KBR

#1705

Rank

$8.71B

MarketCap US

US United States

Country

Summary
KBR, Inc. provides scientific, technology, and engineering solutions to governments and commercial customers worldwide. The company operates through Government Solutions and Sustainable Technology Solutions segments. The Government Solutions segment offers life-cycle support solutions to defense, intelligence, space, aviation, and other programs and missions for military and other government agencies in the United States, the United Kingdom, and Australia. Its services cover research and development, advanced prototyping, acquisition support, systems engineering, cyber analytics, space domain awareness, test and evaluation, systems integration and program management, global supply chain management, and operations readiness and support, as well as command, control, communications, computers, intelligence, surveillance, and reconnaissance services. This segment also provides various professional advisory services to deliver high-end systems engineering, systems assurance, and technology to customers across the defense, energy, and critical infrastructure sectors. The Sustainable Technology Solutions segment holds a portfolio of approximately 70 proprietary process technologies for ammonia/syngas/fertilizers, chemical/petrochemicals, clean refining, and circular process/circular economy solutions. This segment also includes advisory and consulting practices that focuses on energy transition and net-zero carbon emission consulting; and provides engineering, design, and professional services, as well as industrial solutions through KBR INSITE, a proprietary, digital, and cloud-based operations and maintenance platform that identifies opportunities for clients to achieve sustainable improvements in production, reliability, environment impact, energy efficiency, and profitability. KBR, Inc. was founded in 1998 and is headquartered in Houston, Texas.

History

M. W. Kellogg

In 1901, Morris Woodruff Kellogg founded The M. W. Kellogg Company in New York City. The company was incorporated in 1905 and its headquarters was moved to Jersey City, New Jersey. Initially Kellogg's main business was power plant construction and fabrication of power plant components, but the development of hammer forge welding techniques helped ready the company to move into refining as the petroleum industry developed. Kellogg was announced the number one construction company for years 1993 to 1995. This is mainly due to their work in the Dulles Greenway.

Kellogg's entry into process engineering initially focused on the Fleming cracking process, but in the 1920s Kellogg partnered with The Texas Company and Standard Oil of Indiana to purchase the Cross thermal cracking process. Kellogg set up one of the first petroleum laboratories in the country in 1926 to commercialize and then license the technology. This led to Kellogg building some 130 units in the United States and abroad.

In the 1930s and 1940s, Kellogg worked with leading refiners on various technologies. For the war effort, these developments led to the construction of six hydroreformer units, twenty fluid catalytic cracking units, and the only complete refinery built during World War II. Even bigger than the refining work was K-25, the gaseous diffusion plant at Oak Ridge, Tennessee, developed by Kellogg subsidiary the Kellex Corporation, built as part of the Manhattan Project. This period also included the development of the Benedict–Webb–Rubin equation of state which has since become an industry mainstay and provided the basis for Kellogg's lead in cryogenics.

The 1950s Kellogg technology expanded into steam pyrolysis, Orthoflow fluid catalytic cracking, phenol-from-cumene and coal-to-synthetic fuels technologies and the 1960s saw the growth in helium recovery, ethylene, and the development of Kellogg's ammonia process. Kellogg maintained New York offices at 225 Broadway in the Transportation Building until 1956 when it moved to 711 Third Avenue in Midtown.In 1970, Kellogg moved from New York City to Houston, Texas, and in 1975, they completed the move by relocating the research and development lab. The 1970s saw Kellogg become the first American contractor to receive contracts from China. Kellogg's international work expanded with the major ammonia complexes in China, Indonesia, and Mexico as well as LNG liquefaction plant in Algeria and two receiving terminals in the United States, the world's largest LPG plant in Kuwait and four fluid catalytic cracking units in Mexico. The 1980s saw continuation of global activity in LNG and ethylene with millisecond furnaces starting up in the United States.

Kellogg underwent numerous acquisitions and name changes through until 1987, when it was acquired by Dresser Industries, a provider of integrated services and project management for the oil and gas industry. Ten years later, Halliburton acquired Dresser, and combined Kellogg with Brown & Root to create a new, larger subsidiary – Kellogg Brown & Root .

Brown & Root

Brown & Root was founded in Texas in 1919 by Herman Brown and Daniel Root, with money provided by Root . Root soon died and Herman Brown's younger brother, George R. Brown, joined the company in 1922 . The company began its operations by building roads in Texas.

