) announced that it has received a contract by the Dos Republicas
Coal Partnership to provide detailed engineering and technical
assistance services for the Eagle Pass Mine near Eagle Pass,
Texas. The financial details of the contract were not disclosed.
The scope of the contract includes option analysis, detailed
engineering for the material handling system and technical
assistance during the construction phase of the project.
KBR's Minerals business unit is a leading provider of
large-scale mining developments that include engineering,
procurement and construction management (EPCM) services for coal,
iron ore, bulk material handling and coal processing systems.
Some of the major global contracts for KBR in the area of
mining include the EPCM work on the Hope Down North and South
mines in Australia, the development of housing for workers at the
Rio Tinto mine sites in the remote region of Pilbara, and project
risk management for the Koniambo nickel mine.
After the acquisition of Roberts & Schaefer Company, in
2010, KBR has strengthened its position in the mining and
minerals sector with strong capabilities ranging from project
management to port infrastructure.
During the last few quarters, a number of new contracts have
been showering upon KBR. Two of them were turnaround contracts.
These include a contract from a leading chemical company to
perform turnaround services for its pyrolysis gasoline (pygas)
unit on the US Gulf Coast and another from
Suncor Energy Inc.
) to provide turnaround services for its refinery in Edmonton,
Given the favorable scenario, we expect the KBR stock to
experience a revision and show a rising trend in the coming
quarters. KBR also recently hit a 52-week high on May 22, with a
price of $36.27, beating its previous high of $35.67 attained on
May 15, 2013.
KBR currently has Zacks Rank #3 (Hold). Other stocks from the
same sector that look promising include
Michael Baker Corporation
) with a Zacks Rank #1 (Strong Buy) and
Harris & Harris Group, Inc.
) with a Zacks Rank # 2 (Buy).
BAKER (MICHAEL) (BKR): Free Stock Analysis
KBR INC (KBR): Free Stock Analysis Report
SUNCOR ENERGY (SU): Free Stock Analysis
HARRIS & HARRIS (TINY): Get Free Report
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