Press Release

HOUSTON (October 15, 2018) KBR, Inc. (NYSE: KBR) announced today that its global government services business, KBRwyle, has been awarded a $48 million indefinite-delivery/indefinite-quantity (IDIQ) contract by NASA Goddard Space Flight Center (GSFC) to construct, deploy and commission the next generation Space Geodesy (SG) Satellite Laser Ranging (SLR) ground systems.

KBRwyle will deliver up to six SLR systems on this contract. It will also provide project management, engineering development, system build, documentation, acceptance testing and other services.

KBRwyle's efforts will help maintain and enhance the geodetic infrastructure that enables modern geodesy and supports NASA's earth science missions. Geodesy is the science of accurately measuring, with the highest precision, the Earth's geometric shape, gravity and orientation in space, including their evolution in time.

The KBRwyle-built systems will be part of the new NASA Space Geodetic Network (NSGN), which will provide high-quality millimeter data for the International Terrestrial Reference Frame (ITRF).

The ITRF is a world spatial reference system that is the foundation for virtually all Earth observations. The SLR systems' data will feed into this reference frame, enabling scientists to assign coordinates to points and objects and determine how those points and objects move over time.

The ITRF is critical to spacecraft tracking and navigation, as well as all georeferenced data used by society. Additionally, it provides measurements that help scientists better understand the impact of geohazards, such as earthquakes, volcanic eruptions, landslides, tsunamis, floods, storm surges and hurricanes.

"We are proud of our role in building the future of NASA space geodesy," said Byron Bright, President, KBR Government Services U.S. "KBRwyle's work on these cutting-edge systems will help NASA survey the world. The systems' data has the potential to profoundly and positively impact science, and, ultimately, humankind."

KBRwyle will primarily perform this work at its office in Lanham, Maryland, as well as GSFC and other locations around the world. The contract award period is seven years.

KBRwyle has advanced SLR capabilities around the world for over 35 years and is a provider of key ground systems and mission operations to NASA, the U.S. Air Force and NOAA. It has supplied full life cycle satellite operations support for over 700 spacecraft since 1958. With its recent acquisition of space services provider Stinger Ghaffarian Technologies Inc. (SGT), KBRwyle will continue to solve the space industry's most challenging problems.

Estimated revenue associated with this contract award will be booked into 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]