KBR Gets Navy Systems Ready for the Fleet with $41M Contract Award

HOUSTON, Aug. 29, 2019 /PRNewswire/ -- KBR (NYSE: KBR) announced today it has been awarded a $41 million contract by the Naval Air Warfare Center Aircraft Division (NAWCAD) to provide engineering, technical, operational, test and logistics services for its Surface/Aviation Interoperability Laboratory (SAIL).

SAIL essentially functions as an operational U.S. Navy ship that serves as a critical military test asset. This shore-based lab is equipped with combat systems found on U.S. Navy aircraft carriers, guided missile destroyers and littoral combat ships, and utilizes these systems to test and evaluate aircraft and shipboard systems and the associated interface between them.

Under this cost-plus-fixed-fee contract, KBR's services will support SAIL efforts related to the Navy and other U.S. military branches' research and development (R&D) programs; systems integration; simulation and stimulation systems development, test planning and conduct; command, control, communications, computers, intelligence, surveillance, and reconnaissance (C4ISR) systems interoperability; and technology demonstration programs.

KBR will primarily perform this work at Naval Air Station (NAS) Patuxent River in Maryland. This indefinite-delivery/indefinite-quantity contract's period of performance begins in August and runs through July 2024. 

"KBR fully understands that SAIL is a critical node in the Navy's testing operations," said Byron Bright, KBR President, Government Solutions U.S. "We have supported this unique, world-class laboratory since its inception 15 years ago and will continue to work alongside the Navy to make sure systems are tested and ready for the fleet."

KBR is a leading systems engineering and integration (SE&I) provider to U.S. Naval aviation and U.S. Army aviation. Its domain expertise spans over 40 years during which it has supported more than 35 Navy, Army and Air Force aircraft programs.

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, featuring proprietary technology, equipment, catalysts, digital solutions and related technical services for the monetization of hydrocarbons, including refining, petrochemicals, ammonia and specialty chemicals, as well as inorganics

• 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.

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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.

SOURCE KBR, Inc.

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