KBR, Inc. has secured a significant contract win, landing a five-year, $113 million deal to conduct aeronautical systems research for the Air Force Life Cycle Management Center Mobility Directorate at Wright-Patterson Air Force Base, Ohio. This contract was awarded under the Department of Defense Information Analysis Center’s multiple-award contract vehicle, a program designed to foster innovation and knowledge development within the R&D and S&T community.
KBR’s scope of work under this contract is extensive. They will be providing program management analysis, engineering services, logistics analysis, security and cybersecurity evaluations, testing and assessment, and administrative analysis. These services are critical to supporting important initiatives such as the development of the Next Generation Air-refueling System (NGAS) and the modernization of legacy tanker aircraft mission systems.
This recent win builds on KBR’s momentum. Just last month, they received a $230 million cost-plus-fixed-fee recompete contract under the same Department of Defense Information Analysis Center vehicle. KBR also secured an international order to deliver technical design services at HMAS Stirling in Australia, demonstrating their growing global presence.
KBR’s focus on developing a digital workforce is highlighted in their training program, which is designed to enhance analysis and decision-making for effective Digital Material Management (DMM) implementation. This commitment to technological advancement positions KBR as a key player in the future of aerospace research and development.
Investors have responded positively to KBR’s recent successes. According to Benzinga Pro, KBR stock has gained over 8% in the past year. Investors seeking exposure to KBR can consider ETFs such as PGIM Jennison Focused Mid-Cap ETF (PJFM) and Nuveen ESG Small-Cap ETF (NUSC).
KBR shares closed higher by 0.86% to $64.93 at the end of trading on Tuesday.
