KBR Unveils Rebranded Wyle as $570M Acquisition Closes

KBRlogoKBR (NYSE: KBR) has closed the $570 million purchase of government engineering and technical services contractor Wyle, which will operate under the name of KBRwyle within the parent company’s government services segment.

KBR CEO Stuart Bradie said Tuesday the company expects government services revenue to total $2 billion per year post-acquisition and have a combined workforce of 25, 800 employees in technology- and science-related fields with Wyle’s leadership and business structure in place.

Houston-based KBR, the former engineering and construction subsidiary of Halliburton, said Wyle holds a funded backlog of $440 million as of year-end 2015 and expects to receive an additional $1.1 billion in orders.

Check Also

fuel supply

DLA Selects 10 Awardees for Fuel Supply IDIQs 

Ten companies have each received indefinite-delivery/indefinite-quantity contracts to provide various fuel types to support designated Defense Logistics Agency missions.

BAE Systems

BAE Closes Purchase of Collins Aerospace’s Military GPS Business

BAE Systems has finalized its acquisition of the military GPS business of Raytheon Technologies’ (NYSE: RTX) Collins Aerospace subsidiary. BAE agreed to buy the military GPS business for $1.925B in cash in January and expects the transaction to expand its existing portfolio of electronics systems, the company said Friday.