KBR Keeps Automated Fuel Systems Running Safely, Efficiently Worldwide for U.S. Defense Logistics Agency with $49.5M Contract

The company will provide program management, maintenance and testing to increase system reliability and maintainability, reduce costs and improve performance

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KBR, Inc.

Apr 27, 2021, 06:00 ET

HOUSTON, April 27, 2021 /PRNewswire/ -- KBR (NYSE: KBR) won a $49.5 million contract from the U.S. Defense Logistics Agency (DLA) to sustain and maintain critical automated hydrant fueling systems at Department of Defense facilities worldwide.

KBR will provide program management, preventative and corrective maintenance, testing, design support, training, as well as equipment and site support for these fueling systems, which use digital industrial control systems to safely and efficiently operate.

The company's efforts will fortify DLA's Hydrant Fueling Automation Maintenance program, an ongoing initiative to standardize maintenance to increase system reliability and maintainability, reduce long-term maintenance costs, and improve performance and safety. This contract will help boost fuel inventory accountability, improve fuel monitoring, and prevent spills, aligning with KBR's commitment to create a better, safer and more sustainable world.

The five-year contract includes one base year and four option years. This single award, indefinite delivery/indefinite quantity contract has a maximum value of $49.5 million. Work is expected to be performed at 90 locations around the world, and supports the U.S. Army, Navy, Air Force, Marine Corps and Air National Guard.

"KBR will provide safe and modern engineering and maintenance services to fuel systems in key areas around the globe," said Byron Bright, KBR President, Global Government Solutions. "We are excited to bring our sustainability principles and digitalization expertise to this ongoing project."

KBR has supported fuel handling equipment installation and maintenance for the Naval Information Warfare Center Atlantic and DLA for 13 years. The company also provides base operation support services, next generation asset management, digitally focused logistics, and integrated supply chain management for military and commercial customers globally. Known for excelling in complex and extreme environments, KBR is trusted to help customers meet their most pressing challenges today and into the future.

About KBR

We deliver science, technology and engineering solutions to governments and companies around the world. KBR employs approximately 29,000 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.

SOURCE KBR, Inc.