KBR

KBR Awarded Engineering Services Contract by First State Hydrogen

Retrieved on: 
Tuesday, April 9, 2024

HOUSTON, April 9, 2024 /PRNewswire/ -- KBR (NYSE: KBR) announced today it has been awarded an engineering services contract by First State Hydrogen, Inc. to support the feasibility and development of its first clean hydrogen production facility in the U.S. mid-Atlantic region.

Key Points: 
  • HOUSTON, April 9, 2024 /PRNewswire/ -- KBR (NYSE: KBR) announced today it has been awarded an engineering services contract by First State Hydrogen, Inc. to support the feasibility and development of its first clean hydrogen production facility in the U.S. mid-Atlantic region.
  • KBR will provide engineering services to study the feasibility of developing a clean hydrogen production facility through electrolysis powered by renewable energy.
  • The study is part of First State Hydrogen's vision to provide clean hydrogen for Delaware and the U.S. mid-Atlantic and help the region meet its sustainability goals.
  • "This is an important step for First State Hydrogen as we start laying the groundwork for a clean hydrogen facility that will drive our mission to responsibly and safely advance the clean hydrogen economy and create a more sustainable future," said Dora Cheatham, VP Sales & Commercialization, First State Hydrogen.

KBR Awarded over $450M in Systems Engineering, Acquisition, Research & Development and Operations Support Contracts

Retrieved on: 
Monday, April 8, 2024

HOUSTON, April 8, 2024 /PRNewswire/ -- KBR (NYSE: KBR) announced that it has been awarded new contracts estimated at more than $450 million to deliver highly technical systems engineering support and services to the U.S. Government.

Key Points: 
  • HOUSTON, April 8, 2024 /PRNewswire/ -- KBR (NYSE: KBR) announced that it has been awarded new contracts estimated at more than $450 million to deliver highly technical systems engineering support and services to the U.S. Government.
  • Under the terms of these contracts, KBR will provide systems engineering, acquisition support, phenomenology expertise and data science, as well as applied research, communications security infrastructure, operations and maintenance support.
  • These contracts focus on sustaining both space and ground systems, enhancing acquisition efficiency via digital engineering, [and?]
  • Additional focus items include providing architecting, engineering and analysis services to support delivery of enterprise capabilities and support to satellite operations.

KBR Purifier Ammonia Technology Selected by El Nasr Company for Intermediate Chemicals in Egypt

Retrieved on: 
Wednesday, April 3, 2024

HOUSTON, April 3, 2024 /PRNewswire/ -- KBR (NYSE: KBR) announced today that its Purifier™ ammonia technology was selected by Wuhuan Engineering Co. Ltd. for the expansion of El Nasr Company for Intermediate Chemicals' (NCIC) fertilizer complex in Egypt.

Key Points: 
  • HOUSTON, April 3, 2024 /PRNewswire/ -- KBR (NYSE: KBR) announced today that its Purifier™ ammonia technology was selected by Wuhuan Engineering Co. Ltd. for the expansion of El Nasr Company for Intermediate Chemicals' (NCIC) fertilizer complex in Egypt.
  • Under the terms of the contract, KBR will provide the technology license, proprietary engineering design and proprietary equipment for NCIC's 1,200 metric tonnes per day ammonia plant.
  • "We are pleased to be a part of this project and support El Nasr Company for Intermediate Chemicals' growth in the fertilizer sector by providing our sustainable and superior Purifier technology," said Jay Ibrahim, President, KBR Sustainable Technology Solutions.
  • KBR is a world leader in ammonia technology and has been at the forefront of innovation in the ammonia market for decades.

KBR to Hold First Quarter 2024 Earnings Conference Call

Retrieved on: 
Tuesday, April 2, 2024

HOUSTON, April 2, 2024 /PRNewswire/ -- KBR (NYSE: KBR) announced today that it will host a conference call to discuss its first quarter 2024 financial results on Tuesday, April 30, 2024, at 7:30 a.m. Central Time (8:30 a.m. Eastern Time).

Key Points: 
  • HOUSTON, April 2, 2024 /PRNewswire/ -- KBR (NYSE: KBR) announced today that it will host a conference call to discuss its first quarter 2024 financial results on Tuesday, April 30, 2024, at 7:30 a.m. Central Time (8:30 a.m. Eastern Time).
  • The company plans to issue its first quarter 2024 earnings release and earnings presentation in advance of the call.
  • The conference call will be webcast simultaneously through the Investor Relations section of KBR's website at investors.kbr.com .
  • A replay of the webcast will be available after the call on our website or by telephone at +1.866.813.9403, passcode: 154682.

KBR Awarded Predictive Maintenance Services Contract by Petro Rabigh

Retrieved on: 
Thursday, March 28, 2024

HOUSTON, March 28, 2024 /PRNewswire/ -- KBR, Inc. (NYSE: KBR) announced today it has secured a five-year asset condition monitoring program contract from Rabigh Refining & Petrochemical Company (Petro Rabigh) to deploy predictive maintenance services at its plant in Rabigh, Saudi Arabia.

