Government Shutdown ImpactAt MTS, the ongoing government shutdown has delayed new contract awards and protest resolution, impacting revenues and bookings.
Lake Charles LNG Project ConcernsThere is increased concern about the timeline and feasibility of the Lake Charles LNG project, with a low likelihood of a Final Investment Decision being made in the next 6 months.
Revenue Guidance ReductionKBR has lowered its 2025 revenue guidance due to protest resolution delays and sluggish work order conversions.