) received a contract from the London Mayor's Office for Policing
and Crime to provide facilities management integrator services to
the Metropolitan Police Service. The financial details of the
contract were not disclosed.
The Metropolitan Police Service is the biggest police force of
Britain and covers an area of 620 square miles and a population
of 7.2 million.
KBR was awarded the contract after a competitive bidding
process and the scope of the contract includes procurement,
managing and auditing the facilities management supply chain for
the Metropolitan Police Service.
The contract will be included in KBR's Services segment. The
Services business group primarily delivers full-scope
construction, construction management, fabrication,
operations/maintenance, commissioning/startup and turnaround
expertise. Services revenue increased by $43 million in 2012
as compared to 2011.
This increase was primarily driven by increases of $167
million in the company's Canada product line and $121 million in
the U.S. Construction product line due to several new awards and
increased activity on new projects.
In addition, KBR will also design and manage a building
management system in order to cut overall maintenance costs for
the Metropolitan Police. Further, KBR plans to set up and manage
a facilities management call centre.
KBR has more than two decades of experience of delivering
effective and efficient services to the U.K. public sector. The
company has received about 350 major contracts across 29 central
and local government departments.
KBR currently carries a Zacks Rank #3 (Hold). Other stocks
operating in a similar industry and worth a look are
Chicago Bridge & Iron
Orion Marine Group Inc.
Honeywell International Inc
). All the three stocks carry a Zacks Rank #2 (Buy).
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