KBR Inc (KBR.N) 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 said on Thursday it expects between $1.6 billion and $1.8 billion of revenue from U.S. defense-related work under the Logistics Civil Augmentation Program this year, implying a roughly similiar decline to what the company had expected for LOGCAP in 2010. After booking $4.84 billion in revenue from Middle East operations for the U.S. government in 2009, KBR had forecast a 40 percent decline in U.S. military logistics revenue in 2010 as troops were pulled out of Iraq.
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