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KBR (NYSE: KBR) announced that it has acquired Chicago-based Roberts & Schaefer Company. Roberts & Schaefer, a subsidiary of Elgin National Industries, is a global leader in engineering, procurement and construction (EPC) services for bulk material handling and processing systems. The company provides services and associated processing infrastructure to customers in the mining and minerals, power, industrial, refining, aggregates, precious and base metals industries. The purchase price is $280 million, plus preliminary net working capital of $12 million with final adjustment after closing.
JGC Corporation (TSE:1963) today announced that it will be selling its 44.94% share interest in M.W. Kellogg Limited (MWKL) to KBR (NYSE: KBR). MWKL is a UK-based affiliate of both companies. Following the transaction, MWKL will become a wholly-owned subsidiary of KBR. The transaction is expected to be finalized in January 2011.
KBR announced that its Building Group has been awarded a $33 million contract by Washington, D.C.-based development partners Erkiletian and Jefferson Apartment Group for the construction of The Asher, a planned mixed-use development in Alexandria, Virginia.
KBR today announced that its Building Group has topped out the new Duke Medicine Cancer Center facility project in Durham, North Carolina. KBR started work on the Cancer Center in 2009.
Recent press reports name KBR Chairman, President and CEO William P. Utt in the latest apparent charges to be filed by the Nigerian Government. The issues related to this latest set of charges involve violations of the Foreign Corrupt Practices Act (FCPA) that occurred between 1994 and 2004.
KBR today announced that it will open an Angola Operating Center based in Luanda. KBR has been operating in Angola since 1968 and has executed a significant number of projects in the region.
KBR today announced it has been awarded a task order contract to provide program and construction management services for the Dallas/Fort Worth International Airport's (DFW) US$1.7 billion capital development program. The agreement has a base contract period of three years with five option years.
KBR today announced that its Australian-based Infrastructure and Minerals (I&M) business unit has been selected by the Asian Development Bank to execute a climate change adaptation study. KBR will work to identify the risks of potential climate change to five Pacific island nations, enabling the countries to better plan for and respond to related climatic risks.
KBR today announced that its Building Group has been awarded a contract by Alexandria Real Estate Equities for the construction of Medicago's new 90,000-square-foot Vaccine Research and Production Facility/Greenhouse in Research Triangle Park, N.C. The contract is valued at approximately $19 million. Site work is underway.
KBR today announced that it has been awarded a contract by Scottish and Southern Energy Plc (SSE) to provide Project Management Services for its capital investment program over the next five years.
KBR today announced it has been awarded a job order contract by the Houston Independent School District (HISD) in Houston, Texas to provide repair/renovation construction at the school district's facilities across the city.
KBR today announced that its Australian-based Infrastructure and Minerals (I&M) business unit has been awarded a contract to provide engineering design services for Australia's Liverpool Turnback project in Sydney, Australia. The Liverpool Turnback project is part of a broader US$143 million upgrade of the Liverpool rail precinct, one of the world's most complex suburban rail networks in the region.
KBR announced today that third quarter 2010 net income attributable to KBR was $97 million, or $0.62 per diluted share, compared to net income attributable to KBR of $73 million, or $0.45 per diluted share, in the third quarter of 2009.
KBR announced today that it has been awarded a contract to execute the topsides detailed design for TOTAL's CLOV floating production, storage and offloading (FPSO) unit. This project is the fourth development pole in Angola’s deep offshore Block 17, after Girassol, Dalia and Pazflor. Located approximately 140 kilometres from Luanda and 40 kilometres northwest of Dalia in water depths ranging from 1,100 to 1,400 metres, the CLOV development will lead to four fields - Cravo, Lirio, Orquidea and Violeta – coming on stream.
KBR today announced that Jim Stewart has been appointed Business Unit President, KBR Power and Industrial.
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 17, 2011, to shareholders of record at the close of business on December 15, 2010.
KBR will host a conference call on Thursday, October 28, 2010, to discuss third quarter financial results. The call will begin at 10:00 AM Central Time (11:00 AM Eastern Time).
KBR today announced it has been awarded a job order contract by the City of Austin, Texas. Under the contract, KBR will be a provider of renovation and repair construction projects for the city's municipal facilities. The one-year contract (with option to renew for an additional one year) is Austin’s first stand-alone job order contract.
