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KBR

(Aaron M. Sprecher/Bloomberg)

KBR reports income up after restructuring that cut 1,000 jobs, 11 business segments

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The company announced a major restructuring of the business last December that includes 1,000 job cuts and a reduction in business segments to five from 16 that it said will result in a $200 million annual cost reduction.
William Utt, chairman, president, CEO of KBR, says he'll retire in 2014. (AP Photo/J. David Ake)

KBR’s CEO to retire

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KBR CEO William Utt will retire next year, the company announced Monday.
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KBR Tower in downtown Houston (AP file photo/Pat Sullivan)

KBR profits drop 67 percent

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KBR reported a 67 percent plunge in fourth-quarter earnings, capping what Chief Executive Officer Bill Utt called “a disappointing year” for the Houston-based company.
Categories: General
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Ex-KBR official gets 30 months in prison

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A former KBR chief executive who oversaw a massive bribery scheme to induce Nigerian officials to award $6 billion in refinery contracts was sentenced Thursday to a 30-month prison term.
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Japanese firm to pay $54.6M over bribery charges

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A Japanese company that helped a former Halliburton Co. subsidiary bribe Nigerian officials to win more than $6 billion in construction contracts has pleaded guilty to federal charges, the Justice Department says.
KBR Tower in downtown Houston (AP file photo/Pat Sullivan)

KBR revenue falls, but profits rise on one-time tax benefit

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Income from oil and gas jobs and for international government and defense work rose in the third quarter for the Houston-based engineering and construction company.
Categories: General
KBR Tower in downtown Houston (AP file photo/Pat Sullivan)

KBR earnings fall on military services contract

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Second-quarter earnings for the engineering company fell 6 percent to $100 million, fueled largely by fewer fees awarded under the LogCAP government contract.
Categories: General
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(Image: Fotolia)

U.K. Lawyer Pleads Guilty in KBR bribery scheme

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Tesler, who was indicted in Houston in February 2009 on 11 counts related to the U.S. anti-bribery law, pleaded guilty to one count of conspiracy and one count of violation of FCPA.
Categories: General, Legal issues
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(Photo: Valerie Everett/Flickr)

British lawyer to plead guilty in bribery case

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A British lawyer who had been fighting extradition to the U.S. on charges he helped a former Halliburton Co. subsidiary bribe Nigerian officials will plead guilty, his attorney said today.
Categories: General, Legal issues

KBR pays $292 million for unit of Elgin National Industries

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Under the deal, KBR agreed to pay $280 million, plus working capital of $12 million, for a company it says will expand its services across several commodity markets.

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