In September 2025, KBR announced a plan to pursue a tax-free spin-off of its Mission Technology Solutions (MTS)
segment. Following the spin-off, KBR shareholders are expected to benefit from ownership in two pure-play,
standalone companies with increased agility and distinct, compelling investment profiles.
The spin-off is expected to be completed on January 4, 2027. Upon being officially spun off as an independent public
company, the company will operate under the new name Trinzic.
The formation of two independent companies with distinct product and service offerings better positions New KBR and
Trinzic to deliver long-term profitable growth and value for customers, associates, and shareholders. Each company
is expected to benefit from:
- Enhanced strategic and management focus
- Organizational agility and streamlined decision making
- Increased end market focus, prioritized commercial resources, and sharpened go-to-market approaches
- Greater capital allocation flexibility to support strategic imperatives, including potential future M&A
transactions
- Distinct and compelling investment profiles
The planned spinoff is intended to be taxfree to KBR and its shareholders for U.S. federal income tax purposes and
remains subject to customary conditions, including regulatory approvals and final approval by KBR’s Board of
Directors.
New KBR (Sustainable Technology Solutions – “STS”)
New KBR, comprising the Sustainable Technology Solutions business, will deliver proprietary IP-protected, process
technologies that reduce emissions, increase efficiency, and advance energy transition. With trusted global
capabilities and a strong track record for delivery, KBR will continue to provide synergistic advisory and
consulting services, high-end digitally enabled engineering, design, and program management across the asset
lifecycle to its customers globally.
After the spin-off of MTS, KBR will leverage its global leadership across a diverse base of over 85 process
technologies, where it is uniquely positioned to benefit across the ammonia/syngas, chemical/petrochemicals, clean
refining, and circular process/circular economy markets. KBR will build on its proven track record of
commercializing new technologies opposite future demand needs to capture meaningful market potential, supported by
strong secular trends.
KBR is expected to benefit from its low capital intensity, access to diversified revenue streams, and robust free
cash flow with high conversion rates.
Trinzic (Mission Technology Solutions or SpinCo)
Trinzic will enter the market with more than $5 billion in annual revenue, 18,000 employees and a global footprint,
supported by a capital-efficient model, a broad customer base and long-term contracts that generate stable and
predictable cash flows.
The new company will deliver technology-forward, digital solutions and capabilities across a diverse portfolio. Key
areas of expertise include digital integration, AI, mission engineering and rapid prototyping within the most
complex, classified and multi-domain environments.
Related Executive Leadership Updates
In connection with its plan to form two independent, publicly traded companies, KBR has announced the following
executive leadership updates:
- Post-spin, Stuart Bradie will serve as KBR Chair, President, and Chief Executive Officer.
- Post-spin, Shad Evans will serve as KBR’s Chief Financial Officer.
- Michael LaRouche has been appointed as President and Chief Executive Officer-Designate of the planned spin-off
entity. LaRouche will join KBR on September 24, 2026. Post-spin, LaRouche will be President and Chief Executive
Officer of Trinzic.
- Nicholas Veasey has been appointed as Executive Vice President and Chief Financial Officer-Designate of the
planned spin-off entity. Veasey joined KBR on July 1, 2026. Post-spin, Veasey will be Executive Vice President
and Chief Financial Officer of Trinzic.
Read more about Trinzic’s executive appointments here: KBR
Names Chief Executive Officer and Chief Financial Officer of its Mission Technology Solutions Spin-off
Business
Investor Days
The company will host investor days for KBR and Trinzic on November 11, 2026, and November 12, 2026, respectively.
Both events will be held at the Conrad New York Downtown and will be streamed via Q4. Registration details will be
available on KBR’s investors page in the coming weeks.
Supporting materials for the September 2025 announcement are available below.