KBR secures $60.7 million cybersecurity contract By Investing.com

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© Reuters.

HOUSTON – KBR Inc . (NYSE:), a world know-how and engineering agency, has been awarded a $60.7 million process order to supply cybersecurity assist to the Naval Info Warfare Heart (NIWC) Atlantic.

The duty order, a part of KBR’s Seaport NxG IDIQ contract, goals to bolster the cybersecurity framework for the Protection Well being Company (DHA), which manages the Army Well being System’s built-in scientific and enterprise operations.

The contract, introduced right now, features a base interval of 1 yr with three further one-year choices. If absolutely exercised, the duty order might attain an estimated complete worth of $245.6 million over 4 years. KBR’s providers might be delivered at varied places inside and out of doors the Continental U.S., specializing in cybersecurity and knowledge assurance.

KBR’s obligations underneath this contract embody evaluation and authorization execution, improvement of cyber instruments, safety management assessments, and ongoing cybersecurity assist. The corporate’s cyber instruments are designed to adjust to the Nationwide Institute of Requirements and Know-how’s Threat Administration Framework (RMF), making certain that programs are safe and meet federal tips.

Byron Shiny, President of KBR Authorities Options U.S., emphasised the significance of the contract, stating that the work is “vital to the safety and safety of the Protection Well being Company’s infrastructure,” which has widespread implications for the Army Well being System.

KBR employs roughly 34,000 folks worldwide, serving prospects in additional than 80 nations and working in over 30 nations. The corporate is thought for delivering science, know-how, and engineering options to governments and corporations globally.

The knowledge on this article relies on a press launch assertion.

InvestingPro Insights

As KBR Inc. (NYSE:KBR) secures a big cybersecurity process order to assist the Naval Info Warfare Heart Atlantic, it is price noting some key monetary metrics and insights that might curiosity traders. With a market capitalization of $8.26 billion and a notable income development of 5.97% within the final twelve months as of This autumn 2023, KBR demonstrates a stable monetary standing. Moreover, the corporate’s income has continued to develop quarterly, with a 7.59% improve reported in Q1 2023.

InvestingPro Suggestions point out that KBR has raised its dividend for 4 consecutive years, showcasing a dedication to returning worth to shareholders. That is additional supported by the corporate’s upkeep of dividend funds for 17 consecutive years. Regardless of challenges, similar to weak gross revenue margins at 14.05% for the final twelve months as of This autumn 2023, analysts predict that KBR might be worthwhile this yr, which could possibly be a optimistic signal for traders contemplating the corporate’s previous efficiency and future potential.

Furthermore, KBR’s inventory is thought to commerce with low worth volatility, which could enchantment to traders searching for stability of their portfolio. For these eager about deeper evaluation, there are further InvestingPro Suggestions obtainable, offering a extra complete view of KBR’s monetary well being and efficiency prospects. To entry these insights, go to InvestingPro and think about using the coupon code PRONEWS24 to get an extra 10% off a yearly or biyearly Professional and Professional+ subscription.

Traders must also concentrate on the upcoming earnings date on April 25, 2024, which can present additional readability on the corporate’s monetary trajectory and the influence of the brand new cybersecurity contract on its development technique.

This text was generated with the assist of AI and reviewed by an editor. For extra info see our T&C.

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