KBR announces bolstered sales, profit in government services group

By Marjorie Censer / February 26, 2019 at 12:55 PM

KBR said today sales during the most recent quarter in its government services group hit $984 million, up 78 percent from the same three-month period a year earlier.

The unit's quarterly profit reached $76 million, up 81 percent from the prior year.

KBR attributed the growth to "on-contract growth, take-away wins, and new work awarded under our portfolio of well-positioned contracting vehicles."

For 2018, the government services business recorded sales of $3.5 billion, up 58 percent from 2017. The unit's profit in 2018 totaled $280 million, up 81 percent from 2017.