DoD Awards KBRwyle Seat on $900 Million Contract to Continue Supporting JT&E Program

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Jun 18, 2018, 05:52 ET

HOUSTON, June 18, 2018 /PRNewswire/ -- KBR, Inc. (NYSE: KBR) announced today that its global government services business, KBRwyle, has secured a seat on a $900 million indefinite-delivery, indefinite-quantity (IDIQ) contract to provide rapid solutions to fix problems identified through the Department of Defense's Joint Test and Evaluation (JT&E) Program.

The U.S. Army Corps of Engineers Engineering Research and Development Center selected KBRwyle as one of the six prime contractors on this 10-year, cost-plus-fixed-fee contract. KBRwyle won a seat on the previous JT&E Program contract in 2007. KBRwyle will assist the program in finding new ways for U.S. warfighters to accomplish their missions with today's equipment and processes.

Under the multi-award contract, KBRwyle will have the opportunity to bid on task orders issued by the JT&E Program Offices to address and resolve critical warfighter issues. Utilizing its recognized systems engineering and test and evaluation expertise, KBRwyle's support will include test and evaluation, specialized engineering, cybersecurity, and intelligence.

"We are honored to be selected as a prime on this contract again and take seriously the confidence exhibited by the DoD in choosing us to continue on this important program," said Byron Bright, President, KBR Government Services U.S. "We will continue to work with the JT&E Program Office to develop rapid and effective solutions to complex warfighter issues with professionalism, rigor and innovation."

The JT&E Program brings multiple military services together to improve the joint interoperability of systems, technical and operational concepts, and system performance, and enhance the validation of testing methodologies, models, simulations, and test beds. The program also develops new tactics, techniques, and procedures and rigorously measures the extent to which their use improves operational outcomes.

KBRwyle specializes in complex and technical services and is a leading systems engineering and integration provider to the U.S. military. KBRwyle's domain expertise spans over 40 years during which it has supported more than 35 Navy, Army and Air Force programs.

Estimated revenue associated with this project will be booked into backlog of unfilled orders for KBR's Government Services Business Segment as task orders are awarded.

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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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.

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