LOGCAP

KBR Awarded Global Contingency Services Multiple Award Contract with U.S. Navy

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Lundi, mai 6, 2024
Army, IDIQ, Safety, LOGCAP, Transport, Navy, KBR, Arms industry

HOUSTON, May 6, 2024 /PRNewswire/ -- KBR (NYSE: KBR) announced today it has been awarded a multiple award, Indefinite Delivery Indefinite Quantity (IDIQ) contract by the U.S.

Key Points: 
  • HOUSTON, May 6, 2024 /PRNewswire/ -- KBR (NYSE: KBR) announced today it has been awarded a multiple award, Indefinite Delivery Indefinite Quantity (IDIQ) contract by the U.S.
  • Naval Facilities Engineering Systems Command for global contingency services.
  • Under the Global Contingency Services Multiple Award Contract (GCSMAC) III, KBR will compete on IDIQ task orders to provide mission-critical support to U.S. Navy facilities around the world.
  • And with a growing emphasis on the Indo-Pacific region, KBR is positioned to expand support to the Navy in INDOPACOM."

KBR Announces First Quarter Fiscal 2024 Financial Results

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Mardi, avril 30, 2024
Hydrogen, Lithium, Heavy Equipment Transport System, Army, Indian Army Public Schools, STS, TTM, GS, LOGCAP, Health, Port, NASA, HET, Unitary state, Research, Risk management, Data science, Engineering, KBR, Ammonia, Acquisition, Royal Australian Navy, IDIQ, Electrolysis, First, Sonangol Group, EUCOM, Government

HOUSTON, April 30, 2024 /PRNewswire/ -- KBR, Inc. (NYSE: KBR) today announced its first quarter fiscal 2024 financial results.

Key Points: 
  • HOUSTON, April 30, 2024 /PRNewswire/ -- KBR, Inc. (NYSE: KBR) today announced its first quarter fiscal 2024 financial results.
  • "KBR's extraordinary team has yet again surpassed expectations, delivering outstanding first-quarter results," said Stuart Bradie, KBR's President and CEO.
  • "Our team's unwavering commitment to our customers has led to year-over-year increases across all key financial metrics, particularly in Adjusted EBITDA2 and operating cash flow.
  • Bookings during the quarter were well-aligned with our end markets across energy security, national defense, human performance, and sustainability."

KBR Awarded $771M in LOGCAP Contract Options to Provide Logistics and Life Support Services to U.S. Army EUCOM and NORTHCOM

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Lundi, avril 29, 2024
COCOM, LOGCAP, United States European Command, Carbon, KBR, Government, EUCOM

HOUSTON, April 29, 2024 /PRNewswire/ -- KBR (NYSE: KBR) announced today it has been awarded an estimated $771 million in cost-plus-fixed-fee contract options to continue mission-critical support to the U.S. Army Northern Command (NORTHCOM) and European Command (EUCOM) under the Logistics Civil Augmentation Program (LOGCAP) V contract.

Key Points: 
  • HOUSTON, April 29, 2024 /PRNewswire/ -- KBR (NYSE: KBR) announced today it has been awarded an estimated $771 million in cost-plus-fixed-fee contract options to continue mission-critical support to the U.S. Army Northern Command (NORTHCOM) and European Command (EUCOM) under the Logistics Civil Augmentation Program (LOGCAP) V contract.
  • Under the terms of the contract, KBR will continue to provide life support, equipment readiness, training and supply chain solutions to the U.S. Army.
  • In addition, KBR provides LOGCAP support to the National Training Center at Fort Irwin, California, and supports military exercises across NORTHCOM and EUCOM.
  • In Europe, KBR currently supports LOGCAP operations in Bulgaria, Germany, Italy, Kosovo, Latvia, Lithuania, Poland, Romania and Turkey.

Iraq War whistleblowers announce $108.75 million settlement with KBR over accusations of fraud, waste and abuse of taxpayer funds in Iraq

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Jeudi, juillet 6, 2023
The War, United States Department of the Army, Federal government of Iraq, Army, Justice minister, Federal court, False Claims Act, War, Government, Complaint, United States Justice Department investigation into attempts to overturn the 2020 presidential election, Phillips, Anderson, LOGCAP, Fraud, KBR, Hand, Iraq War, Oil, Pharmaceutical industry

NEW YORK, July 6, 2023 /PRNewswire/ --Two whistleblowers have announced that a 12-year litigation with KBR Services has been settled for $108.75 million, the largest cash settlement ever obtained in connection with alleged Iraq War fraud. Filed under the "qui tam" provisions of the False Claims Act, the lawsuit by former KBR employees Geoffrey Howard and Zella Hemphill Anderson alleged KBR defrauded the United States Army in connection with KBR's contract to supply troops in the War with property and materials. Despite widespread reports of billions of dollars in waste, fraud and abuse over the course of the War, no other case has successfully recovered such a substantial sum for alleged fraud.

