Inside these posts: Military

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KBR earnings helped by acquisition of Chicago firm

Houston-based engineering and military contracting company KBR Inc. (formerly Kellogg Brown & Root) expects to generate less than a fifth of its 2011 revenue from U.S. military logistics, though the engineering company said that will be more than it had previously anticipated.

KBR Chief Executive Bill Utt said Thursday that the $280 million acquisition of Chicago-based Roberts & Schaefer, a bulk material handling and processing specialist in mining, power and refining, would contribute 11 cents a share to KBR’s 2011 earnings.

KBR has focused more on engineering projects for the energy and mining industries to offset the lost military work. Get the full story »

American opens cyber lounge for troops at O’Hare

American Airlines and USO of Illinois today opened a cyber canteen for active military service members who are traveling through Chicago’s O’Hare International Airport.

The new facility, located off the L concourse at the far eastern end of American’s Terminal 3, can seat about 120 people and is available for military personnel and their families.

Open daily from 6 a.m. until 10 p.m., the lounge features free Wi-Fi Internet access, food and drink and a lounge area where traveling troops can recharge. Get the full story »