ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

KBR Awarded Estimated $229M Contract for U.S. Army Cargo Helicopter Systems

HOUSTON, March 18, 2025 (GLOBE NEWSWIRE) -- KBR (NYSE: KBR) announced it has been awarded an estimated $229M recompete task order under the Department of Defense Information Analysis Center’s (DoDIAC) multiple-award contract (MAC) vehicle to provide life cycle research and analysis for U.S. Army Cargo Helicopter Systems. These DoD IAC MAC task orders are awarded by the U.S. Air Force's 774 Enterprise Sourcing Squadron to develop and create new knowledge for the enhancement of the Defense Technical Information Center (DTIC) repository and the research and development and science and technology community. The work will be performed in Huntsville, Alabama over a period of five years.

Under the terms of the contract, KBR will research, analyze, assess, and develop recommendations to increase availability, improve reliability, and reduce support costs for the CH-47 Chinook helicopter for Cargo Helicopter (CH) Project Management Office (PMO) and Foreign Military Sales (FMS) partners. To achieve this objective, KBR will perform maintainability, quality, supportability, and interoperability analyses and strategies. The team will also provide logistics management, testing program management, independent verification and validation, and life cycle and cost analyses to refine and improve sustainability initiatives.

The CH-47 Chinook is a critical workhorse of the Army fleet used for troop and cargo transport, medical evacuation, search and rescue, and disaster relief as well as combat operations.

“This is a significant win for KBR and we’re proud to continue supporting this important program and the wider U.S. Department of Defense,” said Stuart Bradie, KBR President and CEO. “Our subject matter experts play an important role in developing and maintaining systems for the U.S. military, which is critical for national security.”

For more than 35 years, KBR has supported the Aviation PEO and the company is a 10-year incumbent on predecessor contracts to perform work on U.S. Army CH-47 helicopters.

ABOUT THE DODIAC PROGRAM
“The DoDIAC, sponsored by the Defense Technical Information Center, provides technical data management and research support for DoD and federal government users. Established in 1946, the IAC program serves the DoD science & technology (S&T) and acquisition communities to drive innovation and technological developments by enhancing collaboration through integrated scientific and technical information development and dissemination for the DoD and broader S&T community”.

About KBR
We deliver science, technology and engineering solutions to governments and companies around the world. KBR employs approximately 38,000 people worldwide with customers in more than 80 countries and operations in over 29 countries. KBR is proud to work with its customers across the globe to provide technology, value-added services, and long-term operations and maintenance services to ensure consistent delivery with predictable results. At KBR, We Deliver.

Visit www.kbr.com

Forward-Looking Statements

The statements in this press release that are not historical statements, including statements regarding performance periods, contract values and project outcomes, are forward-looking statements within the meaning of the federal securities laws. These statements are subject to numerous risks, uncertainties and assumptions, many of which are beyond the company’s control, that could cause actual results to differ materially from the results expressed or implied by the statements. These risks, uncertainties and assumptions include, but are not limited to, those set forth in the company’s most recently filed Annual Report on Form 10-K, any subsequent Form 10-Qs and 8-Ks and other U.S. Securities and Exchange Commission filings, which discuss some of the important risks, uncertainties and assumptions that the company has identified that may affect its business, results of operations and financial condition. Due to such risks, uncertainties and assumptions, you are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof. Except as required by law, the company undertakes no obligation to revise or update publicly any forward-looking statements for any reason.

For further information, please contact:

Investors
Jamie DuBray
Vice President, Investor Relations
713-753-5082
Investors@kbr.com

Media
Philip Ivy
Vice President, Global Communications and Marketing
713-753-3800
MediaRelations@kbr.com


Primary Logo

Recent Quotes

View More
Symbol Price Change (%)
AMZN  218.94
+0.00 (0.00%)
AAPL  260.29
+0.00 (0.00%)
AMD  199.20
-0.25 (-0.13%)
BAC  49.81
+0.00 (0.00%)
GOOG  300.91
+0.00 (0.00%)
META  660.57
+0.00 (0.00%)
MSFT  410.57
-0.11 (-0.03%)
NVDA  183.34
+0.00 (0.00%)
ORCL  154.79
+0.00 (0.00%)
TSLA  405.55
+0.00 (0.00%)
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.