LONDON, UK / ACCESSWIRE / June 13, 2018 / If you want access to our free research report on KBR, Inc. (NYSE: KBR), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=KBR as the Company's latest news hit the wire. On June 11, 2018, the Company announced that its global government services business, KBRwyle, has been awarded a cost-plus-fixed-fee contract modification to provide base life support services to the US Army throughout Iraq, in support of the Operation Inherent Resolve (OIR). Register today and get access to over 1,000 Free Research Reports by joining our site below:

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The Army Contracting Command (ACC) awarded this one-year task order modification, exercising the third option year on the task order. The ACC awarded the original task order in December 2014 under the Logistics Civil Augmentation Program (LOGCAP) IV contract.

Details of the Contract

  • KBRwyle will continue to assist the Army in meeting base life and logistical requirements for its deployed forces. KBRwyle's support will include firefighting, power generation, and morale, welfare, and recreation (MWR).
  • KBRwyle will also provide waste and facilities management including custodial, laundry, post office, food and water, vector, and pest management services.
  • Additionally, KBRwyle will help transport and load cargo, as well as oversee fuel handling and airfield operations at military sites in Erbil, Al Asad, Taji, Al Taqaddum, Al Bashur, and Q-West in Iraq.
  • The estimated revenues associated with this task order modification will be booked into the backlog of unfilled orders for KBR's Government Services business segment.

KBRwyle has a Legacy of Serving the US Military

Commenting on the announcement, Byron Bright, President of KBRwyle, stated that the Company has a legacy of serving the US military, and are proud to continue through this task order modification. Bright added that whether it is preparing dinner for the soldiers or refueling an aircraft on the flight line, KBRwyle will go on providing dependable and expert services to the Army.

KBR's Last Task Order under LOGCAP IV Contract

In October 2017, KBRwyle was awarded two task order modifications totaling $116 million to provide logistics support services to the US Army in Europe and the Arabian Peninsula. The ACC awarded these task order modifications under the LOGCAP IV contract. The Company's services included forward planning, maintenance support, base operating support services, and assisting the US Army in transporting arms, ammunition, and explosives.

About the Logistics Civil Augmentation Program (LOGCAP) IV

This multiple award task order contract focuses on military contingency support in the Middle-East, and is managed by the US Army Materiel Command. KBR provides the US Department of Defense and other federal agencies with a worldwide capability to support contingency operations. Currently, KBR provides base life support and logistics services in Iraq and throughout the Arabian Peninsula under the LOGCAP IV contract. During the LOGCAP III contract, KBR conducted the largest government services contract in the United States history in support of military operations in Iraq, Afghanistan, and eight supporting country locations.

About KBR, Inc.

Founded in 1919 and headquartered in Houston, Texas, KBR is a global provider of differentiated professional services and technologies across the asset and program lifecycle within the Government Services and Hydrocarbons sectors. KBR employs approximately 34,000 people worldwide, including its joint ventures, with customers in more than 75 countries, and operations in 40 countries.

Stock Performance Snapshot

June 12, 2018 - At Tuesday's closing bell, KBR's stock dropped 1.77%, ending the trading session at $18.32.

Volume traded for the day: 837.60 thousand shares.

Stock performance in the last month ? up 8.53%; previous three-month period ? up 9.24%; and past twelve-month period ? up 23.12%

After yesterday's close, KBR's market cap was at $2.56 billion.

Price to Earnings (P/E) ratio was at 6.94.

The stock has a dividend yield of 1.75%.

The stock is part of the Services sector, categorized under the Technical Services industry. This sector was up 0.6% at the end of the session.

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