The transaction price to KBR is $570 million, after adjustments for approximately $30 million of acquired tax benefits, and subject to other customary adjustments, including for net working capital, net cash and indebtedness of Wyle. For over 20 years, KBRwyle has continuously supported offices within Program Executive Office Missiles and Space (PEO MS) including Close Combat Weapon Systems (CCWS), Joint Attack Munition Systems (JAMS), and Precision Fires Rocket & Missile Systems (PFRMS).KBRwyle supports strategic air and missile defense systems including the Patriot Missile Defense System, Cruise Missile Defense Systems and Counter-Rockets, Artillery and Mortar system (C-RAM).
KBR is an international company, with many opportunities to enhance a career. KBR is a global provider of differentiated professional services and technologies across the asset and program life cycle within the Government Services and Hydrocarbons sectors. KBR employs over 34,000 people worldwide, with customers in more than 80 countries, and operations in 40 countries, across three synergistic global businesses:KBRwyle helps the U.S. Army maintain its aviation advantage by providing aircraft program management, modernization, and legacy platform and system sustainment services. Moreover, Wyle has a strong and experienced management team which will continue in their current capacities.
Wyle's expertise includes systems and sustainment engineering, program and acquisition management, life science research, space medical operations, information technology and the testing and evaluation of aircraft, advanced systems and networks.For further information, please contact:Wyle will become a KBR business unit within KBR's Government Services segment and will maintain much of its current structure to ensure business continuity.
We deliver the government programs that matter most – on time, on budget, and often, on short notice or in extreme environments. KBRwyle’s core capabilities include logistics, engineering, operations, science, program and acquisition management, IT, cyber and security services.KBR is a global provider of differentiated professional services and technologies across the asset and program life cycle within the Hydrocarbons and Government Services Sectors. The transaction price to KBR is $570 million, after adjustments for approximately $30 million of acquired tax benefits, and subject to other customary adjustments, including for net working capital, net cash and indebtedness of Wyle. "Expanding our government services capabilities and service offerings into more profitable and complementary market segments is a key part of KBR's growth strategy," said Stuart Bradie, President and CEO of KBR, Inc. "This strategic acquisition creates the equivalent of a global $2 billion Government Services organization with full service capabilities drawing on the best in class capabilities of both organizations. We also order and manage material, equipment and supply inventories with client-recognized and award-winning 99.9% accuracy.KBRwyle’s logistics expertise incorporates a fully integrated, global response which enables us to deploy, manage, operate, and maintain all types of U.S. military, diplomatic, and agency-required facilities anywhere in the world.
Our suite of contracts, combined with our standing global presence enables us to respond to any event in the world, within 24 hours and bring full resources to bear in 72 hours.
KBRwyle is KBR's global government services business. KBRwyle is also a leading readiness provider of prepositioned stock to the U.S military. Together with Wyle, KBR will now provide capabilities that span the full spectrum of the life-cycle of aerospace and defense programs from research and development, through test and evaluation, to operations, maintenance, and field logistics.Individuals may find the presentation for the webcast on KBR's website under the investor relations section.
The transaction is expected to be immediately accretive to KBR’s earnings per share and will initially be funded by utilizing KBR’s existing line of credit facility and approximately $200 million in cash.Wyle will become a KBR business unit within KBR’s Government Services segment and will maintain much of its current structure to ensure business continuity.
No posts matched your query.Sign up to receive our free daily newsletter and never miss an update!“Adding Wyle’s highly specialized and differentiated offerings to our global government services portfolio improves KBR’s overall risk profile by expanding into other government funding sources for higher-margin and largely cost-reimbursable work,” Bradie continued.
KBR is a global provider of differentiated professional services and technologies across the asset and program lifecycle within the Government Services and Hydrocarbons sectors.
Management believes in work/like balance, listens to employee ideas and concerns, and company growth is giving employees growth opportunities.