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June 20, 2014
08:31 EDTKBRKBR valuation compelling, says DA Davidson
After KBR reported a higher than expected Q1 per share loss, DA Davidson continues to expect KBR to benefit from a substantial recovery in revenue and EPS over the longer term. The firm expects the company's profits to rise as a result of growth in downstream processing work and very large LNG project opportunities. The firm keeps a Buy rating on the shares.
News For KBR From The Last 14 Days
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November 24, 2015
06:57 EDTKBRKBR awarded contract by G2 LNG
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November 16, 2015
06:52 EDTKBRKBR signs engineering, procurement & construction contract for Magnolia project
KBR announced the signing of a major engineering, procurement and construction contract by Magnolia LNG for a liquefied natural gas facility at the Port of Lake Charles, Louisiana, USA. KBR will lead the KSJV joint venture with SK Engineering & Construction for execution of the project. The EPC contract covers the detailed engineering, procurement and construction of four LNG production trains each with design capacity of 2 million tonnes per annum, two 160,000 m3 full containment LNG storage tanks, LNG marine and ship loading facilities, and supporting infrastructure. The project will rely on innovative technology involving ammonia pre-cooling for the core liquefaction process, Optimized Single Mixed Refrigerant, developed by MLNG's parent company, LNG Limited, to achieve a lower cost, more efficient and more environmentally friendly plant. KSJV engineering and procurement services will commence immediately and subject to final regulatory approval, construction mobilization on the project is expected to begin the first quarter of 2016. Work on detailed design and early construction planning will proceed immediately under a Limited Notice to Proceed with final release expected in 2016.

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