Press Release

Houston, Texas - December 22, 2014 - KBR Inc., a world leader in ammonia technology, announced today that it has been awarded the license and engineering contracts to perform front end engineering and design for a potential expansion of Mosaic's Ammonia Plant in St. James, La.

KBR's lean FEED" approach will debottleneck the plant and increase Mosaic's ammonia production capacity by 20 percent at their plant located on the banks of the Mississippi, just south of Baton Rouge. KBR's proprietary ammonia technology will be utilized to revamp and expand the original KBR designed plant. Additionally, KBR will provide the basic engineering design and the FEED requirements necessary to produce a final estimate prior to project approval.

"This is a significant win for KBR and we are pleased to be able to support Mosaic with both our leading technology and our technical and project delivery expertise," said Stuart Bradie, KBR President and CEO. "We look forward to developing a broader relationship with Mosaic through successful execution."
KBR has been involved in the licensing, design, engineering and/or construction of more than 230 ammonia plants worldwide.

Expected revenue from the contract was included in the third quarter 2014 backlog of unfilled orders for the Hydrocarbons segment. The contract value was not disclosed.

About KBR
KBR is a global engineering, construction and services company supporting the energy, hydrocarbons, chemicals, industrial, civil infrastructure, minerals, government services and commercial markets. For more information, visit www.kbr.com.

Forward Looking Statement
The statements in this press release that are not historical statements, including statements regarding future financial performance and backlog information, 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/A, 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.

CONTACT:
Zac Nagle
Vice President, Investor Relations
713-753-5082
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or
Rick Goins
Director, Communications
713-753-3800
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