Press Release

HOUSTON – September 25, 2018 – KBR (NYSE: KBR) announced today that it was awarded two contract modifications totaling almost $40 million to upgrade remote tracking stations in the Air Force Satellite Control Network (AFSCN).

The U.S. Air Force Space Command (AFSC) Space and Missile Systems Center (SMC) awarded these firm fixed price modifications under the existing Hybrid Remote Tracking Station (RTS) Block Change (RBC) Contract. KBR was awarded the RBC Hybrid contract in February 2013.

AFSCN is a global system that provides command, control, and communications for space vehicles and satellites. It supports telemetry, tracking, and command for U.S. defense space vehicles as well as selected space programs run by NASA and foreign allies.

Most recently, KBR won a $2.2 million award to perform construction activities at the Diego Garcia Tracking Station (DGS) in the British Indian Ocean Territory (BIOT). This will include electrical, mechanical and facilities upgrades supporting the existing Hybrid project at the site. The award’s period of performance begins in September 2019 and runs through May 2020.

The company also received a $37.4 million award to upgrade RBC systems at the New Hampshire Tracking Station in New Boston, New Hampshire and the Telemetry and Command Station in Oakhanger, England. KBR is expected to complete this work by May 2022.

This work includes replacing existing Automated Remote Tracking Station (ARTS) systems with new RBC systems and integrating these RBC systems with existing antennas and associated subsystems. KBR will ensure the successful integration and testing of the overall system, which will ultimately enhance AFSCN operations.

“These awards highlight KBR’s continued organic growth in important military space markets,” said Byron Bright, President, KBR Government Solutions U.S. “They are a testament to our reputation for delivering quality, dependable and innovative mission-critical services to the government.”

“KBR is proud to be a leader in advancing air, space, and missile defense systems for the U.S. military and to partner with the U.S. military to bolster our national security posture,” Bright continued.

In addition to the work at these sites, KBR has already completed work on the Hawaii Tracking Station (HTS-B) and is currently working on additional Hybrid projects at Guam Tracking Station (GTS-A), Vandenberg Tracking Station (VTS-B) and Thule Tracking Station (TTS-B).

KBR is a leader in modernizing and maintaining the U.S. national security space infrastructure. It has provided more than 55 years of ground systems support for the U.S. Air Force, U.S. Navy, NASA, and other agencies.

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]