Executive Mosaic is honored to name Mark Sopp, executive vice president and chief financial officer at KBR's government services business, as an inductee into the 2019 Wash100 “” Executive Mosaic's annual selection of the most influential voices in the government contracting arena “” for leading KBR to financial success and expanding into the space business.
This latest honor marks the third Wash100 Award for Sopp.
KBR recorded eight consecutive quarters of strong revenue, earnings and cash flow. The company earned an 18 percent increase in full-year revenue to $4.9 billion in fiscal year 2018. During the fourth quarter the company made $1.3 billion in revenue and announced an organic growth of 31 percent in government services.
Sopp shared his excitement regarding KBR's expansion into the space sector in a recent interview with ExecutiveBiz. He believes the government's renewed interest in human space exploration and the convergence of military, civilian and commercial space capabilities from a national security perspective is vital.
“We have positioned our business to be a thought leader and contracting leader in that area. Our strong presence in NASA will also help bring all the components together for the next phase of technology that we expect to be deployed into space within the next several years,“ Sopp said.
KBR secured multiple contracts in 2018 that boosted the company's financial performance. The U.S. Army awarded the company a potential 10-year, $900 million multi-award contract to support the Pentagon's Joint Test and Evaluation Program. KBR also received a $114 million task order from the Army to provide logistics support services to service members deployed in Europe and the Arabian Peninsula.
With Sopp's assistance the company began working with the U.S. Navy to install and certify shore facility and shipboard command, communications, intelligence, surveillance and reconnaissance platforms under a potential $1.3 billion contract.
Sopp joined KBR as the CFO in late 2016. Previously, he served as the CFO and executive vice president for Leidos Holdings, Inc., formerly the Science Applications International Corporation, between 2005 and 2015. He also spent seven years as the SVP and CFO of the Titan Corporation, eight years as the director of International Controller for the Taylor Made Golf Company and was the senior auditor for Arthur Andersen and Co. for three years.
Executive Mosaic congratulates Mark Sopp and the KBR team for receiving this award.
About The Wash100
The Wash100 award, now in its sixth year, recognizes the most influential executives in the GovCon industry as selected by the Executive Mosaic team in tandem with online nominations from the GovCon community. Representing the best of the private and public sector, the winners demonstrate superior leadership, innovation, reliability, achievement and vision.
Visit the Wash100 site to learn about the other 99 winners of the 2019 Wash100 Award. On the site, you can submit your 10 votes for the GovCon executives of consequence that you believe will have the most significant impact in 2019.