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KBR Wins $61M Task Order to Support Defense Health Agency
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KBR, Inc. (KBR - Free Report) is ready to assist the Naval Information Warfare Center (“NIWC”) Atlantic with a new one-year $60.7 million task order and three one-year options on its Seaport NxG IDIQ contract.
With its solid project execution efforts, KBR’s professionals will support the Defense Health Agency's cybersecurity services and risk management framework initiatives. The contract mainly focuses on providing cybersecurity and information assurance services at locations in and outside the Continental United States.
Per the deal, the company will offer assessment and authorization execution, cyber tools development, security control assessments and cybersecurity sustainment support services to NIWC Atlantic.
Strategic Initiatives to Boost Backlog
The company has been gaining from the rising global importance of national security, energy security, energy transition and climate change. It has been benefiting from high-end and differentiated government business work, strong margin performance, technology and consulting services.
KBR's determination to reduce emissions, diversify products, improve energy efficiency and implement more sustainable technologies and solutions have been driving its performance. Demand for the company’s technologies in ammonia for food production, olefins for non-single-use plastics and refining for product diversification and more green solutions to meet tighter environmental standards have been going strong.
As of Dec 29, 2023, the total backlog (including award options of $4.4 billion) was $21.73 billion compared with $19.76 billion reported in 2022-end. Of the total backlog, Government Solutions booked $12.79 billion and the Sustainable Technology Solutions segment accounted for $4.55 billion.
Image Source: Zacks Investment Research
Shares of this Zacks Rank #3 (Hold) company have gained 11.5% in the past three months compared with the Zacks Engineering - R and D Services industry’s 13.1% growth. KBR’s earnings estimate for 2024 reflects 10% year-over-year growth.
Key Picks
Some better-ranked stocks in the Zacks Construction sector are:
The Zacks Consensus Estimate for WLDN’s 2024 sales and EPS indicates growth of 3.9% and 3.4%, respectively, from the year-ago levels.
Sterling Infrastructure, Inc. (STRL - Free Report) presently sports a Zacks Rank #1. Sterling Infrastructure has a trailing four-quarter earnings surprise of 20.4%, on average.
The Zacks Consensus Estimate for STRL’s 2024 sales and EPS indicates a rise of 11.7% and 11.4%, respectively, from the prior-year levels.
Altair Engineering Inc. (ALTR - Free Report) currently carries a Zacks Rank #2 (Buy). ALTR delivered a trailing four-quarter earnings surprise of 107%, on average.
The Zacks Consensus Estimate for ALTR’s 2024 sales and EPS indicates growth of 8.5% and 10.6%, respectively, from the prior-year reported levels.
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KBR Wins $61M Task Order to Support Defense Health Agency
KBR, Inc. (KBR - Free Report) is ready to assist the Naval Information Warfare Center (“NIWC”) Atlantic with a new one-year $60.7 million task order and three one-year options on its Seaport NxG IDIQ contract.
With its solid project execution efforts, KBR’s professionals will support the Defense Health Agency's cybersecurity services and risk management framework initiatives. The contract mainly focuses on providing cybersecurity and information assurance services at locations in and outside the Continental United States.
Per the deal, the company will offer assessment and authorization execution, cyber tools development, security control assessments and cybersecurity sustainment support services to NIWC Atlantic.
Strategic Initiatives to Boost Backlog
The company has been gaining from the rising global importance of national security, energy security, energy transition and climate change. It has been benefiting from high-end and differentiated government business work, strong margin performance, technology and consulting services.
KBR's determination to reduce emissions, diversify products, improve energy efficiency and implement more sustainable technologies and solutions have been driving its performance. Demand for the company’s technologies in ammonia for food production, olefins for non-single-use plastics and refining for product diversification and more green solutions to meet tighter environmental standards have been going strong.
As of Dec 29, 2023, the total backlog (including award options of $4.4 billion) was $21.73 billion compared with $19.76 billion reported in 2022-end. Of the total backlog, Government Solutions booked $12.79 billion and the Sustainable Technology Solutions segment accounted for $4.55 billion.
Image Source: Zacks Investment Research
Shares of this Zacks Rank #3 (Hold) company have gained 11.5% in the past three months compared with the Zacks Engineering - R and D Services industry’s 13.1% growth. KBR’s earnings estimate for 2024 reflects 10% year-over-year growth.
Key Picks
Some better-ranked stocks in the Zacks Construction sector are:
Willdan Group, Inc. (WLDN - Free Report) currently sports a Zacks Rank #1 (Strong Buy). WLDN delivered a trailing four-quarter average earnings surprise of a whopping 886.3%. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for WLDN’s 2024 sales and EPS indicates growth of 3.9% and 3.4%, respectively, from the year-ago levels.
Sterling Infrastructure, Inc. (STRL - Free Report) presently sports a Zacks Rank #1. Sterling Infrastructure has a trailing four-quarter earnings surprise of 20.4%, on average.
The Zacks Consensus Estimate for STRL’s 2024 sales and EPS indicates a rise of 11.7% and 11.4%, respectively, from the prior-year levels.
Altair Engineering Inc. (ALTR - Free Report) currently carries a Zacks Rank #2 (Buy). ALTR delivered a trailing four-quarter earnings surprise of 107%, on average.
The Zacks Consensus Estimate for ALTR’s 2024 sales and EPS indicates growth of 8.5% and 10.6%, respectively, from the prior-year reported levels.