Press Release

HOUSTON – (November 19, 2019) – KBR (NYSE: KBR) announced today it has been awarded a $23.7 million contract modification by Naval Facilities Engineering Command, Europe, Africa and Southwest Asia (NAVFAC EURAFSWA) to provide base operations support services at Shaikh Isa Air Base in the Kingdom of Bahrain.

This 12-month contract includes a three-month option period and extends the original five-year contract, which was awarded in June 2014. Previously, KBR performed similar work at Isa Air Base for four years under the Logistics Civil Augmentation Program (LOGCAP) III and IV contracts.

Under this contract modification, KBR will continue to provide a myriad of services, including galley, facility and grounds maintenance, custodial, pest control, power generation and distribution, diesel fuel operations, reverse osmosis water purification and distribution, and base vehicle maintenance.

“KBR recognizes its key role in sustaining military readiness at Isa Air Base,” said Byron Bright, KBR President, Government Solutions U.S. “Whether we are providing clean water, keeping the power on or maintaining safe facilities, KBR is committed to meeting the needs of the U.S. military men and women stationed at this installation.” 

As part of this vital work at Isa Air Base, KBR will continue to serve up its award-winning galley services. This year the base dining facility, Paradisa Café, managed by KBR, earned a 5-Star accreditation – the Navy's highest level of evaluation for food service operations. It also received this award in 2016 and 2017.

As a leading base operations support provider, KBR serves U.S. and allied military forces, and diplomatic and civilian personnel deployed around the world. For over 75 years, KBR has helped ensure the success of U.S. government missions and military readiness in the world's most challenging environments.

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, 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
• 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]