What KBR, Inc. told the SEC could break it.

KBR's heavy U.S.-government revenue is exposed to federal budget uncertainty; DOGE directives have driven federal staff reductions and hiring freezes and may delay contract awards.

“Thus far, the Administration's directives and actions of the DOGE have resulted in federal government staff reductions and hiring freezes and may result in delays in contract awards.”

KBR depends on third-party subcontractors, suppliers and equipment manufacturers; for U.S. government work there are limited alternative suppliers, particularly those holding the requisite security clearances.

“Certain subcontractors and suppliers, such as those used on our U.S. government contracts, are subject to the same rigorous government requirements that we are and if they are unable to comply with these requirements, in many cases, there are limited alternative subcontractors and suppliers available in the market, particularly those with the requisite security clearances.”