KBR, Inc. (NYSE: KBR) announced today that its global government services business, KBRwyle, has been awarded a contract to study the future of commercial enterprise in low-Earth orbit (LEO), including long-range opportunities for the International Space Station (ISS). NASA selected KBRwyle as one of thirteen contract awardees.
KBRwyle will assess the potential growth of a LEO market and how to offer affordable access to LEO. It will also analyze how to foster demand for commercial and government use of LEO platforms and capabilities. KBRwyle will study specific industry concepts like the viability of habitable platforms including the space station and separate free-flying structures.
KBRwyle will also provide NASA with recommendations on the role of the government and the space station in developing and growing a commercial economy in LEO.
Key data points: The growth forecast = 4.3% annually for the next 7 years. Scroll below to get more insights. This market report covers trends, opportunities, and forecasts in the global confined space winch market to 2031 by type (manual winches and electric winches), application (construction, mining, emergency rescue, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)
Download free sample pagesAccording to NASA, the findings from these studies will help it, the administration and Congress develop a strategic approach to growing opportunities for American industry. The application of these results will expand access to LEO and stimulate a vibrant and competitive industrial base for continued U.S. leadership in space.
"KBRwyle has been at the forefront of U.S. space exploration for the last 50 years," said Byron Bright, President, KBR Government Services U.S. "We look forward to applying our expertise to these studies, working to profoundly impact the future of space exploration and shape tomorrow's space economy."
KBRwyle has worked with every U.S. astronaut since 1968 and has provided critical support to the ISS during design, construction and almost 18 years of continuous crewed operations. It operates at eleven NASA centers and facilities and supports work in the areas of space technology, aeronautics, science, and human exploration and operations. KBRwyle is a leading space industry services provider supporting the civil, military and commercial space segments.
Estimated revenue associated with this contract award will be booked into the backlog of unfilled orders for KBR's Government Services business segment.
