KBR, Inc. (KBR) Secures a Seat on Multiple Indefinite Delivery Indefinite Quantity Contracts By US Navy

KBR, Inc. (NYSE:KBR) is 1 of the Best Affordable Stocks to Buy According to Analysts. On December 18, KBR, Inc. (NYSE:KBR) announced securing a spot connected aggregate indefinite transportation indefinite quantity contracts by the US Naval Supply Systems Command.

Management noted that this volition let the institution to bid connected tasks supporting subject operations and humanitarian efforts. The grant has a 5-year basal play on with an optional 5-year hold and a $20 cardinal ceiling. Moreover, absorption besides highlighted that arsenic a effect of this award, the institution volition vie for fixed-price tasks, including stableness operations, civilian support, proviso concatenation services, humanitarian aid, and catastrophe alleviation wrong the US.

That said, precocious connected December 19, Tobey Sommer from Truist Financial reiterated a Buy standing connected KBR, Inc. (NYSE:KBR) but lowered the terms people from $62 to $50. The expert noted that the reduced terms people is based connected the suspension of the Lake Charles LNG project, which the steadfast believes has impacted the company’s outlook. Moreover, Truist besides lowered its Sustainable Technology Solutions estimates for 2026 and 2027, owed to the aforesaid reasons, and present expects the institution to present astir $800 cardinal arsenic EBITDA successful 2027.

KBR Inc. (NYSE:KBR) provides scientific, technology, and engineering solutions to governments and commercialized customers worldwide. It operates done Government Solutions and Sustainable Technology Solutions segments.

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