KBR Awarded over $450M in Systems Engineering, Acquisition, Research & Development and Operations Support Contracts
HOUSTON, April 8, 2024 – KBR (NYSE: KBR) announced that it has been awarded new contracts estimated at more than $450 million to deliver highly technical systems engineering support and services to the U.S. Government.
Under the terms of these contracts, KBR will provide systems engineering, acquisition support, phenomenology expertise and data science, as well as applied research, communications security infrastructure, operations and maintenance support.
These contracts focus on sustaining both space and ground systems, enhancing acquisition efficiency via digital engineering, supporting secure communications, information technology systems, and data analysis. Work is expected to be performed through 2031. Additional focus items include providing architecting, engineering and analysis services to support delivery of enterprise capabilities and support to satellite operations. KBR will be combining classic systems engineering methodologies with newer digital engineering technologies to identify solutions for the customer’s difficult challenges, moving their enterprise forward and meeting their mission objectives. Areas of support include strategy and concept development, user engagement, architecture assessment, advanced communications security, lifecycle readiness, verification and validation, mission assurance and utility, flight operations and training, and simulation and data analytics. KBR’s solutions also use artificial intelligence (AI), machine learning and advanced data frameworks.
“We are excited to be a part of these significant projects and to continue growing and maintaining a substantial presence in the Washington D.C. Metropolitan Region,” said KBR Government Solutions U.S. President Byron Bright. “These wins are indicative of KBR’s strategic commitment to being a trusted advisor to the government in all aspects of space and ground system acquisition.”
These contracts are under KBR’s National Security Solutions (NSS) division focused on defense and intelligence support and resources, serving as a testament to KBR's unwavering commitment to providing support to the U.S. Government through its exceptional team, highlighting an enduring dedication to innovation and excellence.
About KBR
We deliver science, technology and engineering solutions to governments and companies around the world. KBR employs approximately 34,000 people worldwide with customers in more than 80 countries and operations in over 30 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 Statements
The statements in this press release that are not historical statements, including statements regarding the expected performance period of the new contracts, are forward-looking statements within the meaning of the federal securities laws. These statements are subject to numerous risks, uncertainties, and assumptions, 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, uncertainties, and assumptions include, but are not limited to, those set forth in 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, which discuss some of the important risks, uncertainties, and assumptions that the company has identified that may affect its business, results of operations, and financial condition. Due to such risks, uncertainties, and assumptions, you are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof. 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
Jamie DuBray
Vice President, Investor Relations
713-753-5082
[email protected]
Media
Philip Ivy
Vice President, Global Communications and Marketing
713-753-3800
[email protected]
