QUOTE AND NEWS
Forbes  Dec 15  Comment 
A high-profile qui tam suit against Kellogg, Brown & Root and Halliburton continues to generate important case law relating to the scope of attorney-client privilege and work product protection given to internal investigations.
Wall Street Journal  Dec 11  Comment 
KBR Inc. plans to restructure its operations and shed or exit some noncore segments following a strategic review as it aims to reduce its operating costs.
Benzinga  Dec 11  Comment 
Global engineering, construction and services company KBR, Inc. (NYSE: KBR) today announced the results of a major Strategic Review which will see the company become a more streamlined, empowered and accountable global organization with three...
Market Intelligence Center  Dec 4  Comment 
The patented option-trade picking algorithms that power MarketIntelligenceCenter.com's Artificial Intelligence Center are highlighting two trades on KBR (KBR) today after it closed at $17.30 on Wednesday. For more conservative investors, look at a...
Benzinga  Nov 28  Comment 
Analysts at Vertical Research downgraded KBR (NYSE: KBR) to Sell, according to Bloomberg. KBR shares have dropped 43.93% over the past 52 weeks, while the S&P 500 index has surged 14.79% in the same period. KBR's shares fell 2.27% to close at...
TheStreet.com  Nov 21  Comment 
NEW YORK -- It didn't take long for option traders to clean up in a couple of names on Thursday.  OptionMonster's Heat Seeker system detected call buying in the iShares U.S. Home Construction Fund shortly after the opening bell. It was...
The Hindu Business Line  Nov 19  Comment 
K Nityanand Reddy, Vice-Chairman of Aurobindo Pharma, one of India’s top five pharma firms, escaped a daring abduction bid by an armed assailant near KBR Park in the heart of Hyderabad on Wednesda...
The Hindu Business Line  Nov 19  Comment 
K Nityanand Reddy, Vice-Chairman of Aurobindo Pharma, one of India’s top five pharma firms, escaped a daring abduction bid by an armed assailant near KBR Park in the heart of Hyderabad on Wednesda...
Wall Street Journal  Nov 6  Comment 
KBR Inc. swung to a third-quarter profit as the company recorded a $24 million benefit related to a settlement of a tax-sharing dispute with its former parent.




RELATED WIKI ARTICLES
 

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]

Competition

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:

References

  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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