Benzinga  Mar 25  Comment 
Analysts at Jefferies downgraded Arch Coal (NYSE: ACI) from “buy” to “hold.” The target price for Arch Coal has been lowered from $8 to $4.75. Arch Coal's shares closed at $4.69 yesterday. Analysts at UBS downgraded Navistar...
Insurance Journal  Mar 7  Comment 
KBR Inc. and Halliburton Co. are not automatically immune from claims by military service members suing over health damage from the contractors’ burn pits, a federal appeals court ruled, reversing a lower court. KBR is entitled to immunity...
TheStreet.com  Mar 3  Comment 
NEW YORK (TheStreet) -- Jefferies reiterated KBR Inc as a "buy" but lowered its price target to $34 from $38. Analyst Luke Folta said, "KBR reported 4Q results substantially below expectations, and were impacted by several charges (pre-tax...
TheStreet.com  Feb 28  Comment 
NEW YORK (TheStreet) -- KBR Inc  is sinking on Friday after fourth-quarter revenue missed analyst consensus. By late morning, shares had taken off 15% to $27.16. The construction and engineering company recorded net income of 18 cents a share...
Benzinga  Feb 28  Comment 
NII Holdings (NASDAQ: NIHD) shares tumbled 52.43% to reach a new 52-week low of $1.23 after the company reported wider-than-expected loss. KBR (NYSE: KBR) shares fell 14.84% to touch a new 52-week low of $27.20 after the company reported...
Wall Street Journal  Feb 27  Comment 
KBR Inc. posted declining revenue for its 18th straight quarter, while its profit decreased 10% as it was also dragged down by various charges.
StreetInsider.com  Jan 22  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Upgrades/Barclays+Upgrades+KBR%2C+Inc.+%28KBR%29+to+Overweight/9075910.html for the full story.
SeekingAlpha  Jan 2  Comment 
By Bret Jensen: It is harder to find value in the market after 2013's almost 30% rise. Investors can either join the momentum trade by jumping on the wagon of high flyers that worked so well in 2013 like Twitter (TWTR) and Netflix (NFLX), sit out...
Benzinga  Jan 2  Comment 
In a report published Thursday, D.A. Davidson & Co. analyst John Rogers reiterated a Buy rating on KBR (NYSE: KBR) with a $40.00 price target. According to the report, shares have appreciated modestly over the past 12 months, the stock has...


KBR, Inc. (KBR) is an international construction, engineering, and services company supporting the energy, government, and civil infrastructure sectors.[1] The Company operates in four segments:Hydrocarbons; Infrastructure, Government & Power ("IGP"); Services; and Other.[1] Revenue from operations in Iraq were 29%, 35%, and 43% of revenue in 2010, 2009, and 2008 respectively, marking decreasing revenues as the war in Iraq winds down.[1] Despite these losses, KBR is partially sheltered from the recession in the United States as a result of extensive operations abroad in countries such as Kazakhstan, Saudi Arabia, and Australia.[2]

Business Growth

Almost 80% of KBR's revenue comes from operations abroad, including operations in Iraq and Afghanistan.[2] As the wars in these two theaters come to an end, revenue will decrease. Revenue from IGP, the segment that deals with contracting in war zones, decreased by 32% between 2009 and 2010.[1] Revenue decreased from $6.3 billion to $4.3 billion in 2009 and 2010 respectively.[1]

Trends and Forces

Infrastructure, Government and Power Revenue Contingent Upon Government Spending

Approximately half of KBR's revenues come from government contracts in war zones such as Afghanistan and Iraq.[1] As operations in Iraq came to an end, KBR incurred a $2 billion loss as a result of decreasing U.S. military need.[1] Furthermore, as international allies end their operations in these theaters, they will have to rely on KBR less for material support.[1]

The Effects of the U.S. Recession are Partially Offset by Operations Abroad

Revenue from international operations has increased to nearly 80% of KBR's total earnings.[1] Though KBR is largely reliant on U.S. and Western government contracts, it has expanded into areas such as Central Asia and the Persian Gulf.[2] These projects namely include building infrastructure for emerging nations; KBR has announced multi-billion dollar contracts to help build mines in Australia and with Rio Tinto and Hancock Prospecting.[2]


KBR competes directly with a growing industry of government contracts that emerged to take advantage of spending in the aftermath of the terrorist attacks of 9/11, as well as traditional engineering and construction companies. These companies include:


  1. 1.0 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 KBR 2010 Annual Report
  2. 2.0 2.1 2.2 2.3 KBR ranked No. 10 on the Washington Technology 2011 Top 100
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