HOUSTON, Sept. 3,
2024 /PRNewswire/ -- KBR (NYSE: KBR) announced today
it has completed the acquisition of LinQuest Corporation, a leading
provider of advanced engineering, data analytics and digital
integration with a strong history of solving complex technical
challenges for national security space missions.
The acquisition strengthens KBR's capabilities across space, air
dominance and connected battlespace missions. LinQuest also has a
heritage of serving important U.S. government customers including
the U.S. Space Force, U.S. Air Force and other U.S. Department of
Defense and intelligence agencies.
"LinQuest's portfolio of capabilities significantly expands
KBR's ability to meet growing customer demands and continues KBR's
goal of transforming and enhancing key high-end digital solutions,"
said Stuart Bradie, KBR President
and Chief Executive Officer. "We have been continually impressed
with their people-first culture and amazing expertise, so it's a
thrilling day to be able to officially welcome them to the KBR
family."
KBR will immediately begin integrating LinQuest into KBR's
Government Solutions segment and Defense and Intel business
unit.
Given the closing date, LinQuest's financial results are not
expected to be material to KBR's Q3 2024 financial
results. Therefore, impacts of the acquisition to KBR's full
year guidance will be discussed on the Q3 earnings call.
KBR has decades of experience providing mission-critical
solutions for customers across the national security and space
domains including customers ranging from the Department of Defense,
NASA and various intelligence agencies.
About KBR
We deliver science, technology and engineering solutions to
governments and companies around the world. KBR employs
approximately 36,000 people worldwide with customers in more than
80 countries and operations in over 30 countries.
KBR is proud to work with its customers across the globe to
provide technology, value-added services, and long-term operations
and maintenance services to ensure consistent delivery with
predictable results. At KBR, We Deliver.
Visit www.kbr.com
About LinQuest Corporation
LinQuest is a national security space leader that enables defense
and intelligence missions through advanced digital transformation
solutions and the development, integration, and operation of
mission-critical systems. With a legacy that spans 47 years,
LinQuest's 1,500-plus team members work side-by-side with their
customers to solve their most complex technical challenges, drive
innovation, and deliver fielded solutions for national security
missions. More information can be found on the company's website
at www.linquest.com.
Forward Looking Statements
The statements in this press release that are not historical
statements, including statements regarding future financial
performance and the expected impacts, benefits and opportunities of
the proposed transaction to the company, are forward-looking
statements within the meaning of the federal securities laws. When
used in this press release, the words "estimates," "expects,"
"projects," "plans," "intends," "believes," "targets" or future or
conditional verbs such as "will," "should," "could" or "may," and
variations of such words or similar expressions are intended to
identify forward-looking statements. These statements are subject
to numerous risks, uncertainties and assumptions, many of which are
beyond the company's control, that could cause actual results to
differ materially from the results expressed or implied by the
statements. These risks, uncertainties and assumptions include, but
are not limited to, those set forth in the company's most recently
filed Annual Report on Form 10-K, any subsequent Form 10-Qs and
8-Ks and other U.S. Securities and Exchange Commission filings,
which discuss some of the important risks, uncertainties and
assumptions that the company has identified that may affect its
business, results of operations and financial condition. Due to
such risks, uncertainties and assumptions, you are cautioned not to
place undue reliance on such forward-looking statements, which
speak only as of the date hereof. Except as required by law, the
company undertakes no obligation to revise or update publicly any
forward-looking statements for any reason.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/kbr-completes-linquest-acquisition-expanding-digital-national-security-space-and-intelligence-capabilities-302235278.html
SOURCE KBR, Inc.