Root

ROOT

KBR, Inc. (formerly Kellogg Brown & Root) is an American engineering, procurement, and construction company, formerly a subsidiary of Halliburton. After Halliburton acquired Dresser Industries in 1998, Dresser's engineering subsidiary, the M. W. Kellogg Co., was merged with Halliburton's construction subsidiary, Brown & Root, to form Kellogg Brown & Root. KBR and its predecessors have received many contracts with the U.S. military including during World War II, the Vietnam War, and the Iraq War. Democratic Congressman Lyndon B. Johnson, later President of the United States, was instrumental in providing government contracts for Brown & Root, in exchange for the company funding his campaigns and otherwise providing money to him.The company's corporate offices are in the KBR Tower in Downtown Houston.

Root has been a target of short sellers for a while. The current short interest of 13.36% is slightly below the average of the last 12 months (16.00%).