KBR Stock Falls 7% After Joint Venture Loses U.S. Military Contract Role

(RTTNews) - KBR, Inc. (KBR) is trading at $49.07, down 7.03 percent, or $3.71 on Friday, after HomeSafe Alliance, a joint venture involving KBR, disclosed that U.S. Transportation Command has terminated HomeSafe's role in the Global Household Goods Contract.

The stock opened at $50.67 and has traded between $48.25 and $51.00 so far today on the New York Stock Exchange. Volume has reached 2.12 million shares, above the average of 1.33 million. The 52-week range is $43.89 to $72.60.

The company stated this change is not expected to materially impact its 2025 adjusted EBITDA outlook, as the contract was not projected to contribute to profits this year.