11:04 AM EDT, 07/16/2024 (MT Newswires) -- KBR's (KBR) $737 million deal to acquire engineering, data analytics and digital integration firm LinQuest is likely to provide "compelling" revenue synergies to the company, Truist Securities said Tuesday.

"We like the deal as an extension of KBR's space platform and potentially providing compelling revenue synergies in an attractive market area," Truist said in a note to clients. "We continue to believe KBR has an opportunity to gain share and become the #1 services vendor at NASA over the next two years."

The deal is expected to close in late Q3 or Q4, according to the note.

Truist kept its buy rating and $90 price target on the KBR stock unchanged.

The company's shares were up more than 2% in recent trading.

Price: 66.93, Change: +1.43, Percent Change: +2.18