KBR will spin off its Mission Technology Solutions, or MTS, segment and form two independent, public companies with distinct products and services. KBR said Wednesday it expects the spinoff to be completed by mid-to-late 2026 through a tax-free transaction, subject to final approval by KBR’s board and other customary closing conditions. ...
NASA has awarded KBR Wyle Services a potential 10-year, $3.6 billion contract to support the Johnson Space Center’s Human Health and Performance Directorate, which performs research to determine how to mitigate astronaut health risks for future human spaceflight missions. The follow-on indefinite-delivery/indefinite-quantity Human Health and P...
KBR’s Mission Technologies Solutions, or MTS, business segment reported $1.4 billion in fiscal 2025 second-quarter revenues, up 7 percent from the prior-year period, and posted $141 million in Q2 adjusted earnings before interest, taxes, depreciation and amortization, or EBITDA, a 6 percent increase from the year-ago quarter. MTS, formerly KBR...
KBR Chief Operating Officer Byron Bright, a six-time Wash100 awardee, will step down from his position, effective July 11. The company said Wednesday Bright transitioned into the COO role in May after KBR announced in January a realignment of its portfolio into two business segments: Mission Technology Solutions, or MTS, and Sustainable Technology S...
Gabe Camarillo, former under secretary of the U.S. Army, has been appointed senior vice president of defense technology solutions at KBR. The Houston, Texas-based company said Tuesday Camarillo will lead the DTS business unit, responsible for accelerating the development and deployment of agile and innovative technologies to the government...
KBR reported a strong performance in the first quarter of 2025, with double-digit growth in both revenue and adjusted earnings before interest, taxes, depreciation and amortization, or EBITDA. Q1 2025 Financial Highlights The aerospace and defense company said Tuesday it gained revenue of $2.1 billion, up 13 percent compared to the prior year. The a...
The U.S. Navy has awarded KBR Services an indefinite-delivery/ indefinite-quantity contract worth $55.6 million to provide base operations support at U.S. military facilities across the African nation of Djibouti. The contract includes options that, if exercised, would increase the maximum dollar value of the effort to $476.8 million, the Depar...
KBR has promoted Mark Kavanaugh, most recently a senior vice president, to president of defense, intelligence and space. Kavanaugh announced his new position in a LinkedIn post published Thursday. In this capacity, he will oversee KBR’s science and space, national security solutions, and defense and technology solutions, or DTS, portfolios und...
KBR has secured an estimated $229 million recompete task order to provide life cycle research and analysis for the U.S. Army Cargo Helicopter Systems. The company said Tuesday the task order falls under the Department of Defense Information Analysis Center’s, or DODIAC, multiple-award contract, or MAC, vehicle. Task Order Details Under the DOD...
KBR reported $2.1 billion in fiscal 2024 fourth-quarter revenue, up 23 percent from the prior-year period, and saw its full-year revenues increase 11 percent to $7.7 billion, reflecting a 9 percent organic growth. Q4, Full-Year Financial Highlights In an earnings release published Monday, the Houston-based engineering contractor said Q4 net income w...
