Author: Ross Wilkers|| Date Published: July 5, 2016
KBR (NYSE: KBR) has closed the $570 million purchase of government engineering and technical services contractor Wyle, which will operate under the name of KBRwyle within the parent company’s government services segment.
KBR CEO Stuart Bradie said Tuesday the company expects government services revenue to total $2 billion per year post-acquisition and have a combined workforce of 25, 800 employees in technology- and science-related fields with Wyle’s leadership and business structure in place.
Houston-based KBR, the former engineering and construction subsidiary of Halliburton, said Wyle holds a funded backlog of $440 million as of year-end 2015 and expects to receive an additional $1.1 billion in orders.
The Navy has awarded two companies five-year contracts worth $249 million each Work covers architectural-engineering support for the NAVFAC Washington…
KBR (NYSE: KBR) has closed the $570 million purchase of government engineering and technical services contractor Wyle, which will operate under the name of KBRwyle within the parent company’s government services segment.
