We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
KBR's Government Unit Acquires Australian Defense Contracts
Read MoreHide Full Article
KBR, Inc.‘s (KBR - Free Report) Government Solutions Asia-Pacific (GS APAC) business has acquired more than 15 defense contracts from an Australian company, SMA.
With these defense contracts, KBR is well positioned to provide technical training services to the Royal Australian Navy (RAN). Notably, this highly strategic contract acquisition by KBR that covers a range of projects across Australia added more depth and strength to its business.
The company’s strength in technical services will support the RAN's commitment of upgrading its fleet across submarines, offshore patrol vessels and new frigates.
KBR’s Support to Department of Defence
KBR has been supporting various Australian government agencies as a 'Major Service Provider' over the past several years. Currently, it is engaged in the integrated soldier system support program for the Australian Army, sustainment of engineering services for the largest ships in the RAN, Mission IT solutions and support across the ADF, as well as workforce training for the Garrison Estate Management System project.
The recent acquisitions will support Australian Department of Defence’s investment in new military capabilities for the Australian Defence Force or ADF.
Contract Winning Spree & Solid GS Unit to Combat Economic Woes
The company’s Government Solutions or GS business — which contributed 69.6% to 2019 revenues — has been serving the U.S. Air Force, Army, Navy, Marine Corps, and other federal agencies and foreign allies over the past several years. The GS segment generated 9% organic growth in 2019.
KBR’s continued industry-leading organic revenue improvement was underpinned by on-contract growth in logistics and engineering, take-away wins, alongside new work awarded under the company’s portfolio of well-positioned contracting vehicles.
Particularly, the GS APAC segment generated double-digit organic growth in 2019 and won 28 contracts — a combination of new awards and extensions — in first-quarter 2020. Notably, this reflects its solid reputation for trusted service and delivery excellence.
Owing to solid performance across businesses, shares of KBR have outperformed the Zacks Engineering - R And D Services industry in a month’s time. Notably, the company is banking on strength of the Government Solutions business to optimize growth potential. Also, steady growth in backlog is adding to KBR’s bliss.
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
Image: Bigstock
KBR's Government Unit Acquires Australian Defense Contracts
KBR, Inc.‘s (KBR - Free Report) Government Solutions Asia-Pacific (GS APAC) business has acquired more than 15 defense contracts from an Australian company, SMA.
.jpg)
With these defense contracts, KBR is well positioned to provide technical training services to the Royal Australian Navy (RAN). Notably, this highly strategic contract acquisition by KBR that covers a range of projects across Australia added more depth and strength to its business.
The company’s strength in technical services will support the RAN's commitment of upgrading its fleet across submarines, offshore patrol vessels and new frigates.
KBR’s Support to Department of Defence
KBR has been supporting various Australian government agencies as a 'Major Service Provider' over the past several years. Currently, it is engaged in the integrated soldier system support program for the Australian Army, sustainment of engineering services for the largest ships in the RAN, Mission IT solutions and support across the ADF, as well as workforce training for the Garrison Estate Management System project.
The recent acquisitions will support Australian Department of Defence’s investment in new military capabilities for the Australian Defence Force or ADF.
Contract Winning Spree & Solid GS Unit to Combat Economic Woes
The company’s Government Solutions or GS business — which contributed 69.6% to 2019 revenues — has been serving the U.S. Air Force, Army, Navy, Marine Corps, and other federal agencies and foreign allies over the past several years. The GS segment generated 9% organic growth in 2019.
KBR’s continued industry-leading organic revenue improvement was underpinned by on-contract growth in logistics and engineering, take-away wins, alongside new work awarded under the company’s portfolio of well-positioned contracting vehicles.
Particularly, the GS APAC segment generated double-digit organic growth in 2019 and won 28 contracts — a combination of new awards and extensions — in first-quarter 2020. Notably, this reflects its solid reputation for trusted service and delivery excellence.
Owing to solid performance across businesses, shares of KBR have outperformed the Zacks Engineering - R And D Services industry in a month’s time. Notably, the company is banking on strength of the Government Solutions business to optimize growth potential. Also, steady growth in backlog is adding to KBR’s bliss.
Zacks Rank
KBR — which shares space with Gates Industrial Corporation plc (GTES - Free Report) , Quanta Services, Inc. (PWR - Free Report) and AECOM (ACM - Free Report) in the same industry — currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>