TendieTensor TendieTensor
You’re browsing as
Guest
Free Preview
Sign in/sign up to unlock all features.

News  ›  GlobeNewswire Inc.

KBR 11-DAY DEADLINE ALERT: KBR, Inc. (KBR) Cuts 2025 Revenue Due to TRANSCOM Termination, Securities Class Action Looms – Hagens Berman

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Hagens Berman
KBR 11-DAY DEADLINE ALERT: KBR, Inc. (KBR) Cuts 2025 Revenue Due to TRANSCOM Termination, Securities Class Action Looms – Hagens Berman

KBR faces a class-action lawsuit alleging misleading statements about its TRANSCOM military contract, which was terminated due to operational issues, causing significant financial impact and share price decline.

Insights
GOOG   neutral

Maintains a substantial position in the portfolio with $12.4 million allocation


KBR   negative

Company's stock dropped over 7% after contract termination, revenue guidance was reduced by $900 million, and facing allegations of misleading investors about partnership status and operational challenges