KBR announced today that it will present at the D.A. Davidson Ninth Annual Engineering and Construction Conference on Tuesday, September 28, 2010, at 7:45 AM Pacific Time (9:45 AM Central Time).
KBR announced today that it has been awarded a contract to provide engineering, procurement management and construction management (EPCM) for the Hope Downs 4 iron ore mine in remote Western Australia. The scope of the project is valued at $1.285 billion USD.
KBR today announced that Ted Wright has been appointed as Business Unit President, North American Government and Defense. Wright will be based in Arlington, Virginia.
KBR announced that its Downstream business unit has been awarded a contract to provide engineering and procurement services to Chemetall Foote Corp. (a subsidiary of Rockwood Holdings, Inc. (NYSE: ROC)) for the addition of lithium hydroxide production at its current operation in Kings Mountain, North Carolina. The project is funded in part by a $28.4 million grant from the U.S. Department of Energy to expand and upgrade the production of lithium materials for advanced transportation batteries.
KBR announced today that it has been selected by BP to undertake the second stage of concept selection and definition for the onshore terminal and export pipelines for BP's West Nile Delta Development in Egypt.
KBR today announced that it has been awarded two contracts by the Republic of Iraq Ministry of Oil through the South Refineries Company. KBR will provide licensing and basic engineering services for the construction of Fluid Catalytic Cracking (FCC) and Solvent Deasphalting (SDA) units at the planned grassroots Maissan Refinery in Maissan, Iraq. Work on the projects is expected to commence immediately.
KBR announced today that it has been awarded a contract by the Asian Development Bank (ADB) to undertake the preparation for a proposed water sector project. KBR will prepare a national Sanitation Master Plan, a draft Land Use Plan for the Samoan capital, Apia, and a Greater Apia Integrated Water Supply, Sanitation and Drainage Master Plan. This sustainable development project will focus on providing a secure and efficient water supply and wastewater management.
KBR today announced that Dennis S. Baldwin has been appointed as KBR's Vice President and Chief Accounting Officer effective August 16.
KBR announced today that its affiliate, Kellogg Brown and Root South Africa (Proprietary) Limited (KBR SA) has entered into a Broad-Based Black Economic Empowerment (BBBEE) transaction that is another step in KBR’s continuing commitment to the transformation of South Africa’s economy. Following the transaction, which is subject to obtaining certain regulatory approvals, the Kwande-Thesele consortium and a newly-formed Employee Stock Ownership Plan (ESOP) will own 25 percent+1 share of KBR SA in the aggregate under the terms of a long-term agreement.
KBR announced today that second quarter 2010 net income attributable to KBR was $106 million, or $0.66 per diluted share, compared to net income attributable to KBR of $67 million, or $0.42 per diluted share, in the second quarter of 2009.
KBR today announced that it has been awarded a contract by the Tourist Development and Investment Company (TDIC), a master developer of tourism, cultural and residential destinations in Abu Dhabi, to provide logistics consultancy services to support the development of Sir Bani Yas island as part of the Desert Islands projects.
KBR today announced that it has been appointed to an alliance that will design and build one of the world's largest advanced tertiary wastewater treatment plants for Melbourne Water in Melbourne, Australia.
KBR announced that it has been awarded a contract to provide engineering and construction management services for the construction of a new ceramic proppant manufacturing line at the CARBO Ceramics Inc. plant in Toomsboro, Ga.
KBR Inc. will host a conference call on Thursday, July 29, 2010, to discuss second quarter financial results. The call will begin at 10:00 AM Central Time (11:00 AM Eastern Time).
KBR announced today that it formed a new joint venture, SK-KBR Technologies Pte. Ltd. (SK-KBR), with Korean-based SK Energy Co., Ltd. (SK Energy). Under the Shareholders' Agreement, SK-KBR is granted exclusive world-wide rights to market and license SK Energy's petrochemical and related process technologies on a global scale.
KBR today announced that it has been awarded a contract by Petroleo Brasileiro S.A. (Petrobras) to provide licensing, basic engineering and extended basic engineering, and technical consulting services for the development of a grassroots ammonia plant in Tres Lagoas, Brazil.
