Press Release

HOUSTON Ð (August 15, 2018) Ð KBR, Inc. (NYSE: KBR) announced today that its global government services business, KBRwyle, has been awarded a contract by the U.S. Naval Air Warfare Center Training Systems Division (NAWCTSD) to provide centrifuge-based training for all U.S. Navy and Marine Corps aircrew including the world famous flight demonstration squadron, the Blue Angels.

KBRwyle will conduct centrifuge-based flight environment training for approximately 600 students annually from the Navy's Blue Angels flight demonstration squadron, as well as the Chief of Naval Air Training, Naval Strike Air Warfare Center, and the Chief of Naval Air Forces and U.S. Marine Corps.

KBRwyle instructors will teach students about the physiological effects of acceleration and countermeasures used in a high-G environment. Students will receive classroom instruction as well as realistic, hands-on training in the company-operated centrifuge that generates acceleration forces equivalent to those experienced during flight.

KBRwyle will provide all personnel, resources, facilities, and maintenance for this training, and will support routine Navy inspections to ensure the safety of its operations.

This work will be primarily performed at KBRwyle's office in San Antonio, Texas. The period of performance for this single award, indefinite-delivery/indefinite-quantity (IDIQ) contract is five years.

"KBRwyle's training is critical in preparing aircrew for the extreme G-forces they'll encounter during flight," said Byron Bright, President, KBR Government Services U.S. "KBRwyle has been the exclusive provider of centrifuge-based acceleration training for all Navy and Marine Corps aircrew for the past five years, and we are proud to continue this work."

KBRwyle won the previous contract for this work in 2013, and continues to be the premier provider of high-G flight training to the Navy. It also conducts similar training for U.S. Air Force fighter pilots and combat systems officers.

KBRwyle is an industry-leader in human performance and extreme aviation testing for the Department of Defense and NASA. It operates multiple specialized test facilities dedicated to research, development, test and evaluation of critically important human performance issues and life support equipment.

Estimated revenue associated with this contract award will be booked into the backlog of unfilled orders for KBR's Government Services business segment.

About KBR, Inc.

KBR is a global provider of differentiated professional services and technologies across the asset and program life cycle within the Government Services and Hydrocarbons sectors. KBR employs approximately 34,000 people worldwide (including our joint ventures), with customers in more than 75 countries, and operations in 40 countries, across three synergistic global businesses:

• Government Services, serving government customers globally, including capabilities that cover the full life-cycle 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, including proprietary technology focused on the monetization of hydrocarbons (especially natural gas and natural gas liquids) in ethylene and petrochemicals; ammonia, nitric acid and fertilizers; oil refining and gasification
• Hydrocarbons Services, 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.

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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]