KBR adds Nchacha E. Etta to its board of directors

HOUSTON - KBR, Inc. (NYSE: NYSE:KBR), a global provider of science, technology, and engineering solutions, announced today the appointment of Nchacha E. Etta to its Board of Directors, effective immediately. Etta currently serves as the executive vice president and chief financial officer of Omnicell (NASDAQ:OMCL), Inc., a healthcare technology company.

With over two decades of experience in global finance within the healthcare and consumer products sectors, Etta's expertise spans a range of high-profile positions. Before his tenure at Omnicell, he was the senior vice president and chief financial officer for Essilor of America, Inc., and he has held the role of worldwide vice president and chief financial officer at Johnson & Johnson Vision from 2015 to 2019. His career also includes senior finance roles at The Coca-Cola Company (NYSE:KO) and earlier positions at Microsoft Corporation (NASDAQ:MSFT), Eli Lilly (NYSE:LLY) & Company, The Carlyle Group (NASDAQ:CG), and Orano Cycle.

Etta's educational background includes a Bachelor of Science degree in Accounting from George Mason University and a Master of Business Administration degree in Finance from Howard University.

General Lester Lyles, USAF (Ret.), Chairman of KBR's board, expressed confidence in Etta's appointment, citing his extensive multinational experience as a valuable asset for KBR's global operations.

Etta will also serve on the Audit and the Sustainability & Corporate Responsibility Committees of KBR's Board of Directors. KBR operates in more than 30 countries, employs approximately 36,000 people worldwide, and serves customers in over 80 countries.

In other recent news, KBR, Inc., a global technology and engineering firm, has made significant strides with a series of contracts and strategic acquisitions. KBR has secured an advisory consulting contract from Kuwait Oil Company to develop a renewable energy and green hydrogen masterplan. The company also announced plans to acquire LinQuest Corporation, a move expected to bolster KBR's national security services.

Among the notable contracts secured by KBR recently is an $82 million task order to support the United States Air Force's B-52 bombers. Furthermore, KBR has been named one of the 11 recipients of a new $43 billion military health support contract, providing health and wellness services to U.S. military personnel and their families.

InvestingPro Insights

KBR, Inc. (NYSE: KBR) continues to make strategic moves in its leadership team, which could potentially influence its financial performance and market position. With the recent board appointment, investors may be curious about the company's current financial health and future outlook. According to InvestingPro data, KBR has a market capitalization of $8.61 billion, underscoring its substantial size in the industry. The company's price-to-earnings (P/E) ratio stands at 43.7, which adjusts to a more moderate 26.42 when looking at the last twelve months as of Q2 2024. This suggests a potential for growth when compared to near-term earnings, especially with a PEG ratio of just 0.14 for the same period, indicating that the stock may be undervalued relative to its earnings growth.

Furthermore, KBR's revenue growth remains solid, with a 7.22% increase in the last twelve months as of Q2 2024. This consistent performance is a positive sign for stakeholders monitoring the company's ability to expand its operations and increase its market share. InvestingPro Tips highlight that KBR has raised its dividend for 4 consecutive years and maintained dividend payments for 17 consecutive years, which could be appealing to income-focused investors. Additionally, the company is expected to grow its net income this year, aligning with its trajectory of profitable performance over the last twelve months.

For investors seeking more detailed analysis and additional insights, there are over 13 InvestingPro Tips available at https://www.investing.com/pro/KBR, which delve deeper into KBR's financial metrics, stock performance, and analysts' predictions. These tips can provide a more comprehensive understanding of KBR's investment profile, helping to make informed decisions in the context of the company's latest board developments and overall strategic direction.

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