Press Release

Trade Release

HOUSTON (May 24, 2016) 

KBR, Inc. (NYSE: KBR) announced today that it has been awarded a five year contract by the Royal Australian Navy (RAN) to provide the training services for the Canberra Class Landing Helicopter Dock (LHD) ships in Sydney, Australia.

In collaboration with the RAN, KBR's Training Solutions Team will evolve the current LHD transition-into-service training system into a world class sustainment training system that produces ships' crew who are qualified and ready to perform their roles the moment they join the ships.

The new RAN training facility in Sydney will use more simulation and emulation in a modern training system, using a blended approach in a contemporary learning environment.

The LHD ships are the largest vessels ever constructed for the Australian Defence Force. HMA Ships Canberra and Adelaide can each transport over 1000 troops, 100 armored vehicles and 12 rotary wing aircraft.

"KBR has a long history of delivering innovative training solutions to defence and government agencies and we are pleased to continue our successful partnership with the Royal Australian Navy," said Rob Hawketts, Vice President, Government Services Asia Pacific.

KBR is a leader in the delivery of major projects and solutions to government, defense, resources and infrastructure clients in Australia, the Asia-Pacific (APAC) region and around the world. KBR's Government Services APAC business is headquartered in Canberra.

Expected revenue from the contract will be included in the second quarter 2016 backlog of unfilled orders for the Government Services segment. The contract value was not disclosed.

About KBR, Inc.
KBR, Inc. is a global technology, engineering, procurement and construction company serving the hydrocarbons and government services industries, employing approximately 22,000 people worldwide with customers in more than 80 countries and operations in 40 countries across three distinct global businesses:Technology & Consulting, including proprietary technology in refining, ethylene, ammonia and fertilizers, and gasification; and niche consulting and know-how through subsidiaries Granherne, Energo and GVAEngineering & Construction, including Offshore Oil & Gas; Onshore Oil & Gas; LNG/GTL; Refining; Petrochemicals; Chemicals; differentiated EPC, and Industrial ServicesGovernment Services, including program management and long term annuity contracts

KBR is proud to work with its customers across the globe to provide technology, value-added consulting services, integrated EPC delivery and Long Term Industrial Services to ensure consistent project 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 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
Zac Nagle
Vice President, Investor Relations
713-753-5082
[email protected]

Media
Marit Babin
Director, Global Communications & Government Relations
713-753-3800
[email protected]