One of its first large-scale projects, according to the book Cadillac Desert, was building a dam on the Texas Colorado River near Austin during the Depression years. For assistance in federal payments, the company turned to the local Congressman, Lyndon Johnson. Brown & Root was the principal source of campaign funds after Johnson's initial run for Congress in 1937, in return for persuading the Bureau of Reclamation to change its rules against paying for a dam on land the federal government did not own, a decision that had to go all the way to President Franklin Delano Roosevelt. After other very profitable construction projects for the federal government, Brown & Root gave massive sums of cash for Johnson's first run for the U.S. Senate in 1941.During World War II, Brown & Root built the Naval Air Station Corpus Christi and its subsidiary Brown Shipbuilding produced a series of warships for the U.S. government. In 1947 Brown & Root built one of the world's first offshore oil platforms.According to Tracy Kidder's book Mountains Beyond Mountains, Brown & Root was a contractor in the Péligre Dam project. The project was designed by the U.S. Army Corps of Engineers and financed by the Export-Import Bank of the United States.

Halliburton years

Following the death of Herman Brown, Halliburton Energy Services acquired Brown & Root in December 1962. According to Dan Briody, who wrote a book on the subject, the company became part of a consortium called RMK-BRJ that built about 85 percent of the infrastructure needed by the U.S. Armed Forces during the Vietnam War. In 1967, the Government Accounting Office alleged that Brown & Root had been unaccountable with public funds and allowed materials to be stolen. Donald Rumsfeld expressed concern that their contracts were not adequately audited. At this time, protesters derided Brown & Root as a symbol of war profiteering, dubbing the company "Burn & Loot".In 1989, Halliburton acquired another major engineering and construction contractor, C. F. Braun Inc., of Alhambra California, and merged it into Brown & Root. From 1995 to 2002, Halliburton KBR was awarded at least $2.5 billion to construct and run military bases, some in secret locations, as part of the U.S. Army's Logistics Civil Augmentation Program .In September 2005, under a competitive bid contract it won in July 2005 to provide debris removal and other emergency work associated with natural disasters, KBR started assessment of the cleanup and reconstruction of Gulf Coast Marine and Navy facilities damaged in the aftermath of Hurricane Katrina. The facilities include: Naval Station Pascagoula, Naval Station Gulfport, the John C. Stennis Space Center in Mississippi, two smaller U.S. Navy facilities in New Orleans, Louisiana, and others in the Gulf Coast region.

Formation of KBR, Inc.

Halliburton announced on April 5, 2007, that it had separated from KBR, which had been its contracting, engineering, and construction unit as a part of the company for 44 years. The move was prefaced by a statement registered with the United States Securities and Exchange Commission on April 15, 2006, stating that Halliburton planned to sell up to 20 percent of its KBR stock on the New York Stock Exchange . On November 16, 2006, KBR shares were offered for the public in an initial public offering with shares priced at $17. The shares closed up more than 22 percent to $20.75 a share on the first trading day.On May 7, 2008, the company announced that it would acquire Birmingham, Alabama-based engineering and construction firm BE&K for $550 million.The company announced on November 7, 2017, that KBR secured a contract to provide astronaut medical support services for the European Space Agency's European Astronaut Center Space Medicine Office in Cologne, Germany.In May 2019, the company introduced new branding.


Mission
Our mission identifies what we do, why we do it and for whom. It defines our reason for being: To safely deliver any project, any time, in any environment for the benefit of our customers, shareholders, employees and the communities we serve.

Vision
KBR’s vision is to create a world where people as well as technology come together to better ourselves and our communities; while making a difference in the lives of others.

Key Team

Mr. William Byron Bright Jr. (Pres of Gov. Solutions - U.S.)

Jamie DuBray (VP of Investor Relations)

Mr. Douglas Nick Kelly (Pres of Technology Solution)

Philip Ivy (VP of Global Communications & Marketing)

Mr. Shad E. Evans (Sr. VP of Fin. Operations & Chief Accounting Officer)

Ms. Jennifer C. Myles (Exec. VP & Chief People Officer)

Ms. Sonia Galindo (Exec. VP & Gen. Counsel)


Recognition and Awards
KBR has received numerous awards, including the 2019 Top Employer Award for Highest Rated CEO, #1 ranking in the 2020 Forbes America’s Best Employers list, and the 2016 ENR Top Green Contractor designation.

References
KBR
Leadership team

Mr. Stuart J. B. Bradie (CEO, Pres & Director)

Mr. Mark W. Sopp (Exec. VP & CFO)

Mr. Jalal Jay Ibrahim (Pres of Sustainable Technology Solutions)

Products/ Services
Building Maintenance, Building Material, Construction, Customer Service
Number of Employees
20,000 - 50,000
Headquarters
Houston, Texas, United States
Established
1998
Company Registration
SEC CIK number: 0001357615
Net Income
100M - 500M
Revenue
Above - 1B
Traded as
KBR
Social Media
Fri Mar 01 2024
About

businessabc offers a global business, SMEs wiki directory blockchain, NFTs, AI powered marketplace for businesses worldwide.

Follow Us
Produced by
In collaboration with
Logo

Copyright 2023 © businessabc powered by ztudium