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Stock Market & Financial Investment News

News Breaks
November 12, 2012
16:15 EDTKBRKBR awarded FEED contract for an IGCC project near Jazan Economic City
KBR announced it was awarded a contract to execute front-end engineering and design, or FEED, for an Integrated Gasification Combined Cycle, or IGCC, project near Jazan Economic City, Saudi Arabia. Once complete, it will be the largest gasifier-based power facility built in the world. The IGCC complex will convert vacuum residue to electricity and utilities for a local refinery and export 2.4 Gigawatts of electricity to the Jazan Economic City and the surrounding region. This award follows KBR's recent completion of FEED for the Jazan Refinery and Terminal, a 400,000 bpd facility located near Jazan Economic City. KBR is a global engineering, construction and services company supporting the energy, hydrocarbon, government services, minerals, civil infrastructure, power, industrial, and commercial markets.
News For KBR From The Last 14 Days
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March 3, 2015
10:01 EDTKBROn The Fly: Analyst Downgrade Summary
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05:48 EDTKBRKBR downgraded to Hold from Buy at Jefferies
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February 27, 2015
07:08 EDTKBRKBR sees FY15 EPS ex-items $1.07-$1.22, consensus $1.16
2015 is expected to be a transition year for KBR as the company implements its strategy to focus on the global hydrocarbons and international government services markets. KBR will continue its efforts to exit non-strategic businesses and to reduce operating costs. The company also plans to continue efforts to obtain negotiated resolutions of ongoing commercial disputes and will continue to defend against unjustified claims. KBR currently forecasts 2015 legal costs associated with legacy U.S. Government contracts to range from $18M-$25M. Excluding these legacy-related costs, the company expects 2015 fully diluted EPS to be in the range of $1.07-$1.22.
07:07 EDTKBRKBR reports Q4 EPS ($8.57), may not compare to consensus 21c
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February 20, 2015
09:37 EDTKBRKBR awarded ammonia plant EPC contract
KBR announced that it has executed an EPC contract with Yara International and BASF Group's new joint production company to provide ammonia synthesis licensed technology and engineering, procurement and construction to build a world-scale ammonia plant at BASF's site in Freeport, Texas. Expected revenue from the contract will be included in Q1 backlog for KBR's Engineering and Construction segment.
February 19, 2015
08:40 EDTKBRKBR, Showa Denko sign multi-technology acetyls licensing agreement
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