KBR Secures Seat on DLA's $124M Automated Fuel Systems Installation Contract

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Jul 08, 2019, 05:52 ET

HOUSTON, July 8, 2019 /PRNewswire/ -- KBR (NYSE: KBR) announced today it has been awarded a seat on a $124 million indefinite-delivery, indefinite-quantity (IDIQ) contract by the U.S. Defense Logistics Agency (DLA) for automated fuel systems installation services.

Under this multi-award contract, KBR will have the opportunity to bid on firm-fixed-price task orders to provide engineering and services for the procurement and installation of automated fuel systems and other fuel facility related systems and equipment.

Specifically, the company will supply all personnel, equipment, materials, supervision, and other non-personnel services to design and install automated fuel handling equipment and associated systems. KBR's work will help standardize equipment and systems at DoD fuel facilities worldwide. The contract has one base year plus four option years.

"KBR has designed and constructed project installations of automated fuel systems across the globe for more than 12 years," said Byron Bright, President, KBR Government Solutions U.S. "We will use our expertise to assist the Defense Logistics Agency in increasing fuel inventory accountability, improving fuel monitoring and controls, and preventing potential fuel spills."

KBR ensures mission success for customers on land, at sea, in the air, and in space and cyberspace. The company drives innovation by combining engineering, technical and scientific expertise with its full life cycle capabilities, mission knowledge and future-focused technologies. KBR is known for excelling in complex and extreme environments and trusted to overcome the nation's most pressing challenges.

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.

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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.