Press Release

The company wins a five-year recompete to provide scientific, engineering, and technical services to the U.S. Geological Survey’s Earth Resources Observation and Science Center

HOUSTON – (Nov. 30, 2020) – KBR (NYSE: KBR) won a $300 million recompete for scientific, engineering and technical services for the U.S. Geological Survey’s (USGS) Earth Resources Observation and Science (EROS) Center. The center combines remotely sensed data and science to better understand how the Earth’s changing landscape impacts ecosystems, economics and everyday life.

EROS operates the Landsat satellite program and maintains the largest civilian collection of images of the Earth’s land surface in existence. This data serves those who work in agriculture, emergency response, intelligence, regional planning, education and research.

Under this cost-plus-fixed-fee contract, KBR will partner with USGS to analyze and assess changes to the Earth’s landscape. The company will perform satellite systems engineering, software development, cybersecurity, data storage, program management, network engineering, satellite data acquisition, and scientific research and application development for remote sensing data. KBR will primarily carry out these efforts in Sioux Falls, South Dakota over the next five years.

KBR’s work with EROS equips decision makers with valuable data to better understand and positively impact the planet. The company will help evaluate wildfire risk; collaborate with other programs to predict famine and prevent food insecurity; and study impacts of coastal change. Users throughout the world rely on data from EROS to assess how to best manage land resources for their communities.

The company has supported the center since 2008 and will build on this collaboration to ensure the success of critical next generation programs, such as Landsat Next and the Land Change Monitoring, Assessment and Projection initiative.

“With our systems engineering, science and IT expertise, KBR stands ready to support EROS in meeting its future challenges,” said Stuart Bradie, KBR President and CEO. “KBR is committed to creating a more sustainable future for the planet, as well as our people, communities and business. We are thrilled to continue to work with an organization that helps mankind better understand and care for our world and the people in it.”

KBR ensures mission success for customers on land, at sea, in the air, in space and in cyberspace. 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 creating solutions for the needs of today and tomorrow.

About KBR

KBR is a global provider of differentiated professional services and solutions across the asset and program life cycle within the government and technology sectors. KBR employs approximately 28,000 people worldwide with customers in more than 80 countries and operations in 40 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; the company's ability to respond to the challenges and business disruption presented by the COVID-19 pandemic; the recent dislocation of the global energy market; the company's ability to realize cost savings and efficiencies relating to the streamlining of its Energy Solutions business; the company's ability to manage its liquidity; the company's ability to continue to generate anticipated levels of revenue, profits and cash flow from operations during the COVID-19 pandemic and any resulting economic downturn; 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, including as a result of the COVID-19 pandemic; 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
Philip Ivy
Vice President, Global Communications and Marketing
713-753-3800
[email protected]