KBR Secures Engineering Contract From Biojet

KBR, Inc. KBR has secured an engineering contract from Biojet AS for a concept study for its renewable energy facility in Ringerike, Norway. Financial terms not disclosed.
As per the contract terms, KBR will perform technology evaluations, early engineering, and project development for Biojet's project to convert forestry residues to renewable and sustainable green fuels.
"This award aligns with KBR's focus on combatting climate change and affirms our position as a leader in the sustainable biofuels arena," commented Jay Ibrahim, President – Sustainable Technology Solutions.
Price Action: KBR shares closed lower by 0.88% at $45.31 on Friday.