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KBR to acquire Stinger Ghaffarian Technologies

Feb. 23, 2018 7:15 AM ETKBR, Inc. (KBR) StockBy: Niloofer Shaikh, SA News Editor1 Comment
  • 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

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