- KBR (NYSE:KBR) signed a definitive agreement to purchase Stinger Ghaffarian Technologies (SGT), a privately held company for an undisclosed term.
- "We are excited to bring SGT into the KBR family," said Stuart Bradie, KBR President and CEO. "There is a strong cultural fit. Like KBR, SGT is a people company that operates with integrity and delivers strong results by putting customers and employees at the forefront of everything they do."
- The transaction is expected to close around the end of the Q1.
- Pursuant to acquisition, SGT will operate as a business unit within KBR's global Government Services business,
- KBRwyle with Kam Ghaffarian and the SGT management team remains intact.
- Source: Press Release