KBR Inc. (
announced that it has received a contract from VicRoads, a state
government agency in Victoria, Australia,for a road and rail
project. In an alliance agreement between John Holland, Metro
Trains Melbourne and Public Transport Victoria, KBR procured the
contract worth $145 million. As per the terms of the contract,
KBR will provide engineering and design services for the Mitcham
Road and Rooks Road Rail Separation Project located in Victoria,
KBR is a leading global engineering, construction and services
company offering a wide range of civil and government
infrastructure, and technological services through its multiple
business segments. In this rail and road project, KBR will be
providing preliminary and detailed designing services. In
addition, KBR will also be helping with its highly experienced
technical advices during the construction work.
The project plan aims at replacing approximately 1.8 k.m rail
tracks along with the construction of a new premium station. John
Holland will be assuming the responsibilities of the construction
work. This long-term improvement project work will also involve
grade separation of Rooks and Mitcham roads from the railway.
Since the last reported quarter, contracts have been pouring
in for KBR. The company received a number of multi-million
contracts including the recent construction services contract
from INVISTA and the design-build contract for new aircraft
manufacturing facility by Triumph Aerostructures. With this
steady inflow of new orders, the company is expected to report a
growth in revenue and margins in the coming quarters.
KBR currently holds a Zacks Rank #3 (Hold). Other stocks worth
a look in the services sector are
Michael Baker Corporation (
, holding a Zacks Rank #1 (Strong Buy),
Harris & Harris Group, Inc. (
Quanta Services, Inc. (
carrying a Zacks Rank #2 (Buy) each.
BAKER (MICHAEL) (BKR): Free Stock Analysis
KBR INC (KBR): Free Stock Analysis Report
QUANTA SERVICES (PWR): Free Stock Analysis
HARRIS & HARRIS (TINY): Get Free Report
To read this article on Zacks.com click here.