) recently won a contract from the U.S. Army Corps of Engineers,
Europe District, to support the first land-based ballistic
missile defense system of the continent at the Deveselu Air Base
of Romania. The contract comes under the purview of the U.S.
Department of Defense and is worth $134 million.
Spanning a 269-acre plot, the Deveselu Air Base was jointly
selected by the United States and Romania for the Aegis Ashore
Missile Defense System. The project will protect North Atlantic
Treaty Organization (NATO) European territories, including
Romania. The Aegis Defense system will be the first land-based
alternative of the Navy's shipboard Aegis Air and Ballistic
Missile Defense System.
The terms of the contract require KBR to move a four-storied
radar deckhouse structure from the East Coast of the U.S. to
Romania. According to the agreement, KBR will also construct
various facilities and infrastructures such as roads, support
buildings, communications, security and utilities. Notably, KBR
will have to utilize its strong technical and project management
capabilities to execute this challenging project.
Lately, KBR has won a number of contracts. The current deal is
the second such contract received by KBR within a week. Earlier,
the company procured a contract from
) - an integrated oil and gas company - to utilize its Residuum
Oil Supercritical Extraction (ROSE) technology for the latter's
Antwerp refinery in Belgium.
KBR is one of the leading global engineering, construction and
services companies, supporting energy, hydrocarbon, government
services, minerals, civil infrastructure, power and industrial
Currently, KBR carries a Zacks Rank #4 (Sell). Better-placed
stocks in the same sector that are worth look include
EMCOR Group Inc.
Chicago Bridge & Iron Company
). Both of them have a Zacks Rank #1 (Strong Buy).
CHICAGO BRIDGE (CBI): Free Stock Analysis
EMCOR GROUP INC (EME): Free Stock Analysis
KBR INC (KBR): Free Stock Analysis Report
TOTAL FINA SA (TOT): Free Stock Analysis
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