Fernando de Querol Cumbrera
Research expert covering construction, loans, leasing, savings, and debt
KBR Inc. - statistics & facts
Formerly known as Kellog Brown & Root, KBR Inc. is one of the largest engineering, procurement, and construction companies in the United States today. The KBR Tower, its headquarters, is located in Houston, Texas. KBR had stakes in several industries from the beginning: In 1962, Halliburton Energy Services acquired Brown & Root, a company created in 1919, and became primarily involved in building infrastructure for the Navy during the Vietnam War. In 1989, Halliburton acquired C.F. Braun Inc. and merged it with Brown & Root, forming Halliburton KBR. In 2007, Halliburton announced its separation from KBR, which had become the company’s primary contracting, engineering, and construction unit. KBR bought BE&K in 2008, a construction and engineering company based in Alabama. Currently, the company is divided into two major businesses: government solutions and sustainable services. Today, KBR Inc. still receives most of its revenue from its government solutions segment.
KBR Inc. has a diverse customer base
KBR Inc. primarily provides services and products to the government services industry and the energy sector, and it generates revenue in countries all over the world. Their technology and consulting services provide proprietary technology specializing in areas such as refining, ammonia, fertilizers, largely through their subsidiaries. One of their subsidiaries, Granherne, is an oil and gas consultancy that is involved in the life cycle of hydrocarbon assets. In 2018, KBR Inc. acquired Stinger Ghaffarian Technologies to expand its aerospace sector operations. In addition to that, KBR supports NASA and several departments of the federal government, as well as the European Space Agency, and some leading commercial space organizations through scientific research and training simulations, as well as extreme environmental testing for equipment used in space.Changes in its focus regions
Although KBR’s global revenue experienced a downward trend experienced between 2009 and 2017, the company has been slowly recovering in the years after that. Nevertheless, this revenue level is still much lower than in 2009. Additionally, the value of its assets have also fluctuated significantly. For instance, the value of KBR Inc.'s properties, plants and equipment in the U.S., its home country, drastically decreased from 115 million U.S. dollars in 2014 to 50 million five years later. All the same, this company seems have increased its focus on its home market in recent years. While an important share of KBR's revenue in 2011 came from Africa, in 2023, its revenue was mostly concentrated in the United States, and to a smaller extent, in Europe.