Key Points: 
  • The settlement represents the largest recovery to date related to the Iraq War.
  • The case cites extensive evidence that KBR routinely lied to the Army, certifying that it had checked for excess material before ordering anew.
  • According to the whistleblowers, KBR was indifferent to this massive waste because the Army reimbursed KBR for all these unnecessary costs, plus profit.
  • The lawsuit alleges that KBR knowingly ordered $340 million of excess materials over the course of its performance.

KBR Successfully Settles Legacy Legal Matter

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Lundi, juillet 3, 2023
Government, Prejudice, KBR, LOGCAP, Uncertainty, Merchant Marine Atlantic War Zone Medal, The Department, New Hampshire Department of Justice, Justice, Environment, False Claims Act, NYSE, Risk, Insurance

HOUSTON, July 3, 2023 /PRNewswire/ -- KBR (NYSE: KBR) announced today that it has settled a legacy lawsuit pending in federal court, USA ex rel Howard v. KBR, Inc. et al.

Key Points: 
  • HOUSTON, July 3, 2023 /PRNewswire/ -- KBR (NYSE: KBR) announced today that it has settled a legacy lawsuit pending in federal court, USA ex rel Howard v. KBR, Inc. et al.
  • "We are pleased to put this decade-old lawsuit behind us as we close out one of our final legacy legal issues.
  • We are proud of our work on LOGCAP III and of our broader, strong record of serving the armed forces," said Stuart Bradie, KBR President and CEO.
  • "This settlement is yet another milestone in our commitment to resolve legacy legal matters and it helps reduce uncertainty and liquidity risk."

KBR Announces First Quarter 2023 Financial Results

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Lundi, mai 1, 2023
Letter, S.A, ISO, SAF, STS, EUCOM, NORTHCOM, NYSE, TTM, LNG, Acquisition, BP, Ammonia, Aviation biofuel, Liquefied natural gas, Growth, GS, LOGCAP, ESG, United States Department of the Air Force, KBR, Composite Index of National Capability, United Kingdom Space Command, CO2, Safety, Renewable energy, Airline, Risk management

HOUSTON, May 1, 2023 /PRNewswire/ -- KBR, Inc. (NYSE: KBR) today announced its first quarter 2023 financial results.

Key Points: 
  • HOUSTON, May 1, 2023 /PRNewswire/ -- KBR, Inc. (NYSE: KBR) today announced its first quarter 2023 financial results.
  • "KBR's incredible people have once again delivered outstanding results in Q1," said Stuart Bradie, KBR president and CEO.
  • "Strong underlying growth and margin expansion drove earnings performance and momentum continued with an excellent bookings quarter.
  • "Of particular note in the quarter is that our bookings were in strategic areas across our portfolio - energy security, national security, defense modernization, space and sustainability.

V2X Announces Fourth Quarter and Full-Year 2022 Results

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Jeudi, mars 2, 2023
NYSE, Kwajalein Atoll, EBITDA, CARES Act, EPS, National security, V2X, Traction, Adjustment, LOGCAP, E-6B, Acceleration, Senior, Growth, Base, Joint Functional Component Command for Space and Global Strike, INDOPACOM, Cryptocurrency, Music, Pharmaceutical industry, Bank, Pacific Ocean, Mergers and acquisitions, Vectrus, Vertex

MCLEAN, Va., March 2, 2023 /PRNewswire/ -- V2X, Inc. (NYSE:VVX) announced fourth quarter and full-year 2022 financial results.

Key Points: 
  • On July 5, 2022 ("Closing Date"), Vectrus, Inc. ("Vectrus") completed its merger ("the Merger") with Vertex Aerospace Services Holding Corp. ("Vertex"), thereby forming V2X, Inc. Fourth quarter "reported results" reflect the contributions of Vectrus and Vertex from October 1, 2022, through December 31, 2022.
  • Full year 2022 "reported results" reflect the contributions of Vectrus from January 1, 2022, through December 31, 2022, and Vertex from the Closing Date through December 31, 2022, unless otherwise noted.
  • Reported operating income of $31.0 million; adjusted operating income1 of $74.5 million
    MCLEAN, Va., March 2, 2023 /PRNewswire/ -- V2X, Inc. (NYSE:VVX) announced fourth quarter and full-year 2022 financial results.
  • Ms. Lynch continued, "In the fourth quarter, V2X leveraged its solid cash position to repay $25 million of its second lien term loan.

