UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of

the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): August 4, 2007

 

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KBR, INC.

(Exact name of registrant as specified in its charter)

 

 

 

601 Jefferson Street

Suite 3400

Houston, Texas 77002

(Address of principal executive offices)

 

Registrant’s telephone number, including area code: (713) 753-3011

 

______________________________

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

 

 

o   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

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On August 4, 2007, KBRL, a subsidiary of KBR, Inc., sold its rights and interests in Brown & Root-Condor Spa (BRC) and certain other Algerian accounts receivable to Sonatrach, a participant in BRC. The purchase price was $24 million paid in Algerian Dinars and KBR is awaiting approval from the Bank of Algeria to convert the amount into U.S. currency. This sale is expected to result in estimated net income to KBR of approximately $0.06 per share, representing a partial reversal of BRC related charges of $0.11 per share recorded in the first quarter of 2007.

 

 

 

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SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

KBR, INC.