©Reuters.
Houston – KBR Co., Ltd. . (NYSE:), a global technology and engineering company, has been awarded her $60.7 million task order to provide cybersecurity support to the Naval Information Warfare Center (NIWC) Atlantic.
This task order, part of KBR's Seaport NxG IDIQ contract, is aimed at strengthening the Defense Health Agency's (DHA) cybersecurity framework, which manages the military's medical system's integrated clinical and operational operations. There is.
The agreement announced today includes a base term of one year and three additional one-year options. If fully exercised, the mission order could have an estimated total value of $245.6 million over four years. KBR's services are focused on cybersecurity and information assurance and are provided in a variety of locations within and outside the continental United States.
KBR's responsibilities under this agreement include performing assessments and authorizations, developing cyber tools, evaluating security controls, and providing ongoing cybersecurity support. The company's cyber tools are designed to comply with the National Institute of Standards and Technology's Risk Management Framework (RMF), ensuring systems are secure and meet federal guidelines.
Byron Bright, president of KBR Government Solutions US, said the work is “critical to the protection and security of the Defense Health Agency's infrastructure” and has far-reaching implications for the military health system, highlighting the importance of the contract. emphasized.
KBR has approximately 34,000 employees worldwide, serves customers in more than 80 countries, and has operations in more than 30 countries. The company is known for providing science, technology and engineering solutions to governments and businesses around the world.
The information in this article is based on the press release.
Investment Pro Insights
Several key financial metrics and insights that may be of interest to investors as KBR Inc. (NYSE:KBR) secures a critical cybersecurity mission order to support Naval Information Warfare Center Atlantic Worth paying attention to. With a market capitalization of $8.26 billion as of Q4 2023 and impressive revenue growth of 5.97% over the past 12 months, KBR exhibits a solid financial position. Moreover, the company's revenue continues to grow quarter-on-quarter, with an increase of 7.59% reported in the first quarter of 2023.
According to InvestingPro Tips, KBR has increased its dividend for four consecutive years, demonstrating its commitment to returning value to shareholders. This is further supported by the company maintaining its dividend for his 17th consecutive year. Despite challenges such as a low trailing-12-month gross profit margin of 14.05% as of Q4 2023, analysts expect KBR to be profitable this year, which is lower than the company's historical Considering the company's performance and future prospects, this could be a positive sign for investors.
Additionally, KBR stock is known for its low price volatility, which may be attractive to investors looking for stability in their portfolio. For those interested in a more in-depth analysis, additional his InvestingPro Tips are available that provide a more comprehensive view of KBR's financial health and earnings outlook. To access these insights, visit InvestingPro and consider using a coupon code. pro news 24 Get an extra 10% off annual or biennial Pro and Pro+ subscriptions.
Investors should also note the expected closing date of April 25, 2024. This could provide further clarity on the company's financial trajectory and the impact the new cybersecurity contract will have on its growth strategy.
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