KBR's KBRwyle Receives $114M For Task Order From US Army
Zacks Investment Research | Dec 11, 2018 10:30PM ET
KBR, Inc.’s (NYSE:KBR) government services unit, KBRwyle has recently clinched two task order modifications amounting to $114 million from the Army Contracting Command, under which the company will provide logistics support services to the U.S. Army in Europe and the Arabian Peninsula.
Out of the total $114 million, task order modifications of $53 million has been awarded to provide maintenance support, base operating support services, along with assistance in transporting ammunitions as well as explosives to U.S. European Command. The company received a contract extension of six months on the task order contract, which was previously awarded in August 2015.
Moreover, task order modifications of $61 million has been awarded to provide logistics support to the U.S. military in Kuwait and the United Arab Emirates. Major services include facilities and waste management, laundry services, transportation operations and fire shield. This is the third option year on the task order that was awarded in April 2015.
The move underscores KBR's solid presence and expertise in providing professional services to support military needs.
Meanwhile, shares of the company have declined 13% over a year, comparing favorably with its Zacks Investment Research
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