KBR reported first quarter fiscal 2026 revenues of $1.9 billion, down 5% due to expected EUCOM contingency runoff, with net income attributable to KBR falling 12% to $102 million. Operating income decreased 11% to $180 million, while adjusted EBITDA rose slightly by 1% to $251 million. The company reaffirmed its full-year fiscal 2026 guidance and is progressing with a planned spin-off of its Mission Technology Solutions segment to create two focused public companies, aiming to enhance strategic focus and shareholder value. Backlog remains strong at $23.2 billion with a book-to-bill ratio of 1.1x, indicating steady demand across core markets.
Autonomize, a healthcare AI platform, has strengthened its leadership by appointing three industry veterans to its Advisory Board and hiring Mike Longacre as Head of Transformation. These moves aim to help healthcare organizations move beyond AI pilo...
Fairfax Financial Holdings has finalized its acquisition of Kennedy-Wilson Holdings at $10.90 per share in cash, led by a consortium including Kennedy Wilson's CEO William McMorrow and affiliates of Fairfax. The Kennedy Wilson management team retains...
Aya Gold & Silver Inc., a Canadian precious metals mining company operating in Morocco, will be added to the VanEck Gold Miners ETF (GDX) effective June 19, 2026. This inclusion marks a significant milestone reflecting the company's growth in product...
Nephros, Inc. emphasizes its ultrafiltration technology's ability to capture microplastics and nanoplastics in water, following the U.S. EPA's April 2026 decision to list microplastics as a priority contaminant under the Safe Drinking Water Act. The ...
After the US and Iran reached a deal expected to reopen the Strait of Hormuz, the world's largest tanker owner, Mitsui OSK Lines, cautions that shipping companies will wait for proof the agreement works before resuming normal traffic. The strait is c...
