KBR Lands $113M Air Force Deal To Drive Next-Gen Refueling Systems And Cybersecurity Innovation
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 24 2024
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Source: Benzinga
KBR Secures Contract: KBR, Inc. has been awarded a five-year contract worth $113 million to conduct aeronautical systems research for the Air Force Life Cycle Management Center at Wright-Patterson Air Force Base, focusing on program management, engineering services, and cybersecurity evaluations.
Stock Performance: KBR's stock has increased by over 8% in the past year, with shares trading higher at $64.93, reflecting positive investor sentiment following recent contract awards.
Analyst Views on KBR
Wall Street analysts forecast KBR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for KBR is 53.67 USD with a low forecast of 45.00 USD and a high forecast of 65.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
6 Analyst Rating
4 Buy
2 Hold
0 Sell
Moderate Buy
Current: 44.440
Low
45.00
Averages
53.67
High
65.00
Current: 44.440
Low
45.00
Averages
53.67
High
65.00
About KBR
KBR, Inc. is engaged in delivering science, technology, and engineering solutions to governments and companies around the world. The Company’s segments include Mission Technology Solutions and Sustainable Technology Solutions. The Mission Technology Solutions segment provides full life-cycle support solutions to defense, intelligence, space, aviation and other programs and missions for military and other government agencies, primarily in the United States, United Kingdom and Australia. The Sustainable Technology Solutions business segment is anchored by its portfolio of approximately 85 proprietary, sustainability-focused process technologies that reduce emissions, increase efficiency and/or accelerate and enable energy transition across the industrial base in four primary verticals: ammonia/syngas, chemical/petrochemicals, clean refining and circular process/circular economy solutions. It also offers services including advisory and consulting focused on energy security.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
