KBR Led JV Secures $20B Contract From US Transportation Command

KBR, Inc. KBR led joint venture, HomeSafe Alliance LLC, has secured the global household goods contract from the U.S. Transportation Command.
The contract ceiling value is $20 billion with a potential nine-year term, inclusive of all options periods.
HomeSafe will be the exclusive household goods move management service provider for the U.S. Armed Forces, Department of Defense civilians, and their families.
HomeSafe, a joint venture between KBR and Tier One Relocation, will modernize and infuse technology to improve the domestic and international relocation experience for all military personnel and their families.
Price Action: KBR shares are trading higher by 2.65% at $43.05 on the last check Friday.