KBR Secures Major Military Contract; Goldman Sachs Cuts Rating to Neutral

KBR, Inc. (NYSE:KBR) is one of billionaire Leon Cooperman’s top stock picks with huge upside potential. Late in May, KBR, Inc. (NYSE:KBR) declared that the U.S. Navy Facilities Engineering Systems Command (NAVFAC) had awarded it a $476 million, fixed-price contract to continue providing Base Operations Support services in Djibouti.

KBR, Inc. (NYSE:KBR) will supply mission support services to the Combined Joint Task Force-Horn of Africa as per the conditions of the contract. One of the Navy’s most significant base operations support contracts, KBR will offer full-scale assistance for thousands of military personnel, including facilities operations and maintenance, fire and emergency services, airport and security operations, and more.

The same day, analysts at Goldman Sachs changed their rating for KBR, Inc. (NYSE:KBR) shares from Buy to Neutral, with a price target of $55. The firm recognized KBR’s capabilities, emphasizing its “differentiated technology and track record of value-enhancing capital deployment.”

Previously known as Kellogg Brown & Root, KBR, Inc. (NYSE:KBR) is an American company that services a range of markets by operating in a variety of sectors, including aerospace, defense, industrial, and intelligence.

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Read More: 10 Best Magic Formula Stocks for 2025 and 10 Best Retirement Stocks to Buy According to Hedge Funds

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