KBR, Inc. (NYSE: KBR) announced today that the United States Second Circuit Court of Appeals denied PEMEX Exploracion y Produccion’s (PEP) petition for rehearing on a judgment in favor of COMMISA, a subsidiary of KBR, that is in excess of $465 million.

This favorable outcome follows a decade of litigation involving two offshore natural gas treatment, processing and reinjection platforms which COMMISA built for PEP, platforms which have been working and in use by PEP since 2004 but for which COMMISA was never fully compensated, KBR said in a press release.

“We are encouraged by this positive result for KBR’s subsidiary COMMISA and believe this moves us another step closer to recovering substantial amounts long overdue for work performed decades ago,” said Stuart Bradie, President and CEO of KBR.

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