KBR announced today that it has been selected to provide construction management services at the DuPont™ Tedlar® production facility in Circleville, Ohio.
KBR today announced that it has been awarded a contract by Tierra Del Fuego Power & Chemical Co., Ltd. to provide licensing and process design for a grassroots ammonia plant in Tierra Del Fuego, Argentina.
KBR announced today that its Building Group has been awarded a multimillion dollar contract by DuPont for construction management of the initial phase of a multi-phase planned expansion at the company's suburban campus in Wilmington, Delaware. DuPont's Chestnut Run Plaza -- Phase 1 encompasses a five-story, 222,000-square-foot office building designated as "Building 730."
KBR announced that it has received final change order agreements with its joint venture partners Technip of France and JGC Corporation of Japan, for the Yemen LNG Plant. The contract on this lump-sum turnkey project, valued at more than $2 billion, was first announced in September 2005. As announced in KBR's First Quarter 2010 Earnings Call, Train 2 of the Yemen project achieved ready for start-up status on March 12 and care, custody and control of the project has been turned over to the client. The final change order agreements generate KBR after tax income of approximately $27 million or $0.17 of earnings per diluted share.
KBR announced today that it will host an Analyst and Investor Day on June 23, 2010 at the Four Seasons Hotel Houston in Houston, Texas. Management participating in the day's presentations will include Bill Utt, Chief Executive Office; Sue Carter, Chief Financial Officer; John Rose, President - Hydrocarbons Group; Mark Williams, President - Infrastructure, Government, and Power Group; David Zimmerman, President – Services; as well as other senior level management.
KBR announced today that it is initiating a Board of Directors authorized share repurchase program to repurchase up to 10 million of its outstanding common stock and over time, maintain KBR's outstanding shares at approximately 150 million shares.
KBR announced that its Building Group has been awarded an $87 million contract for the construction of the new Dental Sciences Building for the School of Dentistry at the University of North Carolina at Chapel Hill.
KBR today announced that it has been awarded a contract by Jilin Connell Chemical Industry Co., Ltd. (Connell) to provide licensing and related services for its grassroots aniline plant in Jilin City, Jilin Province, China.
KBR announced today that it has been awarded a contract by Houston-based FPR Inc. to provide Design and Early Engineering Services for the development of the Araromi Refinery Project in the OK Free Trade Zone (OKFTZ) in Nigeria.
KBR today announced it has been awarded a task order by the U.S. Army Contracting Command under its current Logistics Civil Augmentation Program (LOGCAP) IV contract. KBR will support U.S. Army and Navy missions at five sites in Bahrain. The Period of Performance is one base year plus one option year and is valued at approximately $28 million.
KBR announced today that it will present at the Credit Suisse 2010 Engineering and Construction Services Conference on Thursday, June 3, 2010, at 7:40 AM Eastern Time (6:40 AM Central Time).
KBR today held its annual shareholders meeting in Houston.
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, 2010, to shareholders of record at the close of business on June 15, 2010.
KBR announced today that it received a $60 million award fee related to its LogCAP III work in Iraq, Afghanistan, and Kuwait. On May 10, 2010, KBR was notified by the U.S. Army’s LogCAP Program Award Fee Government Determining Official of the completion and final decision related to the review of award fees for Task Orders 139, 147, 151, and 159 for the period May 1, 2008 through August, 31 2009. For this period, the Award Fee Determining Official rated KBR’s performance as Good, Very Good, and Excellent on multiple award fee pools.
KBR today announced that it has been notified by the Army that the company will continue to provide life support services to U.S. bases in Iraq under LOGCAP III. This continuation of KBR's work results from the Army's decision to cancel the solicitation of Basic Life Support (BLS) services under LOGCAP IV.
KBR announced today that first quarter 2010 net income attributable to KBR was $46 million, or $0.29 per diluted share, compared to net income attributable to KBR of $77 million, or $0.48 per diluted share, in the first quarter of 2009.
KBR today announced it has been awarded a delivery order contract by Atlanta Public Schools (APS) to be the preferred provider of renovation and repair construction projects for school facilities district wide. The one-year contract offers four option years for renewal and has an anticipated value of $45 million. This is the third consecutive JOC contract that KBR has been awarded by APS.
