KBR shares rise 1.69% intraday after winning a FEED contract for a fertilizer plant in Iraq.

Kbr, Inc. rose 1.69% in intraday trading, with the company announcing that it has been awarded a front-end engineering design (FEED) contract for the development of an ammonia and urea production plant by KAR Electrical Power Production Trading FZE (KEPPT) in Basra, Iraq. The contract involves providing FEED for a 2,300 metric tons per day (MTPD) ammonia production facility and a 3,850 MTPD urea production unit, utilizing KBR’s proprietary ammonia technology designed for high efficiency, low emissions, and operational reliability.