KBR (NYSE: KBR) announced today that it has been awarded the Joint Operational Fuel System contract by the UK Ministry of Defence (MOD). KBR will supply the MOD with fuel-handling equipment which will be used on operations and in support of military exercises worldwide. The contract is for an initial two-year period and will involve the supply of equipment and services worth approximately $35 million. “The award of this contract is key to the strategic development of our UK based support to the MOD,” said Andrew Pringle, President, International Government, Defence and Support Services (IGDSS). “The MOD remains a key client of IGDSS and we look forward to ensuring that the MOD continues to receive outstanding support.” KBR is a global engineering, construction and services company supporting the energy, hydrocarbon, government services, minerals, civil infrastructure, power, industrial, and commercial markets. For more information, visit www.kbr.com.
The better-than-expected job gains and lower unemployment rate helps Democrat Hillary Clinton, while confident, safely employed consumers may let the Federal Reserve boost interest rates sooner than markets anticipated.