KBR Secures $88 Mln Defense Contract To Provide Rapid Prototyping Capability
(RTTNews) - KBR, Inc. (KBR), Tuesday announced that the company has secured a task order contract worth $88 million from the Department of Defense Information Analysis Center.
Under the five-year contract, the company will promote rapid prototyping of new technologies into unmanned aviation platforms and systems. The contract also demands demonstration of these technologies in realistic environments. It will also mature designs into producible and sustainable products. The work will be at Naval Air Station Patuxent River.
During the pre-market hours, KBR's stock is trading at $59.06, up 0.78 percent on the New York Stock Exchange.
Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.