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Share Name | Share Symbol | Market | Type |
---|---|---|---|
KBR Inc | NYSE:KBR | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.28 | 0.42% | 66.79 | 66.98 | 65.86 | 66.76 | 1,211,186 | 01:00:00 |
HOUSTON, June 19, 2018 /PRNewswire/ -- KBR, Inc. (NYSE: KBR) announced today it has been working on the Front End Engineering and Design (FEED) to double the sulfur derivatives production capacities at Arkema's Beaumont,Texas site.
KBR has been leading the FEED from its Houston Operations Center and the on-going effort is expected to be completed in Q3 2018 with Final Investment Decision expected in Q4 2018. KBR will then have the opportunity to provide detailed engineering, procurement and construction (EPC) services for the facility.
"This significant award demonstrates KBR's integrated engineering, procurement and construction offerings, from the front end loading, through detailed design, to full construction services for the entire project," said Farhan Mujib, President, Hydrocarbons Services Americas. "I am delighted for this opportunity to further KBR's new and growing partnership with Arkema, and look forward to further supporting Arkema on this important project."
For more than 40 years, KBR has designed, constructed and maintained hundreds of chemical plants across the globe.
About KBR, Inc.
KBR is a global provider of differentiated professional services and technologies across the asset and program lifecycle within the Government Services and Hydrocarbons sectors. KBR employs approximately 34,000 people worldwide (including our joint ventures), with customers in more than 75 countries, and operations in 40 countries, across three synergistic global businesses:
KBR is proud to work with its customers across the globe to provide technology, value-added services, integrated EPC delivery and long term operations and maintenance services to ensure consistent delivery with predictable results. At KBR, We Deliver.
Visit www.kbr.com
Forward Looking Statement
The statements in this press release that are not historical statements, including statements regarding future financial performance, are forward-looking statements within the meaning of the federal securities laws. These statements are subject to numerous risks and uncertainties, many of which are beyond the company's control that could cause actual results to differ materially from the results expressed or implied by the statements. These risks and uncertainties include, but are not limited to: the outcome of and the publicity surrounding audits and investigations by domestic and foreign government agencies and legislative bodies; potential adverse proceedings by such agencies and potential adverse results and consequences from such proceedings; the scope and enforceability of the company's indemnities from its former parent; changes in capital spending by the company's customers; the company's ability to obtain contracts from existing and new customers and perform under those contracts; structural changes in the industries in which the company operates; escalating costs associated with and the performance of fixed-fee projects and the company's ability to control its cost under its contracts; claims negotiations and contract disputes with the company's customers; changes in the demand for or price of oil and/or natural gas; protection of intellectual property rights; compliance with environmental laws; changes in government regulations and regulatory requirements; compliance with laws related to income taxes; unsettled political conditions, war and the effects of terrorism; foreign operations and foreign exchange rates and controls; the development and installation of financial systems; increased competition for employees; the ability to successfully complete and integrate acquisitions; and operations of joint ventures, including joint ventures that are not controlled by the company.
KBR's most recently filed Annual Report on Form 10-K, any subsequent Form 10-Qs and 8-Ks, and other U.S. Securities and Exchange Commission filings discuss some of the important risk factors that KBR has identified that may affect the business, results of operations and financial condition. Except as required by law, KBR undertakes no obligation to revise or update publicly any forward-looking statements for any reason.
View original content with multimedia:http://www.prnewswire.com/news-releases/kbr-announces-feed-plus-epc-option-contract-from-arkema-300668070.html
SOURCE KBR, Inc.
Copyright 2018 PR Newswire
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