KBR, Inc. operates through two primary business segments: Mission Technology Solutions (MTS) and Sustainable Technology Solutions (STS). The MTS segment, which accounts for the majority of the company's revenue, provides research and development, systems engineering, cyber analytics, and operations readiness support to defense, intelligence, and space agencies, including the U.S. military and NASA. The STS segment focuses on proprietary process technologies, energy transition solutions, and decarbonization services for commercial and industrial clients. Geographically, KBR maintains a strong operational footprint in the United States, the United Kingdom, and Australia. The company has strategically shifted away from high-risk, fixed-price construction projects to focus on long-term, consulting-led government contracts and technology licensing. This pivot has provided KBR with more predictable cash flows and a competitive position as a specialized technical advisor rather than a traditional heavy contractor.