KBR Bags Contract From Midstream Company For US Petrochemicals Project

KBR, Inc. KBR secured a contract from a midstream company for a world-scale olefins production facility to be built on the U.S. Gulf Coast. Financial terms were not disclosed.
KBR will provide the license and engineering for the olefins production plant.
"We are excited to support our client's vision for this ambitious petrochemical venture," said Doug Kelly, KBR President, Technology.
Based on KBR's K-COT and SCORE technology, the planned project will provide the owner and their partners an opportunity to develop on existing infrastructure.
Price Action: KBR shares are trading higher by 2.76% at $54.64 on the last check Thursday.