Latest news with #TRANSCOM
Yahoo
2 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
3 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
Time of India
06-06-2025
- Politics
- Time of India
US military's logistics drill aims to burnish East Asia crisis response
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Drills in East Asia this summer by the U.S. military body charged with moving munitions and equipment will help it better coordinate and communicate with allies in response to a crisis, its commander said on by growing Chinese assertiveness , whether in the disputed South China Sea or around Chinese-claimed Taiwan, Washington and its friends in the region have been drilling together U.S. Transportation Command, or TRANSCOM, is responsible not only for coordinating the pre-positioning of weapons and other equipment around the world by land, air and sea, but also for resupply in the event of a visit to East Asia, TRASNCOM Commander Randall Reed, told reporters it was essential to maintain and expand ties in the region so as to ensure a swift U.S. response to disasters and counter threats to peace and security."We're going to have a series of exercises and will test the current logistics architecture and infrastructure which provides sustained freedom of manoeuvre," he said on a teleconference, without giving further details of location or timing."We're seeking to demonstrate our ability to rapidly mobilise, then deploy forces from within the United States to locations throughout the region here," Reed added, describing the aim of one exercise, Mobility tasks will permit testing of tactics, techniques and procedures with allies and partners and enhance connectivity, he said."It will help us deepen relationships and work together even more closely than we already are to bolster regional security ."On his trip, Reed has visited Japan and the Philippines and will go to South Korea, all treaty allies of the United militaries of the Philippines and the United States have sailed together in the South China Sea for a seventh time to boost interoperability between the two sides, Manila's armed forces said on Thursday.
Yahoo
06-06-2025
- Politics
- Yahoo
US military's logistics drill aims to burnish East Asia crisis response
TAIPEI (Reuters) -Drills in East Asia this summer by the U.S. military body charged with moving munitions and equipment will help it better coordinate and communicate with allies in response to a crisis, its commander said on Friday. Alarmed by growing Chinese assertiveness, whether in the disputed South China Sea or around Chinese-claimed Taiwan, Washington and its friends in the region have been drilling together regularly. The U.S. Transportation Command, or TRANSCOM, is responsible not only for coordinating the pre-positioning of weapons and other equipment around the world by land, air and sea, but also for resupply in the event of conflict. On a visit to East Asia, TRASNCOM Commander Randall Reed, told reporters it was essential to maintain and expand ties in the region so as to ensure a swift U.S. response to disasters and counter threats to peace and security. "We're going to have a series of exercises and will test the current logistics architecture and infrastructure which provides sustained freedom of manoeuvre," he said on a teleconference, without giving further details of location or timing. "We're seeking to demonstrate our ability to rapidly mobilise, then deploy forces from within the United States to locations throughout the region here," Reed added, describing the aim of one exercise, Mobility Guardian. The tasks will permit testing of tactics, techniques and procedures with allies and partners and enhance connectivity, he said. "It will help us deepen relationships and work together even more closely than we already are to bolster regional security." On his trip, Reed has visited Japan and the Philippines and will go to South Korea, all treaty allies of the United States. The militaries of the Philippines and the United States have sailed together in the South China Sea for a seventh time to boost interoperability between the two sides, Manila's armed forces said on Thursday.
