06:57 AM EDT, 09/24/2025 (MT Newswires) -- KBR (KBR) said Wednesday it intends to spin off its mission technology solutions segment into a separate publicly listed company.

Following the planned spin-off, the company will consist of the sustainable technology solutions business.

Stuart Bradie will serve as new KBR chief executive, president and chair. Chief Financial Officer Mark Sopp will transition into a newly created role overseeing the team responsible for the planned spin-off.

The company said Shad Evans will replace Sopp as CFO, effective Jan. 5.

KBR expects the transaction to close by mid-to-late 2026, subject to final board approval and other conditions.

The company also said it's reaffirming its previously outlined fiscal 2025 outlook.