U.S. Markets closed

KBR announces U.S. dismisses false claims case

KBR announced that the United States has voluntarily dismissed its False Claims Act case it filed against the company. On April 1, 2010, the United States sued KBR for damages claiming that KBR had violated the False Claims Act by billing under LOGCAP III, which is KBR's logistics support contract with the Army. These costs were associated with armed private security contractors in Iraq.