KBR awarded $98.7 million task order by Space Force for advanced testing environment in Colorado Springs over three years.
Quiver AI Summary
KBR has been awarded a cost-plus-incentive-fee task order by the United States Space Force to develop a cutting-edge testing and training environment in Colorado Springs, Colorado, valued at $98.7 million over three years. This DICE task order builds on KBR's previous work under the ASCEND2 contract and allows the deployment of their Integration Accelerator, a digital engineering platform aimed at improving decision-making and accelerating the development of Space Force capabilities. KBR will also provide analytical and technical support to enhance methodologies related to future Space Force initiatives. This achievement reinforces KBR's role as a significant innovative partner for the U.S. government in defense and space sectors.
Potential Positives
- KBR has been awarded a significant task order worth $98.7 million by the United States Space Force, enhancing its relationship with a key government client.
- The project aims to establish a state-of-the-art testing and training environment, which could lead to future opportunities and increased reliance on KBR's services in the defense sector.
- The implementation of KBR's Integration Accelerator highlights its commitment to innovative solutions in digital engineering, reinforcing its reputation as a premier partner to the U.S. government.
- This award supports KBR's strategic goals in delivering secure infrastructure and mission-critical support across defense and space domains, positioning the company for future growth.
Potential Negatives
- Details of risks and uncertainties related to the DICE task order were emphasized, highlighting potential challenges that could impact the project's outcome.
- The focus on "forward-looking statements" may raise investor concerns about the reliability of the company's projections and future performance.
FAQ
What is the DICE task order awarded to KBR?
The DICE task order focuses on establishing a testing and training environment for the US Space Force in Colorado Springs.
What is the value and duration of the DICE task order?
The task order has a ceiling value of $98.7 million and a performance period of three years.
How does the Integration Accelerator benefit the Space Force?
The Integration Accelerator enhances decision-making and accelerates capability deployment for integrated testing and training.
What does the ASCEND2 contract enable for KBR?
The ASCEND2 contract allows KBR to provide analytical and technical decision support for future Space Force initiatives.
How does KBR reinforce its role in the defense sector?
KBR reinforces its role by delivering innovative and mission-critical support across defense and space domains.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$KBR Insider Trading Activity
$KBR insiders have traded $KBR stock on the open market 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.
Here’s a breakdown of recent trading of $KBR stock by insiders over the last 6 months:
- STUART BRADIE (President and CEO) sold 20,000 shares for an estimated $1,056,246
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$KBR Hedge Fund Activity
We have seen 193 institutional investors add shares of $KBR stock to their portfolio, and 211 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- FMR LLC added 5,914,636 shares (+43.7%) to their portfolio in Q2 2025, for an estimated $283,547,649
- WOLF HILL CAPITAL MANAGEMENT, LP removed 1,876,099 shares (-89.0%) from their portfolio in Q2 2025, for an estimated $89,940,186
- WELLINGTON MANAGEMENT GROUP LLP removed 1,151,517 shares (-90.9%) from their portfolio in Q2 2025, for an estimated $55,203,724
- BOSTON PARTNERS added 1,081,778 shares (+24.7%) to their portfolio in Q2 2025, for an estimated $51,860,437
- CITADEL ADVISORS LLC removed 771,793 shares (-84.7%) from their portfolio in Q2 2025, for an estimated $36,999,756
- HUDSON WAY CAPITAL MANAGEMENT LLC removed 663,709 shares (-63.8%) from their portfolio in Q2 2025, for an estimated $31,818,209
- JACOBS LEVY EQUITY MANAGEMENT, INC removed 634,666 shares (-41.5%) from their portfolio in Q2 2025, for an estimated $30,425,888
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$KBR Analyst Ratings
Wall Street analysts have issued reports on $KBR in the last several months. We have seen 2 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- DA Davidson issued a "Buy" rating on 08/01/2025
- Citigroup issued a "Buy" rating on 04/25/2025
To track analyst ratings and price targets for $KBR, check out Quiver Quantitative's $KBR forecast page.
$KBR Price Targets
Multiple analysts have issued price targets for $KBR recently. We have seen 6 analysts offer price targets for $KBR in the last 6 months, with a median target of $59.0.
Here are some recent targets:
- Mariana Perez from B of A Securities set a target price of $55.0 on 08/13/2025
- Brent Thielman from DA Davidson set a target price of $65.0 on 08/01/2025
- Steven Fisher from UBS set a target price of $54.0 on 07/02/2025
- Jerry Revich from Goldman Sachs set a target price of $55.0 on 05/27/2025
- Sangita Jain from Keybanc set a target price of $63.0 on 05/07/2025
- Andrew Kaplowitz from Citigroup set a target price of $69.0 on 04/25/2025
Full Release
HOUSTON, Oct. 16, 2025 (GLOBE NEWSWIRE) -- KBR (NYSE: KBR) announced today it has been awarded a cost-plus-incentive-fee task order by the United States Space Force (USSF), building on the work under the previously awarded Advanced Solutions for Collaborative Engineering and Digital Development (ASCEND2) contract. The Design Implementation for Collaborative Environment (DICE) task order will focus on establishing a state-of-the-art testing and training environment for the USSF in Colorado Springs, Colorado, and will have a ceiling value of $98.7 million over a three-year period of performance.
This award authorizes KBR to deploy its Integration Accelerator, a groundbreaking collaborative digital engineering ecosystem designed to enhance decision-making and accelerate capability deployment. In addition, KBR will use the ASCEND2 Indefinite Delivery, Indefinite Quantity (IDIQ) contract vehicle to provide analytical and technical decision support aimed at advancing the methodologies, processes and outcomes associated with the acquisition and deployment of future Space Force integrated testing and training initiatives.
“This award marks a pivotal step forward in accelerating Space Force capabilities,” said Mark Kavanaugh, KBR’s President, Defense, Intel and Space. “Through the Integration Accelerator, we’re proud to deliver a collaborative digital engineering ecosystem that empowers smarter, faster and more resilient decision-making for future integrated testing and training.”
This win reinforces KBR’s position as a premier innovative partner to the U.S. government, advancing its strategy to deliver secure infrastructure, digital transformation and mission-critical support across defense and space domains.
About KBR
We deliver science, technology and engineering solutions to governments and companies around the world. KBR employs approximately 37,000 people worldwide with customers in more than 80 countries and operations in over 29 countries. KBR is proud to work with its customers across the globe to provide technology, value-added services, and long-term operations and maintenance services to ensure consistent delivery with predictable results. At KBR, We Deliver.
Visit www.kbr.com
Forward Looking Statements
The statements in this press release that are not historical statements, including statements regarding the company’s future operations, strategies and anticipated outcomes related to the DICE task order, are forward-looking statements within the meaning of the federal securities laws. These statements are subject to numerous risks, uncertainties and assumptions, many of which are beyond the company’s control, that could cause actual results to differ materially from the results expressed or implied by the statements. These risks, uncertainties and assumptions include, but are not limited to, those set forth in the company’s most recently filed Annual Report on Form 10-K, any subsequent Form 10-Qs and 8-Ks and other U.S. Securities and Exchange Commission filings, which discuss some of the important risks, uncertainties and assumptions that the company has identified that may affect its business, results of operations and financial condition. Due to such risks, uncertainties and assumptions, you are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof. Except as required by law, the company undertakes no obligation to revise or update publicly any forward-looking statements for any reason.
For further information, please contact:
Investors
Jamie DuBray
Vice President, Investor Relations
713-753-5082
[email protected]
Media
Philip Ivy
Vice President, Global Communications and Marketing
713-753-3800
[email protected]
