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KBR Wins Right to Train Private Astronauts at NASA Facilities
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KBR, Inc. (KBR - Free Report) recently signed a Space Act Agreement with NASA Johnson Space Center to train private astronauts at NASA facilities. This leading solutions provider to the civil, military and commercial space industry will become the first company to provide human spaceflight operation services to commercial companies using NASA's facilities and capabilities.
Terms of the Agreement
Per the deal, KBR will train private astronauts with a wide range of spaceflight tasks. These tasks will include operating onboard International Space Station (“ISS”) systems, integrating the existing ISS crew, routine operational jobs, maintaining health and performance, and responding to emergencies. Also, KBR will offer medical operations and services throughout the spaceflights.
Notably, KBR will ensure solid preparation of these astronauts, so that they can fly to the ISS and beyond.
KBR Achievements
KBR has been training and supporting NASA and ISS international partner astronauts over the years. KBR has pioneered space travel for more than half a century. Notably, the recent agreement directly supports one of the five elements of NASA's plan to open the ISS to new commercial and marketing opportunities. Markedly, the company intends to work with NASA to propel the mission to fuel a low-Earth orbit economy and advance the future of commercial space.
Importantly, KBR will further work as a subcontractor to Axiom Space to support this mission on the first commercial destination module for the ISS.
Being one of the world's largest human spaceflight support organizations, KBR currently operates at 11 NASA centers and facilities. Meanwhile, it executes International Space Station operations, performing 24/7 real-time human spaceflight command and control from the NASA Johnson Space Center Mission Control Center.
A Look at KBR’s Performance & Prospects
The contract with NASA reflects KBR’s ability to cash on big government projects to drive revenues. The company’s backlog level of $14.64 billion (as of Sep 30, 2019) highlights its underlying strength. It believes solid project execution strategy will ultimately help in margin expansion.
Shares of KBR have broadly outperformed the industry in a year’s time. Its shares have surged 61.6% compared with the industry’s growth of 14.1% in the same period, owing to ongoing contract wins, acquisitions and robust organic growth.
We believe that the recent move will further boost its performance. Particularly its Government Service segment, accounting for more than 68% of total revenues, has been performing well.
Growth in KBR’s overseas logistics and mission support programs — given higher military exercise activities, increased outsourcing of sustainment activities by the military and the ramp up of new wins — is expected to benefit the company in the long run. Moreover, higher tasking for various missile defense and other military priorities in its engineering business areas — under select IDIQ contracts — will support growth.
KBR expects growth across all key markets in the United States, the U.K. and Australia, driven by continued opportunities across the lifecycle of projects.
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This outperformance has not just been a recent phenomenon. From 2000 – 2019, while the S&P averaged +6.0% per year, our top strategies averaged up to +54.7% per year.
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KBR Wins Right to Train Private Astronauts at NASA Facilities
KBR, Inc. (KBR - Free Report) recently signed a Space Act Agreement with NASA Johnson Space Center to train private astronauts at NASA facilities. This leading solutions provider to the civil, military and commercial space industry will become the first company to provide human spaceflight operation services to commercial companies using NASA's facilities and capabilities.
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Terms of the Agreement
Per the deal, KBR will train private astronauts with a wide range of spaceflight tasks. These tasks will include operating onboard International Space Station (“ISS”) systems, integrating the existing ISS crew, routine operational jobs, maintaining health and performance, and responding to emergencies. Also, KBR will offer medical operations and services throughout the spaceflights.
Notably, KBR will ensure solid preparation of these astronauts, so that they can fly to the ISS and beyond.
KBR Achievements
KBR has been training and supporting NASA and ISS international partner astronauts over the years. KBR has pioneered space travel for more than half a century. Notably, the recent agreement directly supports one of the five elements of NASA's plan to open the ISS to new commercial and marketing opportunities. Markedly, the company intends to work with NASA to propel the mission to fuel a low-Earth orbit economy and advance the future of commercial space.
Importantly, KBR will further work as a subcontractor to Axiom Space to support this mission on the first commercial destination module for the ISS.
Being one of the world's largest human spaceflight support organizations, KBR currently operates at 11 NASA centers and facilities. Meanwhile, it executes International Space Station operations, performing 24/7 real-time human spaceflight command and control from the NASA Johnson Space Center Mission Control Center.
A Look at KBR’s Performance & Prospects
The contract with NASA reflects KBR’s ability to cash on big government projects to drive revenues. The company’s backlog level of $14.64 billion (as of Sep 30, 2019) highlights its underlying strength. It believes solid project execution strategy will ultimately help in margin expansion.
Shares of KBR have broadly outperformed the industry in a year’s time. Its shares have surged 61.6% compared with the industry’s growth of 14.1% in the same period, owing to ongoing contract wins, acquisitions and robust organic growth.
We believe that the recent move will further boost its performance. Particularly its Government Service segment, accounting for more than 68% of total revenues, has been performing well.
Growth in KBR’s overseas logistics and mission support programs — given higher military exercise activities, increased outsourcing of sustainment activities by the military and the ramp up of new wins — is expected to benefit the company in the long run. Moreover, higher tasking for various missile defense and other military priorities in its engineering business areas — under select IDIQ contracts — will support growth.
KBR expects growth across all key markets in the United States, the U.K. and Australia, driven by continued opportunities across the lifecycle of projects.
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.
Today's Best Stocks from Zacks
Would you like to see the updated picks from our best market-beating strategies? From 2017 through 2019, while the S&P 500 gained and impressive +53.6%, five of our strategies returned +65.8%, +97.1%, +118.0%, +175.7% and even +186.7%.
This outperformance has not just been a recent phenomenon. From 2000 – 2019, while the S&P averaged +6.0% per year, our top strategies averaged up to +54.7% per year.
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