) won a turnaround services contract from a leading supplier of
agricultural products. The scope of the contract involves
providing turnaround services for the agricultural company's
ammonia furnace revamp and supporting expansion project in
Borger, Texas. The financial terms of the deal were not
As per the agreement, KBR will be providing turnaround
construction and project management services for the shutdown,
maintenance and retubing of the ammonia furnace. The ammonia
furnace revamp is expected to take place in Aug 2013.
The proposed plant turnaround services are expected to
increase efficiencies and operational life of the furnace that
will be designed by KBR. The contract will be included in KBR's
Services business group primarily delivers full-scope
construction, construction management, fabrication,
operations/maintenance, commissioning/startup and turnaround
expertise worldwide to a broad variety of markets including oil
and gas, petrochemicals processing, mining, power, alternate
energy, pulp and paper, industrial and manufacturing and consumer
Services revenue increased by $43 million in 2012 from 2011.
This increase is primarily driven by increases of $167 million in
Canada product line and $121 million in our U.S. Construction
product line due to several new awards and increased activity on
Recently, KBR received a contract for the inspection and
repair for a large recovery boiler in Jesup, Georgia. As per the
terms of the contract, KBR will execute project management and
field construction services during the inspection and repair of
the recovery boiler. The contract will also be booked into the
company's Industrial Services division.
KBR currently holds a Zacks Rank #3 (Hold). Other stocks worth
a look in the services sector are
Chicago Bridge & Iron
AECOM Technology Corporation
Jacobs Engineering Group Inc.
); all having a Zacks Rank #2 (Buy).
AECOM TECH CORP (ACM): Free Stock Analysis
CHICAGO BRIDGE (CBI): Free Stock Analysis
JACOBS ENGIN GR (JEC): Free Stock Analysis
KBR INC (KBR): Free Stock Analysis Report
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