KBR, Inc. ( KBR Quick Quote KBR - Free Report) has entered into a contract with Odfjell for the development of a carbon-neutral, green ammonia-based power system for a semisubmersible drilling unit owned by the latter. Per the contract, KBR will carry out study for the development through a collaboration with Odfjell, Equinor and Wartsila. The collaboration will assess the conversion of diesel generators on board drilling units to ammonia-fueled generators. Regarding the award, Jay Ibrahim, KBR president, Sustainable Technology Solutions, said, “We are excited to be a part of a collaborative effort that will fully integrate KBR's semisubmersible technology expertise, Wartsila’s power systems, and Odfjell's and Equinor's operations capabilities, all to deliver a carbon-neutral solution.” KBR has been a global leader in the ammonia market for decades. The demand for the company’s technological innovations in ammonia for food productions, olefins for non-single-use plastics, and in refining for product diversification and more green solutions to meet tighter environmental standards has been robust. The determination to lower emissions, product diversification, energy efficiency, and more sustainable technologies and solutions by KBR have been driving its performance. Shares of this global engineering, construction and services firm have advanced 2.2% year to date, outperforming the Zacks Engineering - R and D Services industry’s 12.2% decline. Image Source: Zacks Investment Research The Sustainable Technology Solutions segment continues to make progress in its profit growth strategy. However, technology business revenues decreased 7% year over year in first-half 2022 due to the company’s exit from commercial activities in Russia as well as the timing of certain ongoing projects. Nonetheless, continuous contract wins, strong project execution, a high backlog level, and potential government as well as technology businesses. The Sustainable Technology Solutions segment booked $3.71 billion in backlog during second-quarter 2022 versus $2.35 billion at 2021 end. KBR currently carries a Zacks Rank #3 (Hold). You can see . the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here Overall, as of Jun 30, 2022, the total backlog (including award options) was $19.21 billion compared to $19.71 billion at 2021 end. This solid backlog level depicts its underlying strength. Key Picks Arcosa, Inc. ( ACA Quick Quote ACA - Free Report) , currently sporting a Zacks Rank #1, is a manufacturer of infrastructure-related products and services, serving construction, energy and transportation markets. ACA’s expected earnings growth rate for 2022 is 19.7%. The Zacks Consensus Estimate for current-year earnings has improved to $2.31 per share from $2.08 over the past 30 days. United Rentals, Inc. ( URI Quick Quote URI - Free Report) , presently sporting a Zacks Rank #1, has been benefiting from a broad-based recovery of activity across its end markets served. Higher margins from rental revenues and used equipment sales are added benefits. The Zacks Consensus Estimate for URI’s 2022 earnings rose to $31.73 per share from $31.66 in the past 30 days. The estimated figure suggests 43.8% year-over-year growth. Gibraltar Industries, Inc. ( ROCK Quick Quote ROCK - Free Report) , currently carrying a Zacks Rank #2 (Buy), is benefiting from its three-pillar value creation strategy, a strong housing market and solid demand for legacy and TerraSmart businesses. ROCK’s expected earnings growth rate for 2022 is 19.4%. The Zacks Consensus Estimate for current-year earnings has increased to $3.32 from $3.30 per share over the past 30 days.