© Reuters.
HOUSTON – KBR Inc . (NYSE:), a world expertise and engineering agency, has been awarded a $60.7 million job order to offer cybersecurity assist to the Naval Data Warfare Middle (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 medical and enterprise operations.
The contract, introduced as we speak, features a base interval of 1 12 months with three further one-year choices. If absolutely exercised, the duty order may attain an estimated whole worth of $245.6 million over 4 years. KBR’s companies will likely be delivered at varied areas inside and outdoors the Continental U.S., specializing in cybersecurity and data assurance.
KBR’s obligations beneath 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 pointers.
Byron Vibrant, President of KBR Authorities Options U.S., emphasised the significance of the contract, stating that the work is “essential 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 clients in additional than 80 international locations and working in over 30 international locations. The corporate is understood for delivering science, expertise, and engineering options to governments and corporations globally.
The data on this article is predicated on a press launch assertion.
InvestingPro Insights
As KBR Inc. (NYSE:KBR) secures a major cybersecurity job order to assist the Naval Data Warfare Middle Atlantic, it is price noting some key monetary metrics and insights that might curiosity buyers. With a market capitalization of $8.26 billion and a notable income development of 5.97% within the final twelve months as of This fall 2023, KBR demonstrates a stable monetary standing. Moreover, the corporate’s income has continued to develop quarterly, with a 7.59% enhance 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, akin to weak gross revenue margins at 14.05% for the final twelve months as of This fall 2023, analysts predict that KBR will likely be worthwhile this 12 months, which could possibly be a optimistic signal for buyers contemplating the corporate’s previous efficiency and future potential.
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Traders also needs to 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.
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