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HOUSTON - KBR (NYSE:KBR), a $6.36 billion technology and engineering solutions provider, and Axiom Space have successfully completed three crewed underwater tests of the Axiom Extravehicular Mobility Unit (AxEMU) at NASA’s Neutral Buoyancy Laboratory, according to a press release issued Tuesday. According to InvestingPro analysis, KBR’s stock appears undervalued based on its Fair Value calculations.
The tests involved an astronaut being fully submerged in the laboratory’s 6.2-million-gallon pool while wearing the next-generation spacesuit being developed for NASA’s Artemis III mission to the Moon. During the evaluations, the suit reportedly maintained its seal and airtight integrity in conditions designed to simulate the weightlessness of space. This project adds to KBR’s impressive performance, with the company reporting 12.31% revenue growth and generating $8.05 billion in revenue over the last twelve months.
"These successful tests demonstrate KBR’s leadership in supporting human spaceflight and next generation EVA systems," said Mark Kavanaugh, KBR’s President of Defense, Intel and Space.
The testing is part of NASA’s Exploration Extravehicular Activity Services (xEVAS) contract, which supports evaluation of next-generation spacesuits. The AxEMU is designed to provide improved versatility and reliability for lunar exploration, particularly for the planned landing at the Moon’s south pole.
Russell Ralston, Executive Vice President of Extravehicular Activity at Axiom Space, stated that the AxEMU will give astronauts "more flexibility, mobility, and protection to live and work in the harsh lunar environment."
The successful underwater tests represent an initial milestone in the spacesuit’s development process, with more advanced evaluations planned before the equipment is certified for actual missions. The companies indicated that the suit is being developed specifically to meet the requirements of NASA’s Artemis program, which aims to return humans to the lunar surface.
KBR employs approximately 37,000 people worldwide and operates in over 29 countries, providing science, technology and engineering solutions to governments and companies globally. The company maintains strong financial health according to InvestingPro, which has identified multiple positive indicators including consistent dividend payments and robust returns. Discover detailed analysis and 8 additional exclusive ProTips about KBR’s financial outlook in the comprehensive Pro Research Report, available to InvestingPro subscribers.
In other recent news, KBR Inc. reported its second-quarter earnings for 2025, revealing an earnings per share (EPS) of $0.91, which slightly exceeded the expectations of $0.90. However, the company’s revenue came in at $1.95 billion, falling short of the anticipated $2.09 billion. In another development, KBR has secured a contract to provide front-end engineering design for onshore liquefied natural gas facilities for the Abadi LNG project in Indonesia. This project is of national strategic importance to the Indonesian government, aiming for a peak production capacity of 9.5 million tons per annum of LNG and 150 million standard cubic feet per day of pipeline gas. Additionally, KBR announced the appointment of Huibert H. Vigeveno to its board of directors, effective August 5, 2025. Vigeveno brings 30 years of experience from his career at Shell, where he was a member of the executive committee. These developments reflect KBR’s ongoing strategic initiatives and leadership changes.
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