KBR to bid for part of $3B Air Force contract

AP News
Posted: Nov 23, 2009 6:09 PM

Defense contractor KBR said Monday the U.S. Air Force has asked it to bid for future task orders under the Worldwide Environmental Restoration and Construction program.

KBR is one of 23 companies that will compete for related contracts. The total value of the contract to be dispersed among participating contractors is $3 billion. There is a base contract period of five years.

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Under the contract, KBR will provide a full range of engineering and construction services for the Air Force.

Shares closed up 24 cents to $19.13 in trading Monday.