KBR's stock jumps premarket after company wins $1.9 billion NASA contract

KBR's stock (KBR) soared 3.8% in premarket trade Monday, after the engineering company said it's won a $1.9 billion contract to plan, train and fly NASA human spaceflight programs. Under the terms of the deal. Houston-based KBR will provide mission planning and preparation, astronaut and Mission Control Center flight controller training, along with real-time flight execution and future exploration vehicle design. KBR will also help with software development for the International Space Station Program Avionics and Software Office. The contract has a base period of five years with two two-year options that could extend it for nine years. KBR's stock has gained 20% in the year to date, while the S&P 500 has gained 18%.

-Ciara Linnane

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07-24-23 0609ET

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