Fluor Reports Fourth Quarter and Full Year 2022 Results

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Mardi, février 21, 2023
Other Construction & Property, Engineering, Construction & Property, Manufacturing, EBITDA, Telephone, Depreciation, ID, Corps of Engineers, BASF, EnergySolutions, LOGCAP, Engineer, GAAP, Webcast, EPS, Gordie Howe, NuScale Power, Table, Operation, LAX, News, Ministry of Energy, PBSC Urban Solutions, Sale, Wes Edens, Iluka Resources, Cryptocurrency, LNG, Fluor

Energy Solutions reported a profit of $301 million in 2022 compared to $250 million in 2021.

Key Points: 
  • Energy Solutions reported a profit of $301 million in 2022 compared to $250 million in 2021.
  • Urban Solutions reported a profit of $3 million in 2022 compared to $38 million in 2021.
  • Mission Solutions reported a profit of $136 million in 2022 compared to $155 million a year ago.
  • New awards in 2022 increased due to a 4-year contract extension on the Department of Energy Savannah River Site in the third quarter.

KBR Wins 2022 ISOA Global Impact Award for Unprecedented Humanitarian Effort

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Jeudi, juin 16, 2022
Zero, KBR, Solution, Contract, Intellectual property, United States Department of State, Senior, Sustain, Sichan Siv, Internet access, Quick reaction force, COVID-19, Tax, SIV, Annual report, U.S. Department of Defense Strategy for Operating in Cyberspace, Government, Technology, Defense, View, Compliance, CEO, Dislocation, U.S. Securities and Exchange Commission, Special Immigrant Visa, LOGCAP, Unitary state, Naval Facilities Engineering Systems Command, Engineering, Morale, Income, United States Computer Emergency Readiness Team, OAW, Maintenance, NAVFAC, Natural gas, Food, Employment, Transport, International Stability Operations Association, U.S. European Command State Partnership Program, Documentation, Multimedia, International, NYSE, Risk, City, Terrorism, Carpet, Risk management

HOUSTON, June 16, 2022 /PRNewswire/ -- KBR, Inc. (NYSE: KBR) was awarded a 2022 Global Impact Award by the International Stability Operations Association (ISOA) for its role in Afghan Special Immigrant Visa (SIV) and Refugee Resettlement Operations (large company category).

Key Points: 
  • HOUSTON, June 16, 2022 /PRNewswire/ -- KBR, Inc. (NYSE: KBR) was awarded a 2022 Global Impact Award by the International Stability Operations Association (ISOA) for its role in Afghan Special Immigrant Visa (SIV) and Refugee Resettlement Operations (large company category).
  • Ella Studer, Senior Vice President of Readiness and Sustainment for KBR Government Solutions U.S., accepted the award on behalf of KBR at ISOA's awards dinner in Tysons, VA.
  • The award recognizes KBR for its unprecedented contribution to the humanitarian effort, known as Operation Allies Welcome (OAW), following the collapse of the Afghanistan government in August 2021.
  • Earning the 2022 ISOA Global Impact Award is both a well-earned and much-deserved achievement.

Berg & Androphy: DynCorp International, LLC and Damco U.S.A., Inc. Pay $25.4M to End False Claims Act Suit Alleging Fraud Related to Military Contract

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Mercredi, juin 15, 2022
Defense Criminal Investigative Service, Department, Veni, vidi, vici, Defense, DynCorp, Government, RA, Assistant United States Attorney, Law, Defense Contract Management Agency, LLC, LOGCAP, Berg, False Claims Act, Industry, United States Army Criminal Investigation Command, District court, Defense Contract Audit Agency, Maersk, Department of Defense Whistleblower Program, Federation, People's Law Office, LOGCAP IV, Private investigator

The settlement resolves a lawsuit against the companies filed in 2014 by two former employees of DynCorp on behalf of the federal government.

Key Points: 
  • The settlement resolves a lawsuit against the companies filed in 2014 by two former employees of DynCorp on behalf of the federal government.
  • The settlement is neither an admission of liability by DynCorp or Damco nor a concession by the relators that their claims were not well founded.
  • Also notable, the Defense Contract Management Agency and the Defense Contract Audit Agency provided extensive assistance during the case's investigative stage and throughout the litigation.
  • v. DynCorp International, LLC, et al., case number 1:14-cv-00086, in the United States District Court for the Eastern District of Texas.