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KBRwyle Awarded $114M in U.S. Army LOGCAP IV Task Order Mods to Aid Military Readiness Overseas

Wire Release​

HOUSTON – (December 11, 2018) – KBR, Inc. (NYSE: KBR) announced today that its global government services business, KBRwyle, was awarded two task order modifications totaling $114 million to provide logistics support services to the U.S. Army in Europe and the Arabian Peninsula. The Army Contracting Command awarded these modifications under the Logistics Civil Augmentation Program (LOGCAP) IV contract.

KBRwyle received a $53 million task order modification to continue assisting the U.S. European Command in meeting its mission. The company's services will include maintenance support, base operating support services, and assisting the U.S. Army in transporting arms, ammunition and explosives. This is a six-month extension on the task order, which was originally awarded in August 2015.

KBRwyle also received a $61 million task order modification to continue providing logistics support to the U.S. military in Kuwait and the United Arab Emirates. The company will provide facilities management, laundry services, waste management, maintenance support, fire protection, airfield management, and transportation operations. This is the third option year on the task order, which was originally awarded in April 2015.

"It is our privilege to continue serving soldiers and civilians overseas in the Arabian Peninsula and Europe through these new task order modifications," said Byron Bright, President, KBR Government Services U.S. "KBRwyle will carry on delivering its military contingency support to the U.S. and allied forces with unmatched responsiveness and capability."

KBRwyle has provided global base life support and logistics services through multiple LOGCAP contracts for more than two decades. KBRwyle's military readiness expertise and international footprint enable it to rapidly mobilize and respond to the military's combat and exercise support needs.

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.

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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.

For further information, please contact:

Investors
Alison Vasquez
Vice President, Investor Relations
713-753-5082
Investors@kbr.com

Media
Brenna Hapes
External Global Communications
713-753-3800
Mediarelations@kbr.com