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HOUSTON - U.S. Transportation Command (TRANSCOM) has terminated HomeSafe Alliance’s role in the Global Household Goods Contract, according to a statement from KBR (NYSE:KBR) on Friday. The news comes as KBR, currently valued at $6.85 billion, maintains strong financial health according to InvestingPro analysis.
The contract was designed to improve the moving system for military service members and their families. KBR, which operates HomeSafe Alliance as a joint venture, said it was informed of the termination on June 18.
The company stated it will continue working with HomeSafe to complete existing obligations to TRANSCOM and the military families it serves.
KBR noted that this development is not expected to materially affect its adjusted EBITDA outlook for 2025, as the program was not projected to contribute to profits during this initial year of move activity.
HomeSafe Alliance was responsible for managing relocations for military personnel and their families under the contract.
KBR employs approximately 38,000 people worldwide and operates in over 29 countries, providing science, technology and engineering solutions to governments and companies globally.
The company did not disclose reasons for the termination in its press release statement.
In other recent news, KBR has announced a regular quarterly dividend of $0.165 per share, set for distribution on July 15, 2025, to shareholders on record as of June 13, 2025. This move underscores the company’s commitment to rewarding its investors and reflects its financial stability. Additionally, KBR has secured a $161 million contract with Strategic Resources Inc. to provide resilience training for the U.S. Army, further expanding its role in military health services. In another development, KBR plans to enhance its space food capabilities through a partnership with ACMI Properties, focusing on astronaut food systems at NASA’s Exploration Park. Meanwhile, Goldman Sachs has downgraded KBR’s stock rating from Buy to Neutral, citing the stock’s current alignment with their target price. Despite the downgrade, Goldman Sachs maintains a positive view of KBR’s technological edge and strategic financial decisions. Orion Group Holdings has appointed Alison Vasquez as the new Chief Financial Officer, effective June 23, 2025, as part of its growth phase. Vasquez brings over 25 years of experience, having previously held leadership roles at KBR. Orion remains optimistic about its future performance, reiterating its 2025 revenue guidance between $800 million and $850 million.
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