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  • Friday, November 22, 2024

KBR Buys Carillion’s Stake in Aspire Defence JV


KBR (NYSE: KBR) has assumed control of a joint venture with U.K.-based construction and facilities management provider Carillion after the latter announced insolvency in January.

KBR said Thursday that it closed the acquisition of Carillion™s interest in their Aspire Defence joint venture without causing disruption to operations and delivery of services.

Aspire Defence JV supports the U.K. defense ministry™s Project Allenby Connaught through construction, design and maintenance services in support of the British army™s working and living accommodations.

Stuart Bradie, KBR president and CEO, said the company will continue to provide maintenance and construction support for the project™s army basing program as well as deliver base support services across Aldershot and Salisbury Plain garrisons.

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