Author: Ross Wilkers|| Date Published: July 5, 2016
KBR (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.
PDW is acquiring Vanteon to expand tactical communications capabilities The acquisition will bring expertise in RF systems, software-defined radios and…
CISA is planning a $100 million cyber operations contract supporting threat-hunting missions The requirement will provide technical and operational support…
Valiant Solutions is expanding its cybersecurity portfolio through the acquisition of BreakPoint Labs The acquisition will bring operational technology security,…
KBR (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.
