Class-Action Lawsuit Filed Against KBR Over Alleged Military Contract Misrepresentation
A class-action lawsuit has been filed against KBR, Inc. (NYSE: KBR), alleging the company misled investors about a military contract cancellation. The lawsuit, Norrman v. KBR, Inc., et al., was filed following a significant drop in KBR's stock after the U.S. Department of Defense's Transportation Command (TRANSCOM) terminated a multi-billion-dollar deal. Hagens Berman, the law firm representing the plaintiffs, is urging KBR investors who suffered substantial losses to submit their losses now. The contract, valued at up to $20 billion over a potential nine-year term, was cancelled on June 20, 2025, causing KBR shares to fall over 7%. KBR assured investors on May 6, 2025, that the HomeSafe partnership was 'strong' and 'excellent'. However, the contract was terminated just weeks later on June 19, 2025. The lawsuit alleges that KBR was aware of TRANSCOM's material concerns about the contract but chose to conceal them from investors, leading to significant financial losses for shareholders. The class period for the lawsuit is from May 6, 2025, to June 19, 2025, and the lead plaintiff deadline is November 18, 2025. The lawsuit seeks to represent shareholders who purchased KBR securities during the class period. Hagens Berman encourages affected investors to submit their losses now.
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