Irenic takes a position at KBR. Here's how the activist may help improve shareholder value

1. Irenic plans to push KBR to separate its STS and GS segments. 2. KBR's GS segment has low margins, while STS shows high growth potential. 3. The Trump administration's policies may favor KBR's STS segment. 4. Activist pressure could lead to operational efficiency and shareholder value. 5. Separation may attract appropriate investor bases and enhance business focus.