Press Release

HOUSTON – (May 2, 2022) – KBR (NYSE: KBR) today announced that it has embarked on a series of electric aircraft test flights for the UK Ministry of Defence (MoD) to assess the feasibility of environmentally friendly alternatives to current military aircraft, through its Affinity Capital Works Limited Joint Venture with Elbit Systems UK.

The concept of trialing zero emissions aircraft was brought to the MoD through Affinity – demonstrating its commitment to providing innovative solutions for the UK Armed Forces and addressing the needs of the future to help realize net-zero ambitions in line with the MoD’s green transformation.

The test flights will help the Royal Air Force (RAF) assess the technology of electric aircraft, determine its effectiveness as an impactful pilot training capability, and explore the implications on functional areas like aircraft and airfield operations on the ground and while flying, logistics support and infrastructure, as well as safety.

The flights will use a fully certified two-seater pilot training aircraft, the Velis Electro. Flight and safety assurances were developed during the summer of 2021, which was organized and delivered through Affinity, in partnership with the UK Civil Aviation Authority.

The program began with test flights in December 2021 ahead of the aircraft joining Affinity’s existing fleet at RAF Cranwell, where up to twenty additional pilots will fly the sustainable, eco-friendly aircraft in the months ahead.

“We are tremendously proud to support this initiative. The project builds on KBR’s proud history of pioneering new technologies and aligns with our vision to deliver solutions that help customers accomplish their most critical objectives in a safer and more sustainable way,” said Andrew Barrie, President, KBR Government Solutions EMEA.

KBR has been instrumental to the UK military flying training program since 2016, helping procure nearly 50 aircraft and supporting over 100 staff across three RAF bases in the UK through its Affinity Joint Venture with Elbit Systems UK.

About KBR

We deliver science, technology and engineering solutions to governments and companies around the world. KBR employs approximately 28,000 people performing diverse, complex and mission critical roles in 34 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 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 significant adverse impacts on economic and market conditions of the COVID-19 pandemic and the company’s ability to respond to the resulting challenges and business disruption; the recent dislocation of the global energy market; the company’s ability to manage its liquidity; 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; 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; the possibility of cyber and malware attacks; 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.

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 discuss some of the important risk factors that the company has identified that may affect its business, results of operations and financial condition. 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

Alison Vasquez

Vice President, Investor Relations
713-753-5082
[email protected]

Media

Philip Ivy
Vice President, Global Communications and Marketing
713-753-3800
[email protected]