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KBR announced today that its Board of Directors has declared a quarterly cash dividend of five cents ($0.05) per share on the company's common stock, payable April 15, 2010, to shareholders of record at the close of business on March 15, 2010.
KBR announced today that it has been awarded a Contracted Construction, Maintenance and Services Agreement (CCMS) by DuPont. The award covers a three year period.
KBR today announced that it has been awarded a contract by the Saudi Arabian Oil Company (Saudi Aramco) and Sumitomo Chemical Co., Ltd. (Sumitomo) to provide basic engineering and related services for its phenol technology in support of a detailed feasibility study for development of the companies' joint Rabigh II Project. The project is planned as a major expansion of the existing petroleum refining and petrochemical production complex in Rabigh, Saudi Arabia.
KBR announced today that it will present at Capital One Southcoast's 4th Annual Energy Conference on Wednesday, December 9, 2009, at 10:20 AM Central Time (11:20 AM Eastern Time).
KBR today announced it has been awarded a basic contract by the U.S. Air Force Center for Engineering and the Environment (AFCEE) Contracting Officer to compete for future task orders under the Worldwide Environmental Restoration and Construction 2009 (WERC09) program. KBR is one of 23 companies that received contract award notification from AFCEE in the Full & Open competition. The total contract value to be dispersed among participating contractors is $3 billion and has a base contract period of five years.
KBR announced today that it has accepted a Contract Award from Woodside for a Front End Engineering and Design (FEED) contract for Train 2 and Train 3 of Woodside's Pluto Liquefied Natural Gas (LNG) Project. The contract also includes an option for early engineering, procurement and construction management (EPCM) services.
There are significant discrepancies between the plaintiffs' claims in the burn litigation against KBR and the facts on this issue. Below are key facts associated with several issues that have been raised by the plaintiffs and covered in the media.
KBR announced today that it has been awarded a contract by Saudi Kayan Petrochemical Company (SAUDI KAYAN) to develop and implement an Operator Training Simulator (OTS) for its grassroots phenol plant located in Saudi Arabia.
KBR today announced that it has been awarded a contract by Chevron USA Inc. for the front-end engineering and design (FEED) of the topsides for the proposed Big Foot development facility. The Big Foot field is located in the Walker Ridge Block 29 of the Gulf of Mexico and is owned by Chevron USA Inc. (operator), Statoil Gulf of Mexico LLC and Marubeni Oil & Gas (USA) Inc. The proposed facility will be installed in 5,300 feet of water approximately 200 miles from New Orleans and 35 miles south of Chevron's producing Tahiti field.
KBR announced today that it will participate at Goldman Sachs' 2009 Global Industrials Conference on Thursday, November 5, 2009, at 8:00 AM Eastern Time (7:00 AM Central Time).
KBR announced today that third quarter 2009 net income attributable to KBR was $73 million, or $0.45 per diluted share, compared to net income attributable to KBR of $85 million, or $0.51 per diluted share, in the third quarter of 2008. Net income attributable to KBR for the third quarter of 2008 included income from discontinued operations of $11 million, or $0.07 per diluted share resulting from foreign tax credits related to the sale of KBR's 51% ownership interest in Devonport Management Limited.
KBR today announced that Susan Carter has been appointed the company's Senior Vice President and Chief Financial Officer. Carter's appointment is effective October 29, 2009, coincident with the retirement of Kevin DeNicola.
KBR announced today that it has been awarded a contract by Al-Jubail Fertilizer Company (Al-Bayroni), a SABIC affiliate, to provide engineering, procurement and supply of proprietary equipment for Al-Bayroni's existing ammonia plant located in Jubail, Saudi Arabia.
KBR today announced that it has been awarded a Framework Contract by Sasol Technology (Pty) Ltd., the technology arm of the Sasol Group (Sasol), to provide engineering services across various sectors of Sasol Group's business including downstream, petrochemical, and upstream in Southern Africa.
KBR announced today that it was been awarded a contract by Suncor Energy, Inc. to provide turnaround services for Suncor's 2010 Turnaround project at its oil sands plant in Fort McMurray, Alberta, Canada.
