Government ContractsKBR is expected to de-book backlog and take a non-cash charge as it writes down the capital expenditure investment in the joint venture related to HomeSafe.
Market OutlookAnalyst's downgrade to Sector Weight reflects the current market sentiment, which is cautious about an uncertain outlook, despite KBR's discount valuation.
Program TerminationThe Department of Defense formally terminated KBR's HomeSafe program for cause, which was unable to fulfill its obligations of delivering high-quality service.