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OFS - KBR’s energy business will exit EPC contracts to calm investors - July 2020

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KBR will slash its energy business, leaving lump-sum engineering, procurement and construction projects as it focuses on more stable government contracts. The announcement would remove a leading player in LNG projects. “We are exiting the blue-collar construction and lump sum EPC areas within our energy business, and this includes lump sum EPC as it relates to LNG,” CEO Stuart Bradie said during a June 16 investor presentation. Specifics on how KBR intends to accomplish......
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