Jacobs says planned spinoff continues of its Critical Mission Solutions business, which employs 16,000 of its 60,000 employees, but KBR said on Aug. 21 that a rumored purchase "does not align with ... its capital deployment and strategic priorities and thus is not being pursued.”
KBR confirmed energy firm Equinor letter of intent for design of giant floating structure, along with Canada-based Hatch, with final investment decision possible in late 2024.
Justice Dept. agreement resolves claims of subcontracting kickbacks and bid rigging related to firm's past LOGCAP military operations support contract in Iraq.
Firms reach financial agreement over fixed-price project subcontract at giant Australian LNG site that was terminated by design-build firm CH2M, now a Jacobs unit, in 2017.
New outcomes in 10-Year, $82B LOGCAPs for KBR, Fluor and Parsons; protests from losing incumbents Fluor and DynCorp, and new bidder Parsons, will delay awards.
KBR Inc., Houston, on May 23 said it would acquire Wyle Inc., an El Segundo, Calif.-based provider of specialized engineering and professional services, mostly to the U.S. government.
