Benzinga | Jan 18, 2022 07:16AM EST

KBR Bags Engineering Contract For Woodside's H2OK Project

* KBR, Inc. (NYSE:KBR) has secured an engineering services contract from Woodside Energy (USA) Inc. for the proposed H2OK liquid hydrogen production facility project in Ardmore, Oklahoma. Financial terms were not disclosed.

* KBR will provide a front-end engineering design for Woodside's H2OK liquid hydrogen facility.

* Cryogenic liquid hydrogen is used in the transportation industry as a fuel for fleets where the combustion of liquid hydrogen produces zero emissions, with water as the only by-product.

* Price Action: KBR shares closed higher by 0.86% at $47.85 on Friday.