Last $18.08 USD
Change Today +0.34 / 1.92%
Volume 1.9M
KBR On Other Exchanges
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As of 8:04 PM 10/17/14 All times are local (Market data is delayed by at least 15 minutes).

kbr inc (KBR) Key Developments

KBR Daewoo Consortium Wins FLNG FEED Contract

KBR, Inc. announced that the KD Consortium, consisting of KBR and Daewoo Shipbuilding & Marine Engineering Company, Ltd. has been awarded a front end engineering design (FEED) contract by Eni East Africa SpA for a floating liquefied natural gas (FLNG) facility for the Coral South Development Project located in Mozambique. With the award, the KD consortium will be one of three consortia competing for the engineering, procurement, construction, installation and commissioning (EPCIC) contract to build the new floating LNG facility for Eni East Africa and its partners to develop the hydrocarbon discovery in the Rovuma Basin in Mozambique. Only one consortium will be chosen to take the project to the EPCIC phase. Three important milestones of this combined FEED-EPCIC competition are: FEED activities started in May 2014; FEED completion date is set to be end of April 2015; and EPCIC offer submission is foreseen by end of May 2015. The KD Consortium will provide the FEED for the Topsides, Hull and Subsea for the Floating LNG facility. The Topsides and Turret are being designed in KBR's Leatherhead office while the hull and marine system are being engineered in DSME's facility in Seoul, South Korea. The FLNG facility will be a turret moored double-hull floating vessel, on which gas receiving, processing, liquefaction, and offloading facilities will be mounted together with LNG and condensate storage.

KBR Inc. Appoints Mark E. Baldwin as Member of the Board of Directors

KBR Inc. announced the election of Mark E. Baldwin as a member of the KBR Board of Directors effective October 3, 2014. Mr. Baldwin retired from Dresser-Rand Group Inc., on April 30, 2013, after serving as its Chief Financial Officer and Executive Vice President since his appointment in 2007.

KBR, Inc. Declares Quarterly Cash Dividend, Payable on January 15, 2015

KBR, Inc. announced that its board of directors has declared a quarterly cash dividend of 8 cents ($0.08) per share on the company's common stock, par value $0.001 per share, to be payable on January 15, 2015 to stockholders of record on December 15, 2014.

KBR and Rheinmetall Join Forces To Acquire Defence Support Group

Rheinmetall Defence Electronics GmbH and KBR, Inc. (NYSE:KBR) have submitted a joint venture bid to acquire Defence Support Group. Deniz Akituerk, Rheinmetall Defence UK Director said the combination of Rheinmetall's land systems engineering capability, KBR's unparalleled project management skills and the knowledge and dedication of the DSG workforce makes a compelling case for the acquisition of DSG. Other companies bidding to take over DSG include DynCorp Inc., General Dynamics Corp. (NYSE:GD), Northrop Grumman Corporation (NYSE:NOC) and URS Corporation (NYSE:URS), as reported by DefenseNews.

COOEC And KBR Speculated As Buyers For Kværner

Dagens Næringsliv speculated that Offshore Oil Engineering Co., Ltd. (SHSE:600583) (COOEC) and KBR, Inc. (NYSE:KBR) could be a possible buyers of Kværner ASA (OB:KVAER), which is evaluating its strategic options.

 

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