KBR, Inc.
| Company Name | KBR, Inc. |
| Stock Symbol | KBR |
| Class Period | May 06, 2025 to June 19, 2025 |
| Lead Plaintiff Motion Deadline | November 18, 2025 |
On June 19, 2025, KBR’s joint venture, HomeSafe Alliance (“HomeSafe”) announced that it had received a notice from the U.S. Department of Defense’s Transportation Command (TRANSCOM) terminating its multibillion-dollar Household Goods contract “for cause due to [HomeSafe’s] demonstrated inability to fulfill their obligations and deliver high quality moves to Service members.”
On this news, KBR’s stock price fell $3.85, or 7.3%, to close at $48.93 per share on June 20, 2025, thereby injuring investors.
The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) Despite the knowledge that TRANSCOM had, for months, had material concerns with HomeSafe’s ability to fulfill the Global Household Goods Contract, Defendants claimed that the partnership was without issue, and would ramp up in future quarters; and (2) as a result, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.
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