HOUSTON, April 25, 2018 – KBR, Inc. (NYSE: KBR) announced today that it has completed the acquisition of Stinger Ghaffarian Technologies, Inc. (SGT) a leading provider of technology solutions, engineering services, mission operations, scientific and IT software solutions in the Government Services market.
This strategic acquisition represents a significant step forward in KBR’s strategy to expand its high-tech professional services across the Government Services sector. The addition of SGT solidifies KBRwyle’s position as an established leader in space exploration and opens up significant new opportunities in both commercial and military space.
“We are excited to bring SGT into the KBRwyle family,” said Stuart Bradie, KBR President and CEO. “As a combined team we have substantial opportunities for new growth and we are well positioned to capitalize on revenue synergies in a market with strong fundamentals.”
“This is a very deliberate move to enact our long term strategy within the Government Services market, NASA and the broader space industry,” Bradie continued. “We are building a long lasting space franchise with a major presence in the three key segments of today’s industry – civil, military and commercial.”
We will immediately begin integrating SGT into KBRwyle, KBR’s Government Services Segment, and SGT will maintain much of its current structure to ensure business continuity.
About KBR, Inc.
KBR is a global provider of differentiated professional services and technologies across the asset and program life cycle within the Government Services and Hydrocarbons sectors. KBR employs approximately 34,000 people worldwide (including our joint ventures), with customers in more than 75 countries, and operations in 40 countries, across three synergistic global businesses:
- Government Services, serving government customers globally, including capabilities that cover the full life-cycle of defense, space, aviation and other government programs and missions from research and development, through systems engineering, test and evaluation, program management, to operations, maintenance, and field logistics
- Technology & Consulting, including proprietary technology focused on the monetization of hydrocarbons (especially natural gas and natural gas liquids) in ethylene and petrochemicals; ammonia, nitric acid and fertilizers; oil refining; gasification; oil and gas consulting; integrity management; naval architecture and proprietary hulls; and downstream consulting
- Engineering & Construction, including onshore oil and gas; LNG (liquefaction and regasification)/GTL; oil refining; petrochemicals; chemicals; fertilizers; differentiated EPC; maintenance services (Brown & Root Industrial Services); offshore oil and gas (shallow-water, deep-water, subsea); floating solutions (FPU, FPSO, FLNG & FSRU) and program management
KBR is proud to work with its customers across the globe to provide technology, value-added services, integrated EPC delivery and long term operations and maintenance services to ensure consistent delivery with predictable results. At KBR, We Deliver.