KBR, Inc. KBR recently announced it has won contracts worth more than $120 million from U.S. Navy, wherein it has to deliver engineering services for the latter’s training systems and aircraft survivability equipment. KBR will carry out work for these task orders in Florida and other locations over the next five years.As per the task order worth $64.9 million, KBR will develop and refurbish training system hardware, software, electronic classroom content and audio-visual courseware for the E-2/C-2 Airborne Command and Control Systems Program Office (PMA-231). KBR will also research and analyze the scope for live, virtual and constructive training that is compatible with other platforms.Furthermore, KBR won a $55.3-MILLION task order to offer multidiscipline research as well as predictive modeling services for the Advanced Tactical Aircraft Protection Systems Program Office (PMA-272). Consequently, KBR will enhance the authenticity, serviceability and accessibility of aircraft equipment. The company will also provide development and management services to databases and electronic technical manuals.With respect to this, KBR's Government Solutions president, Byron Bright said, “These recompetes speak to KBR's commitment and capability to prepare and protect men and women in the fleet. Our work helps servicemembers carry out their missions effectively and come home safely.”Robust Contribution From Government Solutions BusinessThe Government Solutions business is one of the major contributing units of KBR, which shares space with Altair Engineering Inc. ALTR, Jacobs Engineering Group Inc. J and AECOM ACM in the Zacks Engineering - R and D Services industry. KBR is banking on the strength of its Government Solutions business to optimize its growth potential. Robust backlog is also growing steadily, adding to the company’s bliss.Government Solutions, which accounted for 68.2% of KBR's 2020 revenues, mainly focuses on long-term service contracts with annuity streams for the U.K., Australian and U.S. governments.KBR’s continuous growth is led by strong contribution from the overseas logistics and mission support programs, higher military exercise activities and increased outsourcing of sustainment activities by the military, along with ramp up of new contract wins. Higher tasking for various missile defense and other military priorities in its engineering business areas — under select IDIQ contracts — are major positives. The company anticipates strong growth across all key markets in the United States, U.K. and Australia, primarily attributable to persistent opportunities across the project’s lifecycle.KBR’s shares have rallied 24% in the year-to-date period compared with the Zacks Engineering - R and D Services industry’s 16.7% growth. Also, the Zacks Consensus Estimate for this Zacks Rank #3 (Hold) company’s 2021 earnings indicates a 3.7% increase from 2020. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Image Source: Zacks Investment Research Zacks' Top Picks to Cash in on Artificial Intelligence In 2021, this world-changing technology is projected to generate $327.5 billion in revenue. Now Shark Tank star and billionaire investor Mark Cuban says AI will create "the world's first trillionaires." Zacks' urgent special report reveals 3 AI picks investors need to know about today.See 3 Artificial Intelligence Stocks With Extreme Upside Potential>>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Altair Engineering Inc. (ALTR): Free Stock Analysis Report AECOM (ACM): Free Stock Analysis Report KBR, Inc. (KBR): Free Stock Analysis Report Jacobs Engineering Group Inc. (J): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research