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KBR (KBR) Invests in Applied Computing to Expand AI Capabilities
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KBR, Inc. (NYSE:KBR) is one of the 10 Best 52-Week Low NYSE Stocks to Buy Now. On March 23, 2026, KBR, Inc. (NYSE:KBR) announced a strategic investment in Applied Computing, a UK-based company, and secured a board position as part of the deal. The company said the investment supports its AI-driven growth strategy, with plans to integrate Applied Computing’s Orbital model with KBR’s technologies to develop new digital products and expand AI capabilities across energy, chemical, and industrial sectors through a multi-year joint development agreement. On March 18, 2026, KBR, Inc. (NYSE:KBR) was awarded a contract by Zallaf Exploration, Production and Refining of Oil and Gas Company to provide project management and technical services for the South Refinery Project in Libya, with work expected to run over 50 months. Pixabay/Public Domain On March 12, 2026, the company also secured a seven-year General Maintenance Services contract, with an optional three-year extension, from Saudi Aramco Total Refining and Petrochemical Company for its petrochemical complex in Jubail, covering a range of maintenance services. KBR, Inc. (NYSE:KBR) provides engineering, technology, and scientific solutions to government and commercial customers globally. While we acknowledge the potential of KBR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. Disclosure: None. Follow Insider Monkey on Google News.