This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

KBR Selected To Construct Europe’s First Land-Based Missile Defense System Facilities in Romania

KBR (NYSE: KBR) today announced that it has been awarded a $134 million contract by the U.S. Army Corps of Engineers, Europe District to construct the facilities necessary to support Europe’s first land-based ballistic missile defense system at Romania’s Deveselu Air Base.

The Aegis Ashore Missile Defense System, located on a 269-acre site, will make a substantial contribution to provide protection for NATO European territories, including Romania. This will be the world’s first operational Aegis Ashore installation, which is a land-based variant of the Navy’s shipboard Aegis Air and Ballistic Missile Defense System.

Under this contract, KBR will re-locate a four-story radar deckhouse structure from the East Coast of the United States to Romania. In Romania, KBR will build all of the various facilities and infrastructure required to support the Aegis Ashore weapon system including roads, support buildings, communications, security and utilities.

“This award demonstrates KBR’s strong technical and project management capabilities, as well as our proven history of performing large, technically challenging projects around the world,” said Andy Summers, Group President, KBR Infrastructure, Government and Power. “KBR is honored to have been selected to provide support of vital services to the U.S. Department of Defense and we look forward to the successful and safe completion of this project.”

KBR is a global engineering, construction and services company supporting the energy, hydrocarbon, power, industrial, civil infrastructure, minerals, government services and commercial markets. For more information, visit www.kbr.com.

Copyright Business Wire 2010

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,826.30 -279.47 -1.54%
S&P 500 2,081.18 -23.81 -1.13%
NASDAQ 4,931.8150 -75.9760 -1.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs