Press Release

Houston - (February 18, 2020) - KBR (NYSE: KBR) is pleased to announce that Executive Mosaic has selected Byron Bright, KBR's Government Solutions U.S. President, as a 2020 Wash 100 award winner, honoring him as one of the most impactful and influential leaders in the government contracting industry.  

The Wash100 Award recognizes executives that have demonstrated excellence in their leadership, innovation, reliability, achievements and vision.

Bright leads KBR’s Government Solutions business segment which pioneers solutions for the U.S. military, NASA and other government customers around the world. Bright joined KBR in 2010 and has served in multiple roles including vice president of business development and senior vice president for the logistics business.

Prior to KBR, he worked in the aerospace and defense industry supporting large engineering services efforts. Bright also served as an U.S. Air Force officer primarily in a developmental test and engineering career field. He flew in more than 25 different aircraft as a flight test engineer.

"I am grateful for this award and see it as a reflection of those who I am privileged to lead,” said Bright. “From forging the future of space travel to advancing technologies for defense systems, I am grateful to lead a team of teams who passionately works together to solve our customers’ most difficult challenges."

Under Bright’s leadership, KBR Government Solutions U.S., which has more than 15,000 employees, generated $2.6 billion in revenue in 2018. After three major acquisitions, he oversaw the integration of these companies into the organization, which strengthened and positioned KBR for long-term stability and growth. 

According to Executive Mosaic, a leadership committee carefully selected the winners for the prestigious award.

"We are pleased to honor the recipients of the 2020 Wash100 Award. This is our seventh consecutive year recognizing executives most likely to make contributions of significance to the GovCon sector," said Jim Garrettson, Executive Mosaic's founder and CEO.

"The annual Wash100 Award showcases GovCon executives of consequence and the esteem these respected individuals enjoy from their industry colleagues," Garrettson continued.

KBR ensures mission success for customers on land, at sea, in the air, in space and in cyberspace. It combines engineering, technical and scientific expertise with full life cycle capabilities, mission knowledge and future-focused technologies. KBR is engineering solutio

ns for the needs of today and tomorrow, safely and efficiently.

About KBR, Inc.

KBR is a global provider of differentiated professional services and technologies across the asset and program lifecycle within the Government Solutions and Energy sectors. KBR employs approximately 38,000 people worldwide (including our joint ventures), with customers in more than 80 countries, and operations in 40 countries, across three synergistic global businesses:

• Government Solutions, 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 Solutions, featuring proprietary technology, equipment, catalysts, digital solutions and related technical services for the monetization of hydrocarbons, including refining, petrochemicals, ammonia and specialty chemicals, as well as inorganics

• Energy Solutions, 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.

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 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
[email protected]

Media
Brenna Hapes
External Global Communications
713-753-3800
[email protected]