KBR, Inc. ( KBR ) shares are trading lower premarket on Monday. The company disclosed that it won a $176 million cost-plus-fixed-fee indefinite delivery, indefinite quantity (IDIQ) contract by the Air Force Research Laboratory (AFRL).

The contract will provide operations and equipment maintenance support to the Air Force Maui Optical and Supercomputing Site (AMOS) in Maui, Hawaii.

The single-award Advanced Space Technology Research and Optimization (ASTRO) contract has a ceiling of $176M and will include multiple task orders.

As per the deal, KBR will assist with the operation and upkeep of advanced experimental equipment, data processing and analysis, and system maintenance and upgrades.

The company will also oversee the modernization of mission systems to support AFRL’s space research and development activities at AMOS.

This project will span seven years, with KBR concentrating on electro-optics, data management, and the improvement of models and simulations.

Stuart Bradie, KBR president and CEO said, “It also presents an incredible opportunity for KBR to collaborate closely with the government and partners, pushing the boundaries of optical imaging and space domain awareness capabilities.”

Last week, KBR won a $85 million firm-fixed-price task order by the U.S. Air Force to procure, design and deliver critical training aids and airfield damage repair kits worldwide.

This task order, known as the AM-2 Matting task award, is part of the Air Force Contract Augmentation Program (AFCAP) contract.

Investors can gain exposure to the stock via Tidal Trust III Intech S&P Small-Mid Cap Diversified Alpha ETF .

Price Action: KBR shares are down 1.16% at $50.07 premarket at the last check Monday.

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