KBR Wins $1.1 Billion Follow-On Contract for Weather Data Services

MT newswire2026/09/01 10:38

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06:38 AM EDT, 09/01/2026 (MT Newswires) -- KBR's (KBR) Mission Technology Solutions business has won a follow-on contract from the National Oceanic and Atmospheric Administration's National Weather Service with a five-year ceiling value of $1.1 billion, the company said Tuesday. KBR will provide weather and related observational data from commercial, academic and research sources across the US, the company said. The contract runs from September 2026 through August 2031 and will support forecasting severe storms, extreme temperatures and other high-impact weather events, it added. KBR shares were up 5% in premarket activity.

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The U.S. Energy Information Administration (EIA) has raised its forecast for average Brent crude oil prices in 2026 and 2027 to $97 and $86, respectively, reflecting pressures from global inventory declines, Middle East supply disruptions, and rising transportation costs. As oil production in the Middle East gradually recovers and global inventories rebound from low levels, the EIA expects the average spot price of Brent crude to fall to $87 per barrel in the second quarter of 2027, and further decline to $77 per barrel by the fourth quarter.

华尔街见闻•2026/11/10 18:41