SEC
Whistleblower
Attorneys

July 02, 2018

KBR, Inc.

Financial Fraud

SANCTION AMOUNT: $2500000

Defendants: KBR, Inc.

The Commission found that Respondent, an engineering and construction company, inflated a performance metric known as "work in backlog," which is supposed to represent the amount of revenue expected in the future from firm orders under previously awarded contracts. And that, as a result, Respondent restated earnings in certain of its financial statements. The charges were settled.

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