KBR announced today that its board of directors has declared a quarterly cash dividend of five cents ($0.05) per share on the company's common stock, payable January 15, 2010, to shareholders of record at the close of business on December 15, 2009.
There are significant discrepancies between Ms. Jamie Leigh Jones' claims against KBR and the facts pertaining to her allegations. Below are key facts associated with several issues that have been raised by Ms. Jones and covered in the media.
KBR will host a conference call on Thursday, October 29, 2009, to discuss third quarter financial results. The call will begin at 10:00 AM Central Time (11:00 AM Eastern Time).
KBR today announced that it has been awarded a contract by the Saudi Arabian Oil Company (Saudi Aramco) to provide front-end engineering and design (FEED), and Project Management Services (PMS) for its Shaybah Natural Gas Liquids (NGL) Program at Shaybah field located in Saudi Arabia.
KBR today announced that it has been awarded a contract by Beijing Guoneng Yinghui Clean Energy Engineering Co., Ltd. (Beijing Guoneng) to provide licensing, engineering services and proprietary equipment for the implementation of KBR's and Southern Company's Transport Integrated Gasification technology (TRIGT) at a Dongguan IGCC Power Plant in Guandong Province, Peoples Republic of China.
KBR announced today that it has been awarded a contract by the Hindustan Petroleum Corporation (HPCL), to provide license and engineering services and proprietary equipment for augmenting the capacity of an existing de-asphalting unit in its Mumbai Refinery in India.
KBR announced today that Kellogg Joint Venture Group (KJVG) has been awarded by Chevron Australia Pty Ltd an estimated AUD ~ 2.7 Billion contract to Engineer, Procure and Construction Manage (EPCM) the LNG downstream and logistics portion of the multi-billion dollar Chevron-operated Gorgon LNG Project.
KBR announced today that it will present at D.A. Davidson's Eighth Annual Engineering and Construction Conference on Thursday, September 17, 2009, at 7:00 AM Pacific Time (9:00 AM Central Time).
KBR today announced that T. Kevin DeNicola, Senior Vice President and Chief Financial officer will step down from his post effective with the filing of the company's third quarter 10-Q. Following that date DeNicola will remain with KBR in a reduced capacity to assist with the transition to a new CFO. DeNicola is leaving the company to spend more time with his family and to pursue interests in the emerging alternative fuels industry.
KBR today announced its M.W. Kellogg Ltd. (MWKL) subsidiary has been awarded two contracts by StatoilHydro at the Kårstø Gas Plant, near Stavanger, Norway. MWKL will provide Engineering, Procurement and Construction Assistance (EPCa) for the Double Inlet Crossover Project (DIXO) and NGL Metering Project.
KBR today announced the formation of a Government, Defense and Infrastructure Business Group. The new business group will serve existing and future customers in North America, the Middle East, United Kingdom and Australia.
KBR announced today that it has been awarded a contract by Sonangol, E.P. to provide license and engineering services for grassroots FCC and Hydroprocessing technologies for the Sonaref Refinery to be located in Lobito, Angola.
KBR today announced the appointments of Mitch Dauzat to the position of President Gas Monetization and Roy Oelking to the position of Executive Vice President, Oil and Gas. Dauzat and Oelking will oversee these KBR business units as part of the company's newly formed Hydrocarbons Group.
KBR today announced that it has been awarded a contract by ConocoPhillips (NYSE: COP) and the Saudi Arabian Oil Company (Saudi Aramco) to provide detailed engineering and procurement services for the utilities package and the interconnecting systems and pipe racks for the companies' joint Yanbu Export Refinery Project (YERP).
KBR today announced that it has been awarded a contract by Verkhnechonskneftegas (VCNG) to provide front-end engineering and design (FEED) services for the VC FFD Project located in the Eastern Siberia region of Russia.
