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Stock Market & Financial Investment News

News Breaks
January 14, 2014
08:07 EDTKBR, DDKBR announces EPCM MSA with DuPont
KBR (KBR) announced it has been awarded a five-year Master Services Agreement, or MSA, with DuPont Engineering (DD) to provide engineering, procurement and construction management, or EPCM, services for most DuPont facilities in the U.S. and Mexico. Expected revenue from the first year of the undisclosed contract value will be included in the Hydrocarbons segment's backlog of unfilled orders in Q4. The balance of the contract value will be added to backlog during the life of the agreement. This contract extends the long-standing EPCM services support of DuPont facilities in the U.S. Northeast region to now include the entire U.S. region and Mexico. In combination with the recently awarded industrial services contract, KBR will now provide comprehensive engineering, procurement, construction management, and continuous construction and maintenance services for most DuPont manufacturing sites in the USA. As part of this expanded relationship, KBR will open a new office in Charleston, WV.
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