KBR reports quarterly sales decline, profit increase in government solutions group

By Marjorie Censer / February 20, 2020 at 1:14 PM

KBR said today sales in its government solutions unit during the most recent quarter totaled $939 million, down almost 5% from the same three-month period a year earlier.

The unit's quarterly profit hit $118 million, up about 22% from the prior year.

In 2019, the government solutions group posted sales of $3.9 billion, up almost 14% from 2018. The unit's profit for the year totaled $430 million, up about 23% from 2018.

The company attributed the sales growth in the business "to the commencement of new programs, including holistic human and psychological performance services for the U.S. Special Operations Forces under the Preservation of the Force and Family program; networking, communications and training services for the U.K. Ministry of Defence; and launch range operations services at NASA's Wallops Flight Facility."

KBR said the unit also benefited from about $150 million in sales related to disaster recovery work at Tyndall Air Force Base, FL.

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