KBR announced today that John Rose has been appointed to the new position of Group President, Hydrocarbons. Rose, whose tenure with KBR spans 35 years, previously served as President of KBR's Upstream Business Unit. In his new role, Rose will oversee KBR's hydrocarbon Business Units of Downstream, Gas Monetization, Oil & Gas and Technology.
KBR announced today that second quarter 2009 net income attributable to KBR was $67 million, or $0.42 per diluted share, compared to net income attributable to KBR of $48 million, or $0.28 per diluted share, in the second quarter of 2008.
KBR announced today it has been recognized for the second year running by the British Ministry of Defence (MoD) as the department's top Key Supplier. KBR was awarded 8.2 out of a possible 10 points in the MoD's performance assessment, making them the first Key Supplier ever to receive a score above 8, with a high point of 9.4 out of 10 for quality of relationship. The MoD Supplier Relations Team has commented that KBR now sets the standard against which all other Key Suppliers of the MoD will be measured.
KBR announced today it has been dismissed from two lawsuits arising from an electrocution incident that resulted in the death of Sergeant Chris Everett. The dismissal orders were issued by the United States District Courts in the Southern District of Texas and the Eastern District of Louisiana.
The Eleventh Circuit Court of Appeals affirmed in its ruling on Tuesday, June 30, 2009 in Carmichael vs. KBR that the Political Question Doctrine bars the plaintiff's suit alleging KBR is responsible for civil liability related to its activities as a contractor to the U.S. military under the Logistics Civil Augmentation Program ("LOGCAP") contract. The court affirmed in this case that the military, not civilian contractors, decides and directs the activities of contractors in battlefield situations and the Political Question Doctrine "excludes from judicial review those controversies which revolve around policy choices and value determinations constitutionally committed for resolution to the halls of Congress or the confines of the Executive Branch". In this case, the Eleventh Circuit held that adjudicating the plaintiff's claims would require re-examination and second-guessing surrounding the conduct of a military operation during a wartime environment.
KBR announced today that its board of directors has declared a quarterly cash dividend of five cents ($0.05) per share on the company's common stock, payable October 15, 2009, to shareholders of record at the close of business on September 15, 2009.
KBR will host a conference call on Thursday, July 30, 2009, to discuss second quarter financial results. The call will begin at 10:00 AM Central Time (11:00 AM Eastern Time).
KBR today announced that its consulting subsidiary Granherne has been selected to take part in a conceptual study of StatoilHydro ASA's Gullfaks 2030 project to extend the production from the gas field.
KBR today announced the award by Esso Highlands Ltd (a subsidiary of Exxon Mobil Corporation) to the Eos Joint Venture (an unincorporated joint venture comprising WorleyParsons and Kellogg Brown & Root) an agreement covering Project Services for the PNG LNG Project. The agreement commenced in March 2009 and extends to the end of 2014.
The following was issued by KBR's Interim President of Government and Infrastructure William C. Bodie in response to the New York Times editorial 'KBR Does it Again' published May 23, 2009.
KBR announced today that it will present at the 2009 Macquarie Capital Global Infrastructure Conference on Friday, June 5, 2009, at 1:00 PM Eastern Time (12:00 PM Central Time).
KBR announced today that it will present at the 2009 Credit Suisse Engineering and Construction Services Conference on Thursday, June 4, 2009, at 7:40 AM Eastern Time (6:40 AM Central Time).
KBR announced today that a division of its Services business unit, BE&K Building Group, has been ranked as the sixth largest healthcare builder in the United States by Modern Healthcare magazine.
KBR today held its annual shareholders meeting in Houston. KBR shareholders approved the following items at today's meeting.
KBR announced today that its board of directors has declared a quarterly cash dividend of five cents ($0.05) per share on the company's common stock, payable July 15, 2009, to shareholders of record at the close of business on June 15, 2009.
KBR announced today that first quarter 2009 net income attributable to KBR was $77 million, or $0.48 per diluted share, compared to net income attributable to KBR of $98 million, or $0.58 per diluted share, in the first quarter of 2008.
