KBR climbs after $229 million defense contract

Shares of military solutions provider KBR Inc KBR.N rise 1.7% to $51.94 premarket

KBR says Department of Defense has awarded it $229 million contract to provide research and analysis for U.S. Army's CH-47 Chinook helicopter systems over period of five years

KBR will provide logistics management, testing and life cycle analysis to refine and improve helicopter's sustainability initiatives

CH-47 Chinook helicopter is critical part of U.S. Army fleet, used for troop and cargo transport, medical evacuation, search and rescue, disaster relief and combat operations

KBR gained 3.6% in 2024