KBR has appointed Michael LaRouche and Nicholas Veasey to lead its planned spin-off entity, SpinCo, which will house its Mission Technology Solutions business. LaRouche will serve as President and Chief Executive Officer-Designate, joining KBR on September 24, 2026, while Veasey will take the role of Executive Vice President and Chief Financial Officer-Designate, joining on July 1, 2026. The strategic separation is intended to unlock value for shareholders by creating two independent, pure-play companies with distinct investment profiles.

The spin-off is scheduled for completion on January 4, 2027. Upon closing, LaRouche and Veasey will assume their full leadership roles within the new entity. KBR shareholders are expected to retain ownership in both SpinCo and the post-spin KBR, which will continue to focus on Sustainable Technology Solutions under the leadership of Stuart Bradie, KBR Chair, President and Chief Executive Officer. The transaction is intended to be tax-free for U.S. federal income tax purposes and remains subject to regulatory approvals and final board authorization. The name and brand identity of SpinCo will be announced next month.

Leadership Profiles

LaRouche joins KBR from Serco North America, where he served as CEO. He brings over three decades of experience in the defense, space, cyber, intelligence, and government services markets. His previous roles include serving as a sector President at SAIC and holding senior leadership positions at Raytheon and Lockheed Martin. He holds a Bachelor of Science in electrical engineering from the University of Michigan and a Master of Science in electrical and computer engineering from the University of Colorado.

Veasey most recently served as CFO of MAG Aerospace. His career includes over two decades of experience in finance, capital markets, and mergers and acquisitions within the aerospace and defense sectors. He was previously Vice President of Treasury, M&A and Investor Relations at Booz Allen Hamilton and held roles at Deutsche Bank and The Carlyle Group. A U.S. Marine Corps veteran, Veasey holds a Bachelor of Science in economics from the U.S. Naval Academy, an MBA from Georgetown University, and a Master of Public Policy from Georgetown.

SpinCo Operational Overview

SpinCo will enter the market as a global company focused on national security and space missions. The entity will leverage a capital-efficient model supported by long-term contracts that generate stable cash flows.

The new company will aim to deliver technology-forward digital solutions across classified and multi-domain environments. Management emphasized that the distinct brand and capabilities of SpinCo are designed to accelerate growth and create long-term value for stakeholders.

KBR launched its inaugural Innovation Studio in Bengaluru, powered by Applied Computing, to establish a base for delivering industrial AI from India. The studio serves as KBR's operational hub for remote monitoring and advisory services delivered through INSITE 3.0, powered by Applied Computing's Orbital Platform. This collaboration combines Applied Computing's foundation AI for energy with KBR's process technology to serve global industrial customers.

The hub will deliver remote monitoring and advisory services to KBR's existing global industrial customers. It also serves as the foundation for deploying the new INSITE 3.0 AI capability to the first wave of customers later this year. In March, KBR launched INSITE 3.0, its digital delivery platform powered by Orbital, marking the first product to integrate the foundation model with KBR's process technology expertise.

Strategic Collaboration

The Innovation Studio is co-located with Applied Computing's Bengaluru office. This strategic co-location brings together KBR's operational experts and Applied Computing's engineering team base. The integration aims to leverage decades of process technology knowledge and a foundation model built specifically for the energy sector.

Leadership Perspectives

Hari Ravindran, SVP and Global Head of Technology Solutions, KBR, said: "The Innovation Studio reflects KBR's commitment to building deep technology partnerships in India and investing in the future of industrial operations here. Co-locating the KBR Innovation Studio, staffed by our operational experts, alongside Applied Computing's engineering team base, brings the best of both together: decades of process technology knowledge and a foundation model built specifically for energy. This is a long-term commitment to our customers in the region and to the engineers and specialists who will deliver for them."

Dan Jeavons, President of Applied Computing, said: "India is where the future of industrial AI is being decided. The scale of operations, the pace of growth and the willingness to adopt advanced technologies are unmatched anywhere in the world. This studio launch is our chance to show, in a live control room, what foundation AI built for energy can actually do. Orbital is already delivering results at some of the largest refineries on the planet, and bringing the industry together in Bengaluru is the clearest signal yet of where we believe this technology is heading."

Facility Overview

At the studio's opening event last week, KBR leadership hosted members of the media as well as subject matter experts, experienced field engineers, operations and maintenance specialists. The launch event offered a first look at the facility and a live demonstration of INSITE 3.0 in action.