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HOUSTON - KBR (NYSE:KBR), a $6.2 billion market cap engineering and technology solutions provider with nearly $8 billion in annual revenue, announced today that Chief Operating Officer Byron Bright has resigned and will leave the company on Friday, July 11, 2025, after 15 years with the organization.
Bright previously served as President of Mission Technology Solutions (MTS) before transitioning to the COO role in January 2025, when KBR realigned its portfolio into two business segments: Mission Technology Solutions and Sustainable Technology Solutions. According to InvestingPro data, the company has demonstrated strong operational performance with 12.8% revenue growth in the last twelve months, though three analysts have recently revised their earnings expectations downward for the upcoming period.
Following the reorganization earlier this year, Doug Hill became President of KBR’s Readiness & Sustainment business, and Mark Kavanaugh was appointed President of KBR’s Defense, Intel and Space portfolio. Both executives have held leadership positions at KBR for over eight years and will now report directly to CEO Stuart Bradie, alongside Jay Ibrahim, who leads the Sustainable Technology Solutions business.
"We wish Byron the very best for the future, and I personally would like to thank him for all he has contributed to KBR," said Bradie in the press release statement. "Recent events present an opportunity to reset MTS with a strong focus on growth, margin expansion and continued execution with excellence in our core businesses."
The company indicated it expects no operational disruption from Bright’s departure and plans to provide additional details during its second-quarter earnings call scheduled for July 31, 2025. InvestingPro analysis suggests KBR is currently trading below its Fair Value, with analysts maintaining a bullish consensus and setting price targets that indicate significant upside potential. Subscribers can access 8 additional ProTips and comprehensive financial metrics through InvestingPro’s detailed research reports.
KBR employs approximately 38,000 people worldwide and operates in over 29 countries, providing science, technology and engineering solutions to governments and companies across more than 80 countries. The company has maintained dividend payments for 18 consecutive years and has been actively buying back shares, demonstrating its commitment to shareholder returns despite facing challenges with gross profit margins.
In other recent news, KBR has faced significant developments affecting its business outlook. The termination of the HomeSafe contract by the Department of Defense has been a focal point, with both UBS and KeyBanc downgrading KBR’s stock rating. UBS shifted its rating from Buy to Neutral, citing concerns about future government contracts and the potential impact on KBR’s Mission Technology Solutions segment. KeyBanc also downgraded KBR from Overweight to Sector Weight, expressing concerns about the company’s uncertain financial outlook following the contract termination.
Despite these setbacks, Truist Securities maintained a Buy rating on KBR, noting that the contract’s termination would have a relatively minor impact on the company’s expected EBITDA for 2025 and 2026. Meanwhile, KBR announced a new $161 million contract with Strategic Resources Inc. to provide resilience training services for the U.S. Army, indicating ongoing opportunities in other areas of its business. This contract includes work at Army installations worldwide and aims to enhance the resilience and readiness of military personnel. KBR continues to fulfill existing obligations with HomeSafe and the military families it serves, despite the recent termination.
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