KBR Wins London Police Contract
Recently, KBR Inc. (KBR) received a contract from the London Mayor’s Office for Policing and Crime to provide facilities management integrator services to the Metropolitan Police Service. The financial details of the contract were not disclosed.
The Metropolitan Police Service is the biggest police force of Britain and covers an area of 620 square miles and a population of 7.2 million.
KBR was awarded the contract after a competitive bidding process and the scope of the contract includes procurement, managing and auditing the facilities management supply chain for the Metropolitan Police Service.
The contract will be included in KBR’s Services segment. The Services business group primarily delivers full-scope construction, construction management, fabrication, operations/maintenance, commissioning/startup and turnaround expertise. Services revenue increased by $43 million in 2012 as compared to 2011.
This increase was primarily driven by increases of $167 million in the company’s Canada product line and $121 million in the U.S. Construction product line due to several new awards and increased activity on new projects.
In addition, KBR will also design and manage a building management system in order to cut overall maintenance costs for the Metropolitan Police. Further, KBR plans to set up and manage a facilities management call centre.
KBR has more than two decades of experience of delivering effective and efficient services to the U.K. public sector. The company has received about 350 major contracts across 29 central and local government departments.
KBR currently carries a Zacks Rank #3 (Hold). Other stocks operating in a similar industry and worth a look are Chicago Bridge & Iron (CBI), Orion Marine Group Inc. (ORN) and Honeywell International Inc. (HON). All the three stocks carry a Zacks Rank #2 (Buy).
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