LOGO
LOGO

Corporate News

KBR Stock Falls 7% After Joint Venture Loses U.S. Military Contract Role

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us

KBR, Inc. (KBR) is trading at $49.07, down 7.03 percent, or $3.71 on Friday, after HomeSafe Alliance, a joint venture involving KBR, disclosed that U.S. Transportation Command has terminated HomeSafe's role in the Global Household Goods Contract.

The stock opened at $50.67 and has traded between $48.25 and $51.00 so far today on the New York Stock Exchange. Volume has reached 2.12 million shares, above the average of 1.33 million. The 52-week range is $43.89 to $72.60.

The company stated this change is not expected to materially impact its 2025 adjusted EBITDA outlook, as the contract was not projected to contribute to profits this year.

For comments and feedback contact: editorial@rttnews.com

Business News

Invest in the Best Pharma Stocks by Subscribing to RTT Biotech Investor.
Global Economics Weekly Update -June 15 - June 19, 2026

June 19, 2026 16:46 ET
Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.

RELATED NEWS