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Business/Financial

KBR Completes Acquisition Of Government Services Provider SGT

By Cal Biesecker

Thursday, April 26th, 2018

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KBR Completes Acquisition Of Government Services Provider SGT

Stuart Bradie, president and CEO of Houston-based KBR, Inc. Photo: KBR

KBR, Inc. [KBR] on Wednesday said it has completed its $355 million acquisition of Stinger Ghaffarian Technologies, Inc. (SGT) in a deal that expands its professional services capabilities for the federal government, in particular with NASA.“As a combined team we have substantial opportunities for new growth and we are well positioned to capitalize on revenue synergies in a market with strong fundamentals,” Stuart Bradie, KBR’s president and CEO, said in a statement. “This is a very deliberate move to enact…

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