KBR, Inc. Contract Termination by Transcom Leads to -7.2% Stock Drop

By Ahmed Jameison • Friday, June 20 15:25 • Permanent Link

KBR, Inc. (NYSE: KBR) recently announced that the U.S. Transportation Command (Transcom) has terminated Homesafe Alliance's role in the global household goods contract. Despite this development, KBR stated that it does not expect a material effect on its adjusted EBITDA for 2025.

In the initial year of move activity, the program was not assumed to contribute to profits, so KBR's outlook for adjusted EBITDA for 2025 remains unchanged. This termination has been highlighted as not expected to have a significant impact on KBR's financial performance for the year.

KBR, a company employing approximately 38,000 people worldwide, provides science, technology, and engineering solutions to governments and companies across more than 80 countries. The company aims to deliver technology, value-added services, and long-term operations and maintenance services to ensure consistent delivery with predictable results.

This change in the contract with Homesafe Alliance and its termination by Transcom is a notable development in KBR's operations for 2025. Today the company's shares have moved -7.2% to a price of $48.98. For the full picture, make sure to review KBR, INC.'s 8-K report.

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