KBR announced a major contract with Iraq's Basra Oil Company for integrated field management services at the Majnoon Oil Field, one of the world's largest with 38 billion barrels of reserves. The company also recently secured a 10-year maintenance contract with Rabigh Refining & Petrochemical Company and a seat on a $151 billion defense contract. However, KBR shares fell on Monday despite the positive news, trading below key moving averages with mixed technical momentum ahead of earnings on February 26.

KBR has been awarded a major contract by Basra Oil Company to provide Integrated Field Management Services for the Majnoon Oil Field in Iraq, one of the world's largest oil fields with over 38 billion barrels in reserves. The contract includes upstream engineering, project management, operations, and maintenance services, with an expected workforce of approximately 2,000 in-country personnel. KBR will leverage AI and digital technologies to optimize reservoir performance while supporting local employment and knowledge transfer in Iraq's energy sector.

KBR secured a 10-year general maintenance services contract with Petro Rabigh's polymer plants in Saudi Arabia, marking the company's first outsourced maintenance agreement. The deal strengthens KBR's long-term services portfolio with advanced digital tools including AI and machine learning. Despite recent contract wins totaling over $250 billion in program value, KBR stock faces short-term weakness, trading below its moving averages with bearish MACD signals, though analysts maintain a Buy rating with a $59.42 price target.

KBR has secured a 10-year strategic maintenance services contract with Petro Rabigh for polymer plants in Saudi Arabia, with an optional two-year extension. The agreement marks Petro Rabigh's first large-scale outsourcing of maintenance services and will utilize KBR's AI/ML-driven digital technologies to enhance asset reliability, safety, and operational efficiency.

KBR has been awarded two firm-fixed-price task orders totaling $103 million from the United States Space Force for decision support services at USSF Headquarters. The three-year contract will involve delivering data analysis, AI-enabled analytics, and technical expertise to support strategic decision-making, workforce readiness, and capability development across the Space Force and Department of the Air Force.

KBR has been awarded a $77 million firm-fixed-price task order from the U.S. Space Force to advance digital engineering capabilities and assured communications over a three-year period. The contract, supporting AFRL's modernization priorities, will involve systems engineering, cybersecurity, and software development work across Colorado Springs and Wright-Patterson Air Force Base.

KBR has been awarded a $149 million cost-plus-fixed-fee contract by the Air Force Life Cycle Management Center to deliver digital transformation solutions, advanced analytics, and software development for armament systems at Eglin Air Force Base over a seven-year period. The contract reinforces KBR's commitment to accelerating operator readiness and armament development capabilities.

KBR has been awarded the FEED (Front-End Engineering Design) contract for Coastal Bend's planned natural gas liquefaction and export facility on the Texas Gulf Coast. The company also announced it will host a conference call on February 26, 2026, to discuss its fourth quarter and fiscal 2025 financial results.

KBR has been awarded a $350 million Technical Support Services Contract by the U.S. Geological Survey to provide advanced technical solutions for the EROS Center in Sioux Falls, South Dakota. The five-year contract will support USGS's modernization efforts using cloud-native architectures, AI/ML, and advanced software engineering to prepare for the Landsat Next satellite constellation launching in 2030. This marks KBR's fifth consecutive award with USGS over their 24-year partnership.

KBR has been awarded a seat on a multiple award contract by the U.S. Naval Supply Systems Command (NAVSUP) for readiness and sustainment services, with potential contract value up to $20 billion over a ten-year period.

Alstom, as part of the TransitLinX Alliance, secured a 1.0 billion euro contract for the Suburban Rail Loop East project in Melbourne, Australia. The contract includes 13 automated Metropolis metro trains, digital infrastructure, signaling, and 15-year maintenance.

KBR has been awarded a contract to provide its PureMSM green methanol technology for a biomethanol plant in Saudi Arabia, transforming landfill gas into clean fuels and supporting the country's sustainability goals.