Benzinga | Oct 18, 2021 01:30PM EDT

KBR Bags $127M Contract To Advance Transportation Innovation

* KBR, Inc. (NYSE:KBR) has secured a $126.7 million recompete from the U.S. Department of Transportation (DOT) Volpe National Transportation Systems Center for Mission Information Technology Support (MITS) Services in Cambridge, Massachusetts, to modernize technical, logistical, and safety-related transportation systems.

* This award builds on KBR's 11 years of work at the Volpe Center to advance transportation innovation for the public good.

* KBR will deliver technical support to the Volpe Center, which provides solutions for modernization efforts in physical safety, cybersecurity, environmental impacts, and traffic management.

* The work is expected to be performed over four years, with KBR providing mission-critical information technology, software, and systems engineering for all modes of transportation for several government entities.

* Price Action: KBR shares are trading higher by 0.26% at $42.53 on the last check Monday.