KeyBanc analyst Sean Eastman noted that press reports indicate Nigeria LNG signed a letter of intent for the Engineering, Procurement and Construction contract for Train 7 with a consortia of Saipem, Chiyoda and Daewoo, calling the news a "modest disappointment" for KBR (KBR), whose joint venture with JGC and TechnipFMC (FTI) was also bidding for the EPC contract. However, he does not view this as impacting his EPS estimates or management's guidance, added Eastman, who believes KBR remains well positioned for other outsized LNG opportunities. He keeps an Overweight rating on KBR shares.