Why KBR Shares Are Surging Today

KBR, Inc. KBR has bagged a contract worth up to $1.9 billion for NASA's human spaceflight programs.

This contract has a base period of five years with two options of two-year extensions, potentially lasting nine years.

Under the deal, KBR will provide mission planning and preparation, astronaut and Mission Control Center flight controller training for all of NASA's human spaceflight programs as a part of NASA Johnson Space Center (JSC)'s Flight Operations Directorate. 

This contract is a follow-on to IMOC II, which KBR has supported for the past nine years.

"Having trained every astronaut, international partner and private astronaut how to live and work on every NASA human spaceflight vehicle in use today, KBR's expertise in human spaceflight is unparalleled," said KBR President and CEO Stuart Bradie. 

Also Read: KBR Secures Role In NASA Mission Integration Enhancement Contract

KBR will also aid software development services for the International Space Station Program Avionics and Software Office with the latest program.

The program includes the International Space Station, Artemis, and Low Earth Orbit Commercialization.

Also See: KBR Bags New Contract, Boosting Its Presence In The Indo-Pacific Region

Price Action: KBR shares are trading higher by 3.76% to $66.00 in the premarket session on the last check Monday.