Benzinga | Nov 5, 2021 02:45PM EDT

KBR Led JV Secures $20B Contract From US Transportation Command

* KBR, Inc. (NYSE:KBR) led joint venture, HomeSafe Alliance LLC, has secured the global household goods contract from the U.S. Transportation Command.

* The contract ceiling value is $20 billion with a potential nine-year term, inclusive of all options periods.

* HomeSafe will be the exclusive household goods move management service provider for the U.S. Armed Forces, Department of Defense civilians, and their families.

* HomeSafe, a joint venture between KBR and Tier One Relocation, will modernize and infuse technology to improve the domestic and international relocation experience for all military personnel and their families.

* Price Action: KBR shares are trading higher by 2.65% at $43.05 on the last check Friday.