KBR Lands Advanced Space Technology Contract With US Air Force For $176 Million

KBR, Inc. (NYSE:KBR) shares are trading lower premarket on Monday. The company disclosed that it won a $176 million cost-plus-fixed-fee indefinite delivery, indefinite quantity (IDIQ) contract by the Air Force Research Laboratory (AFRL).

The contract will provide operations and equipment maintenance support to the Air Force Maui Optical and Supercomputing Site (AMOS) in Maui, Hawaii.

The single-award Advanced Space Technology Research and Optimization (ASTRO) contract has a ceiling of $176M and will include multiple task orders.

As per the deal, KBR will assist with the operation ...