KBR Bags Cost-Plus-Fixed-Fee Contract From US Navy For Continued Development Of Space Science Instrument Systems At Naval Research Lab In Washington, D.C.
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KBR has secured a cost-plus-fixed-fee contract from the US Navy for the continued development of space science instrument systems at the Naval Research Lab in Washington, D.C. The contract, under the SSIEP 3 program, will span five years and involve various engineering efforts.
August 19, 2024 | 10:03 am
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KBR has been awarded a cost-plus-fixed-fee contract by the US Navy for the continued development of space science instrument systems at the Naval Research Lab. This contract, under the SSIEP 3 program, will span five years and involve various engineering efforts.
The contract solidifies KBR's ongoing relationship with the US Navy and ensures a steady stream of revenue over the next five years. This is likely to positively impact KBR's stock price in the short term.
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