KBR announced today that in preparation for its upcoming First Quarter 2010 earnings on Thursday, April 29, 2010, KBR is providing historical revenue, job income, business unit overheads, and business unit income for the past two years, by quarter, for new reporting structure. Also provided in the tables is the 2009 quarterly backlog for the new reporting structure.
KBR was recently listed in Engineering News-Record (ENR) magazine's annual publication of 2009's top 500 design firms. KBR was listed as ninth in the list of Top 500 Design Firms.
KBR announced that its Building Group has been ranked eighth on Modern Healthcare Magazine's 2010 list of Top General Contractors. The national ranking is based on the contractor's dollar value for 2009. KBR's Building Group has been named in the Top 10 for the past three years.
KBR today announced it has been awarded a job order contract (JOC) by the State of Missouri to be the preferred provider of renovation and repair construction projects for state owned and managed facilities throughout Missouri. The one-year contract offers four option years for renewal and has an anticipated value of up to $20 million. This is the third consecutive JOC contract that KBR has been awarded by the state.
KBR announced that its Building Group has been awarded a contract by Carolinas HealthCare System (CHS) to provide preconstruction and construction services at its Carolinas Medical Center in Pineville, North Carolina. Construction is underway and is slated for completion by November 2012.
KBR today announced that it has acquired Houston-based Energo Engineering. Energo provides Integrity Management (IM) and advanced structural engineering services to the offshore oil and gas industry. Energo will be integrated into KBR's Granherne subsidiary, which will enable that business to expand its capabilities worldwide as well as support FEED and detailed design projects.
KBR announced that its Building Group has been awarded a $9.5 million contract to provide renovations to the Carlsbad Medical Center in Carlsbad, New Mexico. Construction is underway with completion slated for December 2010.
KBR will host a conference call on Thursday, April 29, 2010, to discuss first quarter financial results. The call will begin at 10:00 AM Central Time (11:00 AM Eastern Time).
KBR announced that its Building Group has been awarded a contract to provide construction services for the Visitor's and Undergraduate Admissions Center at Virginia Polytechnic Institute and State University (Virginia Tech) in Blacksburg, Virginia. Construction is underway and is slated for completion by June 2011.
KBR announced today that its consulting subsidiary, Granherne, has been selected to take part in the FEED contract for the Greenfield sections of Hess Denmark ApS' South Arne Phase 3 Development in the North Sea. Granherne was selected for the study via a competitive bidding process. The project will utilize the combined expertise of Granherne and KBR and has assembled an experienced team to manage the fast track schedule.
KBR announced that its Building Group has been awarded a $25 million contract for the construction of the Lancaster County Courthouse in Lancaster, South Carolina. Lancaster is located approximately 40 miles south of Charlotte, North Carolina. Construction on the project has begun and completion is expected in April 2011.
KBR announced today that it has been awarded a contract with BP-Husky to provide engineering, procurement and other project related services for BP-Husky Refining LLC's $400 Million Reformer 3 equipment upgrade of its Toledo Refinery located in Oregon, Ohio.
KBR announced that its Building Group has been awarded a $94 million contract by Piedmont Healthcare to provide preconstruction and construction services for a replacement facility for Piedmont Newnan Hospital in Newnan, Georgia. When complete, the new hospital is expected to be the tallest building in the southwest metropolitan Atlanta area. The Building Group's Nashville and Atlanta offices are responsible for this significant healthcare construction project, which represents the first phase of a long-term building program planned for this campus.
KBR today announced it has been awarded a task order by the U.S. Army Contracting Command under its current Logistics Civil Augmentation Program (LOGCAP) IV contract. KBR will execute the LOGCAP IV Corps Logistics Support Services (CLSS), Theater Transportation mission (TTM), and Postal Services Task Order in Iraq. The Period of Performance is one base year plus four option years. The award represents KBR's first major Task Order under the LOGCAP IV contract.
KBR announced today that fourth quarter 2009 net income attributable to KBR was $73 million, or $0.45 per diluted share, compared to net income attributable to KBR of $88 million, or $0.54 per diluted share, in the fourth quarter of 2008.
