KBR (KBR) announced it has been awarded a seat on a multiple award, indefinite delivery indefinite quantity contract by the U.S. Naval Supply Systems Command. The NAVSUP Worldwide Expeditionary Multiple Award Contract 2.1 Territorial Integrity of the United States is a contract for readiness and sustainment focused on defense of the continental United States. Under WEXMAC 2.1 TITUS, KBR will compete on IDIQ task orders to provide essential supplies and services to support U.S. military and coalition partner operations, humanitarian assistance and disaster relief efforts. Tasks may include a wide range of support services such as stability operations, civil support and supply chain and distribution services. WEXMAC 2.1 TITUS task orders are expected to be firm fixed price. The contract spans a five-year base period with an additional five-year option period. The five-year option period would bring the ceiling amount to $20B.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on KBR:
- KBR awarded contract for PureM green methanol technology
- KBR awarded green ammonia project by IGNIS in Spain
- KBR awarded $117M Foreign Military Sales contract for F/A-18 jet maintenance
- Teradyne upgraded, Circle Internet initiated: Wall Street’s top analyst calls
- KBR initiated with an Outperform at Oppenheimer
