KBR first quarter profit more than tripled with arbitration award

[maddezmom]

Source: Canadian Press

HOUSTON — KBR Inc., the military contractor and engineering outfit, said Friday its first-quarter profit more than tripled, helped by a gain from an arbitration award, and the company's top executive touted prospects for broad growth.

In addition, chairman and chief executive Bill Utt said the company hopes to finish a costly U.S. embassy project in Macedonia by year's end.

While the former Halliburton subsidiary remains the Pentagon's biggest private contractor in Iraq, the company has focused in the past couple of years on expanding its engineering and industrial construction operations, where its roots lie.

KBR said earnings for the quarter ended March 31 rose to US$98 million, or 58 cents per share, from $28 million, or 17 cents per share, a year earlier. Revenue rose 24.3 per cent to $2.52 billion from $2.03 billion in the same period last year.



Read more: http://canadianpress.google.com/article/ALeqM5gBUCkqL-XKxVWbsTKhebw0yq-q2A

[saigon68]

1. These Gangsters have BLOOD on their hands

[Mika]

2. And they're thirsty for more.

Dick Cheney, draft dodging bloodsucking CEO

[Preston120]

3. In the 30's they were called Nazi's.

[Doctor_J]

4. No worries - Obama's DoJ will seize all of their assets

and shut them down with racketeering, corruption, and fraud charges.