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KBR Stock Falls Despite $8 Billion Antarctica Contract Win
Benzinga·
KBR won an $8 billion Antarctica contract from the U.S. National Science Foundation with a 20-year performance period, yet the stock fell 1.09% on the news. Despite the significant contract award expected to provide long-term revenue stability, KBR shares remain under pressure due to broader market bearish sentiment, weak growth momentum, and a 31.99% decline over the past 12 months.
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