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Stock Market & Financial Investment News

News Breaks
June 19, 2014
07:06 EDTKBRKBR to undertake strategic review of businesses
KBR CEO Stuart Bradie said, "Overall results were disappointing and were negatively impacted by losses stemming from our Service segment's pipe fabrication and module assembly facility in Canada and on two U.S. construction projects, as well as underperformance in our IGP business. Our Hydrocarbons and especially our Gas Monetization segments continued their strong performance. The company will undergo an in-depth strategic review of its businesses and how we can best address the markets we serve. Once completed, we will provide an update to the market and expect to resume our previous practice of providing earnings guidance. Looking forward, the company's market position remains strong with a good pipeline of early stage front end engineering design and engineering procurement and construction opportunities throughout the world."
News For KBR From The Last 14 Days
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October 31, 2014
08:16 EDTKBRKBR awarded $50M NAVFAC job order construction contract
KBR announced that it has been awarded an indefinite-delivery/indefinite quantity job order construction contract by the Naval Facilities Engineering Command Europe Africa Southwest Asia for the largest U.S. base in Africa. This contract award is the second recent contract awarded to KBR by NAVFAC to support military operations at Camp Lemonnier in Djibouti, Africa. KBR is currently performing operations and maintenance services under the Base Operations Support Services contract. Under the terms of the contract, KBR will perform renovations, repairs, maintenance, replacement, alterations, demolition and small/midcap construction for Department of Defense activities in Djibouti, Africa. The value of the contract awarded to KBR is valued up to $50M over five years.
October 30, 2014
08:16 EDTKBRKBR awarded FEED contract for Tangguh LNG Project expansion
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October 23, 2014
09:15 EDTKBRKBR awarded Statoil global MSA
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