Key Points: 
  • HOUSTON, March 28, 2024 /PRNewswire/ -- KBR, Inc. (NYSE: KBR) announced today it has secured a five-year asset condition monitoring program contract from Rabigh Refining & Petrochemical Company (Petro Rabigh) to deploy predictive maintenance services at its plant in Rabigh, Saudi Arabia.
  • "We are pleased to build a longstanding partnership with Petro Rabigh and offer our innovative technology-led industrial solutions," said Jay Ibrahim, President, KBR Sustainable Technology Solutions.
  • "KBR's predictive maintenance services improve operational efficiency and align with the clients' ESG objectives by promoting sustainability and responsible resource management."
  • KBR delivers smart asset management solutions to help its customers optimize operations, maintenance and revamps to achieve sustainable world-class performance.

KBR Announces 2024 Investor Day

Retrieved on: 
Tuesday, March 26, 2024

HOUSTON, March 26, 2024 /PRNewswire/ -- KBR (NYSE: KBR) will host an Investor Day on Wednesday, May 8, 2024, at the New York Stock Exchange with presentations given by members of KBR's executive leadership team.

Key Points: 
  • HOUSTON, March 26, 2024 /PRNewswire/ -- KBR (NYSE: KBR) will host an Investor Day on Wednesday, May 8, 2024, at the New York Stock Exchange with presentations given by members of KBR's executive leadership team.
  • Due to limited capacity, in-person attendance is by invitation only.
  • A live audio webcast and presentation will be posted on the day of the event.
  • All interested individuals may register for the live webcast at investors.kbr.com and a replay will be made available at the conclusion of the event.

KBR Awarded $60.7M Task Order to Provide Cybersecurity Services to the NIWC Atlantic in Support of the Defense Health Agency

Retrieved on: 
Tuesday, March 26, 2024

The contract supports the Defense Health Agency's (DHA) cybersecurity services and risk management framework (RMF) initiatives.

Key Points: 
  • The contract supports the Defense Health Agency's (DHA) cybersecurity services and risk management framework (RMF) initiatives.
  • If all options are exercised, the estimated value of the four-year task order is $245.6 million.
  • DHA oversees integrating clinical and business operations across the Military Health System (MHS).
  • The primary focus of the contract is to provide cybersecurity and information assurance services at locations in and outside the Continental U.S. KBR's role with NIWC Atlantic includes assessment and authorization execution, cyber tools development, security control assessments, and cybersecurity sustainment support.

KBR Secures 10-Year Subcontract for U.S. Air Force Human Performance Optimization

Retrieved on: 
Monday, March 18, 2024

HOUSTON, March 18, 2024 /PRNewswire/ -- KBR (NYSE: KBR) announced today it has won a new subcontract with Bering Straits Information Technologies (BSIT), a subsidiary of Bering Straits Native Corporation (BSNC), in support of the U.S. Air Force Air Combat Command to provide human performance optimization services at various military bases around the world.

Key Points: 
  • HOUSTON, March 18, 2024 /PRNewswire/ -- KBR (NYSE: KBR) announced today it has won a new subcontract with Bering Straits Information Technologies (BSIT), a subsidiary of Bering Straits Native Corporation (BSNC), in support of the U.S. Air Force Air Combat Command to provide human performance optimization services at various military bases around the world.
  • The Human Performance Optimization (HPO) contract is a multi-award IDIQ anticipated to be executed over a span of ten years, extending until March 2034, and was assembled as one of the U.S. Air Force's newest programs to enhance human performance.
  • In support of BSIT and the customer, KBR will provide resiliency and well-being services for military personnel throughout the country and abroad.
  • "KBR has an exceptional team of brilliant physicians, athletic trainers, physical therapists, behavioral health professionals, and other human performance experts.

MHI Selected as Licensor of CO2 Capture Technology for Leading Low Carbon Hydrogen Production Project in Cheshire, UK

Retrieved on: 
Wednesday, March 13, 2024

The project, Hydrogen Production Plant 2 (HPP2), will be constructed at the Stanlow Manufacturing Complex, which hosts one of the UK's leading refineries.

Key Points: 
  • The project, Hydrogen Production Plant 2 (HPP2), will be constructed at the Stanlow Manufacturing Complex, which hosts one of the UK's leading refineries.
  • The project owner is EET Hydrogen, the leading player in low carbon hydrogen production projects in the UK.
  • HPP2 will have an annual hydrogen production capacity of nearly 230,000 tons, which is expected to be the UK's largest-scale low carbon hydrogen plants when it begins operation.
  • HPP2 augments the Hydrogen Production Plant 1 (HPP1) scheduled for construction as part of the large-scale low carbon hydrogen plant infrastructure planned by EET Hydrogen in the HyNet cluster.

LSB Industries, Inc. Reports Operating Results for the 2023 Fourth Quarter and Provides Product Sales Volume Outlook for 2024

Retrieved on: 
Tuesday, March 5, 2024

LSB Industries, Inc. (NYSE: LXU) (“LSB” or the “Company”) today announced results for the fourth quarter ended December 31, 2023.

Key Points: 
  • LSB Industries, Inc. (NYSE: LXU) (“LSB” or the “Company”) today announced results for the fourth quarter ended December 31, 2023.
  • Total cash and short-term investments of approximately $306 million as of December 31, 2023
    This is a Non-GAAP measure.
  • “Our fourth quarter results were consistent with our expectations," stated Mark Behrman, LSB Industries’ President and CEO.
  • Our fourth quarter results benefited from increased production and sales volumes of downstream products reflecting improved manufacturing operations.”
    "Our continued focus on safety resulted in a TRIR of 0.33 for the year representing 'world class' performance.