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Last $19.24 USD
Change Today -0.24 / -1.23%
Volume 1.4M
KBR On Other Exchanges
As of 8:04 PM 07/1/15 All times are local (Market data is delayed by at least 15 minutes).

kbr inc (KBR) Key Developments

KBR Sells Building

KBR, Inc. (NYSE:KBR) has put The in Greenford, west London up for sale. KBR appointed JLL to sell the building for £ 12 million.

KBR, Inc. Wins Alliance Contract by the Victorian Government for Railroad Crossing Removal Projects in Victoria, Australia

KBR, Inc. announced that it has been awarded an alliance contract by the Victorian Government for Railroad Crossing Removal Projects in Victoria, Australia. Under the terms of the contract, KBR and John Holland will remove four railroad crossings in Victoria. This work is expected to be performed over three years, with KBR providing design services for the railroad crossing removals and associated works in an integrated alliance with John Holland, VicRoads, Metro Trains Melbourne and Public Transport Victoria. The grade separations will be the first undertaken by the Victorian Government as part of its program to remove 50 of the most dangerous and congested railroad crossings across Melbourne. The project will remove railroad crossings at Centre Road in Bentleigh, North Road in Ormond, McKinnon Road in McKinnon and Burke Road in Glen Iris. Delivering the grade separations and station rebuilds at four sites as one coordinated package should create efficiencies in costs, reductions in disruptions to rail and road users and create accelerated delivery of safer transportation infrastructure. The contract value was not disclosed. Expected revenue from the contract will be included in KBR's second quarter 2015 backlog of unfilled orders for its Engineering & Construction business line. Work on the projects has commenced and is expected to be completed in the first quarter of 2017.

Kværner ASA and KBR, Inc. Joint Venture Wins Johan Sverdrup Platform Contract

Kvaerner in a joint venture with KBR has signed a contract with Statoil for the complete delivery of the platform topside to the Johan Sverdrup field development. The agreement to deliver the deck for the utility and living quarter (ULQ) platform comes after a tough international competition, where Kvaerner-KBR presented the best overall bid. The agreement has an estimated total value for the Kvaerner- KBR partnership of approximately NOK 6.7 billion. Kvaerner-KBR joint venture will execute the engineering, procurement and construction (EPC) for the ULQ topside as one complete delivery. The agreement also includes an option for commissioning assistance and offshore hook-up for the platform. As part of a strategic development, Kvaerner has reduced costs and increased productivity throughout its businesses. The improvements include changes to its cost base and work processes, as well as a more effective cooperation with partners and subcontractors. The new contract is a result of these efforts. Through the preparations for the Johan Sverdrup bid, Kvaerner and KBR have established a model which leverages the compatible expertise in the joint venture. The partners will therefore continue to also pursue other future prospects, through a strategic relationship.

KBR, Inc. Wins Front End Engineering Design Contract

KBR, Inc. announced that it has been awarded a near-shore floating LNG Front End Engineering Design (FEED) contract by Lloyds Energy Ltd. Under this contract, the company will provide integrated topsides and hull engineering design services for a nominal 2.5 million TPA floating natural gas liquefaction plant (FLNG). Start-up of the project facilities is expected to take place in 2019. All LNG processing facilities, together with the associated utilities and power generation, will be located on the FLNG barges, which will be moored at the end of a new single jetty, about 3.5km in length. LNG storage will be in the barge hulls and loading will be via a separate LNG carrier berth at the end of the jetty.

KBR Wins Licensing & Design Services Contract for Ammonia Plants

KBR Inc. announced that it has been awarded a contract by OJSC Togliattiazot (ToAZ) to provide licensing, basic engineering design, front-end engineering and design services to revamp ToAZ's existing seven ammonia plants in Togliatti, Samara region, Russia. Under the terms of the contract, KBR will supply ToAZ with its proprietary ammonia technology to significantly increase overall ammonia production capacity while simultaneously increasing energy efficiency and overall reliability of the plants. KBR will use its standard-setting technology to cut production costs for ToAZ. KBR has been involved in the licensing, design, engineering and/or construction of more than 230 ammonia plants worldwide. The contract value was not disclosed. Expected revenue from the contract will be included in KBR's second quarter 2015 backlog of unfilled orders for its Engineering & Construction and Technology & Consulting business lines.


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