Home / M&A Activity / KBR Closes Stinger Ghaffarian Technologies Buy; Stuart Bradie Comments

KBR Closes Stinger Ghaffarian Technologies Buy; Stuart Bradie Comments

KBR (NYSE: KBR) has completed its purchase of Greenbelt, Maryland-based government technology and engineering services contractor Stinger Ghaffarian Technologies.

Houston-based KBR said Wednesday it intends to retain most of SGT’s current structure and integrate the business into its government services arm KBRwyle.

SGT offers technology platforms and services to NASA and other government space programs. It currently supports the space agency’s Johnson Space Center under a potential $1.12 billion contract awarded in October of last year.

Stuart Bradie, president and CEO of KBR, said the combined organization aims to identify new growth opportunities and create synergies across the civil, military and commercial markets.

Check Also

SAIC Books $255M US Space Systems Engineering Contract; Mark Escobar Quoted

Science Applications International Corp. (NYSE: SAIC) has secured a potential $255 million contract from an …

CACI Reports 2.6% Revenue Hike, $5.2B in Contract Wins for FY 2018; Ken Asbury Quoted

CACI International (NYSE: CACI) posted $4.46 billion in revenue for the full fiscal year 2018 …