of higher military exercise activities, increased outsourcing of sustainment activities by the military and the ramp-up of the new wins led to the upside. Further, higher tasking for various missile defense and other military priorities in its engineering business areas under select IDIQ contracts also led to the upside.
Image Source: Zacks Investment Research
KBR’s shares have gained 1.6% this year against the Zacks Engineering - R and D Services industry’s 7% fall. KBR’s solid prospects are backed by continuous contract wins, strong project execution, backlog level and potential government and technology businesses.
Primoris Services Corp. (PRIM - Free Report) , currently carrying a Zacks Rank #2, provides a wide range of construction, fabrication, maintenance, replacement and engineering services.
PRIM’s 2022 earnings are likely to rise 19.4%. The company’s earnings estimates have increased to $2.59 from $2.49 per share over the past 60 days.
Dycom Industries, Inc. (DY - Free Report) is benefiting from higher demand for network bandwidth and mobile broadband, extended geography, proficient program management and network planning services. Persistent impacts of a large customer program complexity, lower year-over-year revenues related to other large customers and higher fuel costs are a concern.
The prospects of the Telecommunication business look good, given increased customers’ need to expand capacity and improve the performance of the existing networks and in certain instances, deploy new networks. Dycom expects considerable opportunities across a broad array of customers.
Dycom’s, currently carrying a Zacks Rank #3, earnings for fiscal 2023 are expected to grow 96.7%.
Toll Brothers Inc. (TOL - Free Report) , currently carrying a Zacks Rank #2, mostly offers luxury homes and its communities are located in prosperous suburban areas with easy access to major cities.
TOL’s expected earnings growth rate for fiscal 2022 is 53.7%. The consensus mark for its fiscal 2022 earnings has moved up to $10.19 per share from $9.87 in the past 60 days.
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KBR Wins Air Force Deal to Study Biomedical Impacts on Airmen
KBR, Inc. (KBR - Free Report) received a 3-year $20-million contract to continue providing its support to one of the units of the Air Force Research Laboratory (AFRL), the 711th Human Performance Wing.
Per this cost-plus-fixed-fee deal, KBR will provide its health and human performance research and development (R&D) services to AFRL at Wright-Patterson Air Force Base. KBR’s human health and performance specialists will investigate airmen’s readiness to include the biomedical impacts of air and space and cognitive and physiological performance. KBR will support aerospace physiology research in Wright-Patterson's new centrifuge and research altitude chambers facilities in Ohio, as well as Neurology, Operational Vision and Enroute Care studies.
Byron Bright, president of KBR’s Government Solutions (GS) U.S., stated, "As a part of KBR's Zero Harm culture, the well-being of our service members is always top priority. Our team is excited to participate in this critical research to advance the military's understanding of the capabilities of the human body."
KBR has been supporting medical research and testing with a focus on human health and performance for more than 40 years. For the past 10 years, KBR at Brooks Air Force Base in San Antonio, TX, has been the lead test and evaluation provider for aircraft and personal high-altitude oxygen and protection systems within the industry and the Department of Defense and NASA.
KBR’s Robust GS Business to Aid Business
KBR is a leader in advancing the U.S. military’s air, space, cyber and missile defense systems. The company’s Government Solutions unit has been performing pretty well. The GS business has been banking on on-contract growth in logistics and engineering, take-away wins and new work awarded under the company’s portfolio of well-positioned contracting vehicles.
Strength in KBR’s overseas logistics and mission support programs on the back of higher military exercise activities, increased outsourcing of sustainment activities by the military and the ramp-up of the new wins led to the upside. Further, higher tasking for various missile defense and other military priorities in its engineering business areas under select IDIQ contracts also led to the upside.
Image Source: Zacks Investment Research
KBR’s shares have gained 1.6% this year against the Zacks Engineering - R and D Services industry’s 7% fall. KBR’s solid prospects are backed by continuous contract wins, strong project execution, backlog level and potential government and technology businesses.
Zacks Rank & Other Key Picks
Currently, KBR carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Primoris Services Corp. (PRIM - Free Report) , currently carrying a Zacks Rank #2, provides a wide range of construction, fabrication, maintenance, replacement and engineering services.
PRIM’s 2022 earnings are likely to rise 19.4%. The company’s earnings estimates have increased to $2.59 from $2.49 per share over the past 60 days.
Dycom Industries, Inc. (DY - Free Report) is benefiting from higher demand for network bandwidth and mobile broadband, extended geography, proficient program management and network planning services. Persistent impacts of a large customer program complexity, lower year-over-year revenues related to other large customers and higher fuel costs are a concern.
The prospects of the Telecommunication business look good, given increased customers’ need to expand capacity and improve the performance of the existing networks and in certain instances, deploy new networks. Dycom expects considerable opportunities across a broad array of customers.
Dycom’s, currently carrying a Zacks Rank #3, earnings for fiscal 2023 are expected to grow 96.7%.
Toll Brothers Inc. (TOL - Free Report) , currently carrying a Zacks Rank #2, mostly offers luxury homes and its communities are located in prosperous suburban areas with easy access to major cities.
TOL’s expected earnings growth rate for fiscal 2022 is 53.7%. The consensus mark for its fiscal 2022 earnings has moved up to $10.19 per share from $9.87 in the past 60 days.