Author: Jane Edwards|| Date Published: April 20, 2018
KBR (NYSE: KBR) has assumed control of a joint venture with U.K.-based construction and facilities management provider Carillion after the latter announced insolvency in January.
KBR said Thursday that it closed the acquisition of Carillion™s interest in their Aspire Defence joint venture without causing disruption to operations and delivery of services.
Aspire Defence JV supports the U.K. defense ministry™s Project Allenby Connaught through construction, design and maintenance services in support of the British army™s working and living accommodations.
Stuart Bradie, KBR president and CEO, said the company will continue to provide maintenance and construction support for the project™s army basing program as well as deliver base support services across Aldershot and Salisbury Plain garrisons.
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KBR (NYSE: KBR) has assumed control of a joint venture with U.K.-based construction and facilities management provider Carillion after the latter announced insolvency in January.
