Benzinga | Sep 23, 2021 06:59AM EDT

KBR Bags Digital Advisory Services Contract From OCI Beaumont

* KBR, Inc. (NYSE:KBR) has secured a three-year contract to provide KBR INSITE monitoring and advisory services to OCI's integrated ammonia-methanol plant in Beaumont, Texas. The company did not disclose the financial details of the contract.

* KBR INSITE is a cloud-based remote plant monitoring service within KBR's Digital Sustainability Suite.

* "KBR INSITE aims to extend the operating life of the Beaumont plant while helping drive carbon reduction and energy efficiency in a sustainable way," commented Jay Ibrahim, KBR President, Sustainable Technology Solutions.

* Price Action: KBR shares closed higher by 1.18% at $37.65 on Wednesday.