KBR announced today that a division of its Services business unit, BE&K Construction Company, has been awarded a power contract by Progress Energy Carolinas, Inc. to provide construction services for a new natural gas-fired combined-cycle unit at the Richmond County Energy Complex located near Hamlet, N.C.
KBR will host a conference call on Thursday, April 30, 2009, to discuss first quarter financial results. The call will begin at 10:00 AM Central Time (11:00 AM Eastern Time).
KBR today announced that it has been awarded a contract by Egypt Hydrocarbon Corporation (EHC) to complete a Front End Engineering Design (FEED) project for an ammonium nitrate plant being developed by Carbon Holdings at its proposed Petrochemical Complex. The complex will be located 25 km (15.5 miles) from Suez, Egypt, near the Red Sea.
KBR today announced William C. Bodie has been appointed Interim President, KBR Government and Infrastructure (G&I). Bodie joined KBR in March 2005 and is a member of KBR's G&I executive management team serving as Senior Vice President Customer Relations and Strategy.
KBR today announced that it has been awarded a contract by BP, on behalf of Azerbaijan International Oil Company (AIOC), to provide front-end engineering and design (FEED) services for the Chirag Oil Project located in the Azerbaijan sector of the Caspian Sea.
KBR today announced that its consulting subsidiary Granherne has been selected as the contractor by Chevron Overseas (Congo) Limited for the front end engineering and design (FEED) of the Lianzi development project. The Lianzi development is located in a unitized zone which includes portions of the Block 14 License (Republic of Angola) and the Haute Mer Permit (Republic of Congo).
KBR announced today that fourth quarter 2008 income from continuing operations and net income was $88 million, or $0.54 per diluted share, which included a $20 million, or $0.12 per diluted share, charge related to the final judgments which resolve the Department of Justice (DOJ) and Securities and Exchange Commission (SEC) Foreign Corrupt Practices Act (FCPA) investigations. This compares to income from continuing operations of $48 million, or $0.28 per diluted share, in the fourth quarter of 2007. Net income for the fourth quarter of 2007 was $71 million, or $0.42 per diluted share, which included income from discontinued operations of $23 million, or $0.14 per diluted share, related to post-closing activities for previously disposed businesses.
KBR today announced it has been awarded a contract by the U.S. Army Contracting Command to execute bulk fuel farm operations at specific military sites near Shuiba Port and at Camp Buehring in Kuwait. The one year contract offers four one-year options for renewal and has an anticipated value of up to $19.2 million.
KBR Chairman, President and CEO William P. Utt today commented on the Department of Justice (DOJ) and Securities Exchange Commission (SEC) settlements related to KBR's violations under the Foreign Corrupt Practices Act (FCPA) occurring between 1994 and 2004.
KBR today announced it has been awarded a $35.4 million contract by the U.S. Army Corps of Engineers (USACE), Transatlantic Programs Center, Winchester, Va. for the Phase II design and construction of a convoy support center at Camp Adder in Iraq.
KBR announced today that a division of its Services business unit, BE&K, has been awarded a $126 million dollar contract by the Solid Waste Authority of Palm Beach County, Fla., to provide engineering, procurement and construction (EPC) services for the refurbishment of its North County waste-to-energy resource recovery facility.
KBR today announced it has been awarded a job order contract by TCPN (The Cooperative Purchasing Network) to provide construction management services for public entities throughout the entire state of Texas. The contract, formerly divided among KBR and three contractors in five state areas, has been consolidated and awarded exclusively to KBR. The one year contract offers five option years for renewal and has an anticipated value of $24 million.
KBR will host a conference call on Wednesday, February 25, 2009, to discuss fourth quarter financial results. The call will begin at 10:00 AM Central Time (11:00 AM Eastern Time).
KBR announced today that the Company's current estimates for its fiscal year 2009 earnings per diluted share are in-line with the current range reflected among analyst estimates.
KBR announced today that a division of its Services business unit, BE&K, has been awarded a contract by CARBO Ceramics Inc. (CARBO) to provide engineering and construction management services for the expansion of its proppant manufacturing facility in Toomsboro, Ga.