KBR announced today that it has been awarded a contract to provide instrument and electrical support services to Shell's Chemical plant in Deer Park, Texas and its refining joint venture facilities with PMI Norteamérica.
KBR today announced that it has been awarded a contract by Matix Fertilisers and Chemicals Limited (MFCL) – a Company owned by Kanodia family of the Datamatics Group in India – to provide licensing and engineering services for its grassroots 2,200 metric tons per day (MTPD) ammonia plant located in West Bengal, India. MFCL is setting up the largest ammonia/urea (1.3 million tons per annum) manufacturing facilities in the country, along with Captive Power Plant, utilities, infrastructure and railway siding in the complex.
KBR today announced that its Building Group has been awarded a $52 million contract by the State of North Carolina Department of Health & Human Services for construction of a new combined facility for the State Public Health Laboratory and Office of the Chief Medical Examiner in Raleigh, N.C.
KBR announced today that its Building Group has been awarded a contract by the Medical College of Georgia (MCG) to provide construction management services for a new $112 million School of Dentistry on MCG's campus in Augusta, Ga.
KBR today announced its decision to open a Kazakhstan Operating Centre based in Atyrau. KBR has been operating in Kazakhstan since 1992 and has executed significant number of projects in the region.
KBR announced today that it has been awarded a contract by INDORAMA-owned Eleme Petrochemicals Co. Ltd (Eleme) to provide technology licensing and engineering services related to the revamp of Eleme’s Port Harcourt, Nigeria ethylene plant.
KBR announced today that it will present at the Barclays Capital Second Annual Industrial Select Conference on Wednesday, February 17, 2010, at 2:55 PM Eastern Time (1:55 PM Central Time).
KBR announced today that it has been awarded a contract by Woodside to execute a basis of design study for the company's Browse Liquefied Natural Gas (LNG) Development. The study will focus on Woodside's onshore LNG facilities within the Western Australian Government's proposed Browse LNG Precinct in the north of Western Australia.
KBR today announced its M.W. Kellogg Ltd. (MWKL) subsidiary has entered into a license agreement and basic engineering design (BED) agreement with Kawasaki Plant Systems, Ltd. (K-Plant) for the Mary Project, anticipated grassroots ammonia and urea plants to be located in Turkmenistan.
KBR today announced plans to extend its lease and expand its presence in downtown Houston. The downtown expansion will replace previously announced plans to develop a KBR campus in West Houston. The new total of KBR leased space in downtown will be just over 1.2 million square feet at completion.
KBR announced today that Vinnell, Brown & Root, LLC (VBR), a 50/50 joint venture between KBR and Northrop Grumman, has been awarded a contract by the United States Air Force in Europe to provide base operations support services for locations in Turkey and Spain.
KBR will host a conference call on Thursday, February 25, 2010, 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 it has signed a Collaboration Agreement with BP to promote, market, and execute licensing and engineering services for the slurry bed residue and coal upgrading Veba Combi Cracker (VCC) Technology.
KBR announced today that it has been awarded a contract by Houston-based International Alliance Group (IAG) on behalf of Consumers' Co-operative Refineries Ltd. (CCRL) to provide fabricated pipe spools for CCRL's industrial facility in Regina, Saskatchewan, Canada.
KBR announced today its Mexican subsidiary, Commisa, has received an arbitration award against Pemex Exploration and Production (PEP), a subsidiary of PEMEX, the Mexican national oil company. The base award is in the amount of approximately $286M. The award also includes legal and administrative recovery fees as well as interest bringing the award total to in excess of $350M. PEP was awarded approximately $6M on counterclaims, plus interest on a portion of that sum.
KBR announces the appointment of Mark S. Williams as the Group President overseeing KBR's Government & Defense, Infrastructure & Minerals, and Power & Industrial Business Units. Williams' appointment is effective January 18.
KBR announced today that the company's guidance for estimated earnings per diluted share from continuing operations is in the range of $1.60 to $1.80 for the fiscal year 2010.
KBR today announced that its Building Group, has been awarded a $46.96 million contract by the U.S. General Services Administration to provide construction management services for a new United States Federal Building and Courthouse in Tuscaloosa, Alabama. The building, designed to achieve LEED® Silver certification, replaces an outdated existing facility.