KBR, Inc. (KBR)

[eFinanceMarkets]

KBR to get $435M in settlement of Pemex dispute

KBR (KBR +4.7%) says it will receive $435M to settle a decade-long dispute with Mexico's Pemex over payment for work in the Bay of Campeche related to the EPC 1 offshore platform construction project.

In 2009, KBR received an International Chamber of Commerce arbitration award covering the costs and fees it was owed for its work for Pemex.