KBR buying privately held BE&K; deal valued at $550 million
Military and engineering contractor KBR Inc. said Wednesday it is buying privately held BE&K Inc. in a deal valued at $550 million to expand its services business.
KBR announced that it has been awarded a contract by ConocoPhillips and the Saudi Arabian Oil Company to provide detailed engineering and procurement services for the utilities package and the interconnecting systems and pipe racks for the companies' joint Yanbu Export Refinery Project.