Latest news with #HomeSafeAlliance
Globe and Mail
7 hours ago
- Business
- Globe and Mail
Securities Fraud Investigation Into KBR, Inc. (KBR) Announced – Investors Who Lost Money Urged To Contact The Law Offices of Frank R. Cruz
The Law Offices of Frank R. Cruz announces an investigation of KBR, Inc. ('KBR' or the 'Company') (NYSE: KBR) on behalf of investors concerning the Company's possible violations of federal securities laws. IF YOU ARE AN INVESTOR WHO LOST MONEY ON KBR, INC. (KBR), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING A CLAIM TO RECOVER YOUR LOSS. What Is The Investigation About? On June 18, 2025, the U.S. Department of Defense announced that it had canceled its multibillion-dollar contract with KBR's joint venture, HomeSafe Alliance ('HAS'), 'for cause due to HSA's demonstrated inability to fulfill their obligations and deliver high quality moves to Service members.' On this news, KBR's stock price fell $3.85, or 7.3%, to close at $48.93 per share on June 20, 2025, thereby injuring investors. Contact Us To Participate or Learn More: If you purchased KBR securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us: The Law Offices of Frank R. Cruz, 2121 Avenue of the Stars, Suite 800, Century City, California 90067 Call us at: 310-914-5007 Email us at: info@ Visit our website at: Follow us for updates on Twitter at If you inquire by email, please include your mailing address, telephone number, and number of shares purchased. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Yahoo
4 days ago
- Business
- Yahoo
KBR's HomeSafe Alliance Military Moving Contract Terminated by TRANSCOM
KBR Inc. (NYSE:KBR) is one of the most undervalued US stocks according to analysts. On June 20, 2025, KBR announced from Houston that its Joint Venture, HomeSafe Alliance, received notification on June 18 from the US Transportation Command (TRANSCOM) regarding the termination of HomeSafe's involvement in the Global Household Goods Contract. The contract was specifically designed to enhance the moving system for military service members and their families. Despite this development, KBR stated that it does not foresee a material impact on its adjusted EBITDA outlook for the year 2025. An engineer wearing protective gear overlooking a research and development laboratory. This is because the program was not initially expected to contribute to the company's profits during this initial year of move activity. KBR affirmed its commitment to continue collaborating with HomeSafe to ensure all obligations to TRANSCOM, military service members, and their families are met. KBR Inc. (NYSE:KBR) provides scientific, technology, and engineering solutions to governments and commercial customers worldwide. While we acknowledge the potential of KBR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the . READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
5 days ago
- Business
- Yahoo
KBR's HomeSafe Alliance Military Moving Contract Terminated by TRANSCOM
KBR Inc. (NYSE:KBR) is one of the most undervalued US stocks according to analysts. On June 20, 2025, KBR announced from Houston that its Joint Venture, HomeSafe Alliance, received notification on June 18 from the US Transportation Command (TRANSCOM) regarding the termination of HomeSafe's involvement in the Global Household Goods Contract. The contract was specifically designed to enhance the moving system for military service members and their families. Despite this development, KBR stated that it does not foresee a material impact on its adjusted EBITDA outlook for the year 2025. An engineer wearing protective gear overlooking a research and development laboratory. This is because the program was not initially expected to contribute to the company's profits during this initial year of move activity. KBR affirmed its commitment to continue collaborating with HomeSafe to ensure all obligations to TRANSCOM, military service members, and their families are met. KBR Inc. (NYSE:KBR) provides scientific, technology, and engineering solutions to governments and commercial customers worldwide. While we acknowledge the potential of KBR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the . READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
19-06-2025
- Business
- Yahoo
HomeSafe Alliance Announces TRANSCOM's Notice to Terminate Global Household Goods Contract
HOUSTON, June 19, 2025 /PRNewswire/ -- HomeSafe Alliance received on June 18, 2025, a notice from the U.S. Department of Defense's Transportation Command (TRANSCOM) terminating the Global Household Goods Contract, which HomeSafe won in 2021 to transform the military move system for the benefit of service members and their families. HomeSafe is confident it performed to the fullest extent possible considering the limitations placed on it. HomeSafe disagrees with TRANSCOM's justification for terminating the program. Though HomeSafe will be ceasing operations, it will first complete all moves currently in progress for service members and their families. "I'm incredibly proud of the work our team has done, and I'm confident that we were turning the tide on the antiquated and broken military move system that we inherited," said HomeSafe Alliance CEO Bobby Nicholson. "I'd like to thank our employees, who worked hard to transform the moving process for military service members and their families, and I'm grateful to those service members and their families for allowing us to serve them." TRANSCOM created the Global Household Goods Contract at the direction of Congress to modernize the military move system after years of complaints from service members, their families and veterans. HomeSafe has worked in good faith with TRANSCOM for several months to address government delays, obstacles and commercial challenges. Indeed, as of a few weeks ago, TRANSCOM and HomeSafe had reached an agreement to resolve these issues and move the program forward. HomeSafe is disappointed that it did not have the opportunity to engage with the Permanent Change of Station Joint Task Force prior to the contract being terminated without warning. From the program's start, HomeSafe also has faced staunch opposition from certain legacy movers. HomeSafe is considering all legal options available to it. View original content to download multimedia: SOURCE HomeSafe Alliance Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
28-05-2025
- Business
- Yahoo
‘It's only getting worse': Hegseth issues changes to fix military moving issues
Top brass at the Department of Defense is weighing in on the way the military moves its members after an Action News Jax investigation. Secretary of Defense Pete Hegseth has directed the U.S. Transportation Command to implement sweeping changes amid the busy moving season. Hegseth issued a list of changes, starting with slashing the number of moves the new program through HomeSafe Alliance receives, saying, 'We know it's not working and it's only getting worse.' Action News Jax has been covering the military moving nightmares for months, talking to military families who wait weeks, even months, to receive their goods, movers who can't afford to work at HomeSafe's rates, and more. INVESTIGATES: After the military switches to a new company, moving issues continue 'The stress does not end from start to finish,' one Navy sailor told us. Experiences like those with are the reason Hegseth said he is changing the plan. All moves will now be split between the new program with HomeSafe at the helm and the old system with multiple vendors, like Jacksonville-based Stefan Cordeiro of Stewart Moving and Storage Memorandum directing immediate modifications to the personal property program 'Everybody has been spewing their concerns for at least the last two years now,' Cordiero, whose business took a major hit with the new program, said. Now, the DOD is taking action. Earlier this month, it relieved the program's director of his duties. Hegseth also just ordered TRANSCOM to come up with new, more competitive rates for moving companies, increasing the amount military families are reimbursed if they move themselves, and developing a task force to review the entire moving process and see how it can be improved, as well as tracking weekly progress. [SIGN UP: Action News Jax Daily Headlines Newsletter] In response to the memo HomeSafe Alliance sent us this statement: 'HomeSafe Alliance is grateful for Defense Secretary Hegseth's attention to the Global Household Goods Contract and the directives he has issued, which will greatly improve moving experiences for military service members and their families. DoD raising our rates to account for significant inflation from the last four years would substantially benefit our ability to facilitate world-class moving services for our nation's heroes. We look forward to working with the PCS Task Force to demonstrate how our program modernizes and digitizes the move process and resolves decades-long issues with military relocations.' [DOWNLOAD: Free Action News Jax app for alerts as news breaks] Click here to download the free Action News Jax news and weather apps, click here to download the Action News Jax Now app for your smart TV and click here to stream Action News Jax live.
