KBR gets Army logistics contract

Associated Press

HOUSTON (AP) — Defense contractor KBR Inc. said Thursday that it has been picked as one of the main contractors on a project that gets Army equipment ready for deployment.

KBR said the work will be done at the Redstone Arsenal in Huntsville, Ala., and in Afghanistan and Kuwait. The first task orders are expected after Oct. 15, the company said.

KBR said that as the prime contractor, it will be able to bid on individual task orders from the Army. The contract replaces another Army contract and consolidates several other supply and logistics contracts for the Army. The ceiling for the whole program is $23.5 billion over five years.

KBR does engineering and construction work and provides services for defense as well as government and utility customers.

Shares of KBR Inc. rose 29 cents to close at $29.92 on Thursday.