Stuart Bradie, president and CEO of KBR (NYSE: KBR), told CNBC’s Mad Money in an interview posted Tuesday about the company’s focus on space, defense and intelligence.
“We built a billion dollar franchise supporting NASA. We help fly satellites, we help fly and maintain the International Space Station … run mission control together with NASA,” Bradie told host Jim Cramer.
In October, KBR completed its acquisition of technology services contractor Centauri as part of efforts to further expand its presence in defense and military space segments.
Bradie said the company is “heavily involved” in directed energy, also known as lasers.
“Directed energy today is the only deterrent that people have identified to drone swarms. … We are at the forefront of that … integrating new solutions of directed energy that will help defend against those sorts of threats,” he said. “We are very much at the forefront of national security priorities, very much at the forefront of defense and future defense.”
In August, KBR moved to consolidate its three business segments into two – government solutions and technology solutions – as part of a restructuring initiative.
“The transformation of our operating model greatly simplifies our business and allows us to further reduce risk and narrow our strategic focus. We continue to move upmarket into differentiated areas that provide attractive returns, consistent growth and strong cash conversion,” Bradie said then. “This transformation is the culmination of a years-long shift away from high-risk and commoditized markets and toward more agile, technology-driven, knowledge-based delivery.”
