KBR to spin off mission technology solutions.

KBR, an engineering, construction, and services company, is set to spin off mission technology solutions. Financial terms were not disclosed. “Over the last decade, we have successfully transformed KBR into a leading provider of differentiated, innovative, up-market science, technology, and engineering solutions with global scale, global reach, and global impact. Today’s announcement of our plan to spin off MTS and form two pure-play companies marks a major milestone and pivotal step in KBR’s evolution to unlock the next phase of value creation,” Stuart Bradie, KBR Chair, President, and Chief Executive Officer.