Press Release

HOUSTON – (March 21, 2022) – KBR (NYSE: KBR) announced today it has been awarded a $640 million Ground Systems and Mission Operations-3 (GSMO-3) contract to support more than 10 NASA exploration missions, including continued efforts on the James Webb Space Telescope, Lunar Reconnaissance Orbiter and Earth Observing System.

Under the terms of the indefinite-delivery/indefinite-quantity (IDIQ) contract, KBR will provide systems engineering, facility engineering, launch and early orbit support, flight operations, and flight dynamics support to various NASA missions managed by Space Science Mission Operations and Earth Science Mission Operations at NASA’s Goddard Space Flight Center in Greenbelt, Maryland.

“KBR is thrilled to continue partnering with NASA on their critical missions, which is an honor we’ve had for six decades,” said Stuart Bradie, KBR President and CEO. “This long-term collaboration further enhances our promise to advance the future of spaceflight, and we look forward to working with the incredible people at Goddard to expand our knowledge of Earth and beyond.”

Throughout the five-year contract, KBR will perform mission IT and systems engineering, as well as design, implementation, integration and testing of ground systems and operations products for NASA’s key projects, including: Earth Observing System, Earth Observing System Data and Operations System, Magnetospheric Multi-Scale mission, Global Precipitation Measurement mission, Lunar Reconnaissance Orbiter, James Webb Space Telescope, Fermi Gamma-ray Space Telescope, Geostationary Operational Environmental Satellites, Nancy Grace Roman Space Telescope and Solar Dynamics Observatory.

KBR was awarded this contract following its support on NASA’s Ground Systems and Mission Operations-2 (GSMO-2) contract. As a part of this follow-on contract, KBR’s team will also uphold a wide range of concept and operations studies, formulation development, sustainment engineering, and decommissioning.

KBR currently operates at 11 NASA centers and facilities and is one of the world’s largest human spaceflight support organizations.

About KBR

We deliver science, technology and engineering solutions to governments and companies around the world. KBR employs approximately 28,000 people performing diverse, complex and mission critical roles in 34 countries.

KBR is proud to work with its customers across the globe to provide technology, value-added services, and long- term operations and maintenance services to ensure consistent delivery with predictable results. At KBR, We Deliver.

Visit www.kbr.com

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 significant adverse impacts on economic and market conditions of the COVID-19 pandemic and the company’s ability to respond to the resulting challenges and business disruption; the recent dislocation of the global energy market; the company’s ability to manage its liquidity; 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; 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; the possibility of cyber and malware attacks; 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.

The company’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 the company has identified that may affect its business, results of operations and financial condition. Except as required by law, the company 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
[email protected]

Media
Philip Ivy
Vice President, Global Communications and Marketing
713-753-3800
[email protected]