) recently won a multi-year Job Order Contract (JOC) from Dallas,
Texas to provide construction services at the city's various
municipal facilities. The contract is initially for two years
with an option of 3 one-year renewals.
The agreement requires KBR to provide renovation and
construction services to the City of Dallas, including Love Field
airport. The latter is currently undergoing a Love Field
Modernization Program (LFMP) for renovation and expansion. The
renovation program intends to build a new centralized concourse
with 20 gates, a remodeled lobby, expanded baggage claim area and
a new ticketing wing.
KBR is one of the leading providers of On-Call Construction
and JOC with over 26 years of experience. The company has
successfully executed more than 70 Indefinite Delivery/Indefinite
Quantity (IDIQ) JOC contracts. KBR's JOC business works on
numerous repair/renovation construction projects, such as
interior renovation, green/sustainable projects, emergency/urgent
repairs/renovations and HVAC repairs/renovations.
KBR has been lately winning a series of contracts. A couple of
weeks ago, the company secured 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 deal comes under the
purview of the U.S. Department of Defense and is worth $134
million. Such deals are expected to provide a steady revenue
stream for the company.
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 a look include
Dycom Industries Inc
Chicago Bridge & Iron Company N.V.
EMCOR Group Inc.
). While both Dycom and Chicago Bridge have a Zacks Rank #1
(Strong Buy), EMCOR carries a Zacks Rank #2 (Buy).
CHICAGO BRIDGE (CBI): Free Stock Analysis
DYCOM INDS (DY): Free Stock Analysis Report
EMCOR GROUP INC (EME): Free Stock Analysis
KBR INC (KBR): Free Stock Analysis Report
To read this article on Zacks.com click here.