KBR, Inc. (KBR) Secures a Seat on Multiple Indefinite Delivery Indefinite Quantity Contracts By US Navy

KBR, Inc. (NYSE:KBR) is one of the Best Affordable Stocks to Buy According to Analysts. On December 18, KBR, Inc. (NYSE:KBR) announced securing a seat on multiple indefinite delivery indefinite quantity contracts by the US Naval Supply Systems Command.

Management noted that this will allow the company to bid on tasks supporting military operations and humanitarian efforts. The award has a 5-year base period along with an optional 5-year extension and a $20 billion ceiling. Moreover, management also highlighted that as a result of this award, the company will compete for fixed-price tasks, including stability operations, civil support, supply chain services, humanitarian aid, and disaster relief within the US.

That said, recently on December 19, Tobey Sommer from Truist Financial reiterated a Buy rating on KBR, Inc. (NYSE:KBR) but lowered the price target from $62 to $50. The analyst noted that the reduced price target is based on the suspension of the Lake Charles LNG project, which the firm believes has impacted the company’s outlook. Moreover, Truist also lowered its Sustainable Technology Solutions estimates for 2026 and 2027, due to the same reasons, and now expects the company to deliver around $800 million as EBITDA in 2027.

KBR Inc. (NYSE:KBR) provides scientific, technology, and engineering solutions to governments and commercial customers worldwide. It operates through Government Solutions and Sustainable Technology Solutions segments.

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Disclosure: None. This article is originally published at Insider Monkey.