HOUSTON – (November 29, 2018) – KBR, Inc. (NYSE: KBR) announced today that its global government services business, KBRwyle, has been awarded two base operating support services (BOSS) contracts by Naval Facilities Engineering Command, Europe, Africa and Southwest Asia. These contracts total almost $54 million.
Most recently, KBRwyle received a $23.5 million cost-plus-award-fee task order to provide base operating support services at a Naval Support Facility in Poland. The period of performance covered by the award is a one year base period with three option years.
The Navy also awarded KBRwyle a $30 million contract modification to provide base operating support services in the Kingdom of Bahrain. This is the fourth option year on the contract, which was originally awarded in June 2014. This contract modification brings the total cumulative contract value to $147 million.
KBRwyle will perform a range of services to support the men and women at these military installations. They include facility management, galley services, base vehicle maintenance, as well as laundry services, pest control and fire emergency services.
"These contract awards speak to our role as a trusted provider of base operating services," said Byron Bright, President, KBR Government Services U.S. "From keeping the power running to serving meals and treating water, KBRwyle understands the importance of providing top-notch services to armed forces and civilians at bases across the globe."
As a leading base operations support provider, KBRwyle helps ensure mission success by serving U.S. and Allied military forces and diplomatic and civilian personnel deployed around the world. Our commitment to supporting and improving military readiness began in WWII when we proudly provided a home away from home to troops on the frontlines. Today, we are known for our theater-opening expertise and providing safe and vital base operations support anytime, anywhere, even in the most extreme or austere environments.
About KBR, Inc.
KBR is a global provider of differentiated professional services and technologies across the asset and program lifecycle within the Government Services and Hydrocarbons sectors. KBR employs approximately 34,000 people worldwide (including our joint ventures), with customers in more than 75 countries, and operations in 40 countries, across three synergistic global businesses:
- Government Services, serving government customers globally, including capabilities that cover the full lifecycle of defense, space, aviation and other government programs and missions from research and development, through systems engineering, test and evaluation, program management, to operations, maintenance, and field logistics
- Technology, including proprietary technology focused on the monetization of hydrocarbons (especially natural gas and natural gas liquids) in ethylene and petrochemicals; ammonia, nitric acid and fertilizers; oil refining and gasification
- Hydrocarbons Services, including onshore oil and gas; LNG (liquefaction and regasification)/GTL; oil refining; petrochemicals; chemicals; fertilizers; differentiated EPC; maintenance services (Brown & Root Industrial Services); offshore oil and gas (shallow-water, deep-water, subsea); floating solutions (FPU, FPSO, FLNG & FSRU); program management and consulting services
KBR is proud to work with its customers across the globe to provide technology, value-added services, integrated EPC delivery and long term operations and maintenance services to ensure consistent delivery with predictable results. At KBR, We Deliver.
Forward Looking Statement
The statements in this press release that are not historical statements, including statements regarding future financial performance, are forward-looking statements within the meaning of the federal securities laws. These statements are subject to numerous risks and uncertainties, many of which are beyond the company's control that could cause actual results to differ materially from the results expressed or implied by the statements. These risks and uncertainties include, but are not limited to: the outcome of and the publicity surrounding audits and investigations by domestic and foreign government agencies and legislative bodies; potential adverse proceedings by such agencies and potential adverse results and consequences from such proceedings; the scope and enforceability of the company's indemnities from its former parent; changes in capital spending by the company's customers; the company's ability to obtain contracts from existing and new customers and perform under those contracts; structural changes in the industries in which the company operates; escalating costs associated with and the performance of fixed-fee projects and the company's ability to control its cost under its contracts; claims negotiations and contract disputes with the company's customers; changes in the demand for or price of oil and/or natural gas; protection of intellectual property rights; compliance with environmental laws; changes in government regulations and regulatory requirements; compliance with laws related to income taxes; unsettled political conditions, war and the effects of terrorism; foreign operations and foreign exchange rates and controls; the development and installation of financial systems; increased competition for employees; the ability to successfully complete and integrate acquisitions; and operations of joint ventures, including joint ventures that are not controlled by the company.
KBR's most recently filed Annual Report on Form 10-K, any subsequent Form 10-Qs and 8-Ks, and other U.S. Securities and Exchange Commission filings discuss some of the important risk factors that KBR has identified that may affect the business, results of operations and financial condition. Except as required by law, KBR undertakes no obligation to revise or update publicly any forward-looking statements for any reason.
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