KBR to Expand Advanced Development Capabilities for U.S. Air Force with $539M Engineering Task Order

USA - English

• USA - English

HOUSTON, Feb. 18, 2021 /PRNewswire/ -- KBR (NYSE: KBR) won a $539 million engineering task order to support rapid prototyping and fielding of systems for the U.S. Air Force's Tactical Exploitation of National Capabilities (TENCAP) program. TENCAP takes national space capabilities and applies them at the tactical level to support operational requirements.

KBR will assist the Air Force in using air, space and cyber capabilities to rapidly deliver agile, leading-edge technologies and systems for the U.S. military. This new work will include engineering services in support of geolocation tracking; sensor, data fusion and dissemination; unconventional warfare and special operations; situational awareness; cyber and spectrum warfare operations; air superiority; command, control and spectrum utilization; and real-time large data analytics and virtualization.

The company will carry out these duties in Colorado as well as other locations around the world over the next five years. KBR has performed similar tasking for the TENCAP program since January 2018.

The Air Force awarded the cost-plus-award-fee task order through the General Services Administration's Federal Systems Integration and Management (FEDSIM) Center using the One Acquisition Solution for Integrated Services (OASIS) contract, a multiple award, indefinite delivery, indefinite quantity vehicle for complex, integrated professional services. 

"Expanding our expertise of air domain awareness to the Air Force's TENCAP program is an exciting opportunity as we continue to develop and deliver tactical, state-of-the-art solutions to the warfighter community. Not only does this contract allow KBR to serve the Air Force in a greater capacity, it also aligns with the company's strategic vision to grow our military portfolio while DoD simultaneously increases its focus on space," said Stuart Bradie, KBR President and CEO.

KBR continues to enhance its military space footprint. This October KBR completed the acquisition of Centauri, a leading provider of space, directed energy and other advanced technology solutions. The acquisition broadens KBR's military space and intelligence business and builds upon the company's existing capabilities in space system design, development, test, launch and operations.

KBR is proud to be a leader in advancing air, space, cyber, and missile defense systems for the U.S. military. It has provided satellite, ground systems and space communications support for more than 50 years to the U.S. Air Force, NASA, National Reconnaissance Office, National Oceanic and Atmospheric Administration, and the U.S. Navy. KBR is known for excelling in complex and extreme environments and trusted to overcome the nation's most pressing challenges. KBR is engineering solutions for the needs of today and tomorrow, safely and efficiently.

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.

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