RSS KBR Secures $88 Mln Defense Contract To Provide Rapid Prototyping Capability

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 RSS KBR Secures $88 Mln Defense Contract To Provide Rapid Prototyping Capability

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KBR, Inc. has announced the acquisition of an $88 million task order contract from the Department of Defense Information Analysis Center. This five-year agreement aims to spur the rapid prototyping of emerging technologies for unmanned aviation platforms and systems. The contract stipulates that these technologies should be demonstrated in realistic settings and developed into products that are both producible and sustainable. The work under this contract will take place at the Naval Air Station Patuxent River. In pre-market trading, KBR’s stock has seen a 0.78% increase, currently priced at $59.06 on the New York Stock Exchange.

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