Press Release

Whole life cycle support will be provided to include research, development, test and evaluation for the U.S. Army’s STARE Project Office.

HOUSTON – (March 14, 2022) – KBR (NYSE: KBR) was awarded a new $70 million contract to provide technical analysis for sensor development that addresses current and future threats for the U.S. Army Program Executive Office Missiles and Space, Search, Track, Acquire, Radiate, Eliminate (STARE) Project Office. KBR was awarded this contract under the Department of Defense Information Analysis Center’s (DoD IAC) multiple-award contract (MAC) vehicle. These DoD IAC MAC task orders are awarded by the U.S. Air Force's 774th Enterprise Sourcing Squadron to develop and create new knowledge for the enhancement of the DTIC repository and the R&D and S&T community.

“KBR is proud to support the Army in sustaining readiness while modernizing the force of the future,” said Byron Bright, President of KBR Government Solutions. “This contract is critical to maintain current sensor readiness, within the Army Fires portfolio, while modernizing sensors to address emerging threats and support future Army multi-domain operations.”

During the four-year contract, KBR’s technical support will independently verify and validate sensor and system-of-systems performance within the Integrated Air and Missile Defense Battle Command System (IBCS) and future multi-domain operation architectures. The United States Army awarded the task order under an Information Analysis Center Multiple Award Contract.

KBR is proud to be a leader in advancing air, space, cyber, and missile defense systems for the U.S. military. For more than 40 years, KBR has supported U.S. Army air and missile defense systems. The company drives innovation by combining engineering, technical and scientific expertise with its full life cycle capabilities, mission knowledge and future-focused technologies. Known for excelling in complex and extreme environments, KBR is trusted to overcome the nation's most pressing challenges.

About DoD IAC Program

The DoD IAC, sponsored by Defense Technical Information Center, provides technical data management and research support for DoD and federal government users. Established in 1946, the IAC program serves the DoD science and technology (S&T) and acquisition communities to drive innovation and technological developments by enhancing collaboration through integrated scientific and technical information development and dissemination for the DoD and broader S&T community.

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.

Disclaimer. “This material is based upon work supported by the DoD Information Analysis Center Program (DoD IAC), sponsored by the Defense Technical Information Center (DTIC) under Contract No. FA8075-18-D-0015.”

Approved for Public Release, Distribution Unlimited. “Any opinions, findings and conclusions or recommendations expressed in this material are those of the author(s) and do not necessarily reflect the views of the DoD”

For further information, please contact:

Investors
Alison Vasquez
Vice President, Investor Relations
713-753-5082
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Media
Philip Ivy
Vice President, Global Communications and Marketing
713-753-3800
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