KBR to Provide High-End Engineering to U.S. Air Force with a New $91.8M Task Order

KBR will help boost operational readiness and reduce life cycle costs by providing high-end engineering services for USAF aircraft and other system components.

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KBR, Inc.

Jun 01, 2021, 06:00 ET

HOUSTON, June 1, 2021 /PRNewswire/ -- KBR, Inc. (NYSE: KBR) won a new $91.8 million task order to provide high-end engineering services to research, analyze and develop solutions for U.S. Air Force (USAF) aircraft and other system components managed by the 448th Supply Chain Management Wing (SCMW).

"This is an exciting opportunity to bring our engineering expertise to the 448th SCMW as we continue to develop and deliver cost-effective solutions to the warfighter community," said Byron Bright, KBR President, Government Solutions. "Our work will directly address key performance attributes for reliability, maintainability and supply chain performance, thereby increasing overall effectiveness for the Air Force."

The USAF Installation Contracting Center awarded the cost-plus-fixed-fee task order through the DoD Information Analysis Center's (IAC) Multiple Award Contract, an indefinite delivery, indefinite quantity vehicle for complex, integrated professional projects. KBR has supported the mission of the DoD research and development community through various predecessor DoD IAC contracts since 2005.

Under the task order, KBR will identify and develop solutions for the Air Force to address Diminishing Manufacturing Sources and Material Shortages (DMSMS) issues associated with increasing aircraft age, such as fatigue cracking, reduced damage tolerance, and corrosion. The company will also provide engineering analyses of electronic warfare systems and components, and assess fundamental design requirements, logistics supportability, and life-limiting degradation issues.

Additionally, KBR will assess software and security impacts, and modify requirements due to platform needs or redesign efforts and evaluate aircraft fleet status. This includes depot requirements, repair processes, procurement of parts, modification of procedures, engineering support, data management requirements, software requirements, and overall product support.

KBR will carry out these duties in Georgia, Oklahoma, and Utah as well as other locations over the next five years. The company has performed similar tasking for the Air Force Life Cycle Management Command (AFLCMC) since 2005.

KBR provides a full spectrum of engineering and technical services across the life cycle of military systems for the U.S. and allied nations. Areas of expertise include acquisition, systems engineering and integration, AI/big data applications, assured microelectronics, rapid prototyping, research and development, and test and evaluation. Known for excelling in complex and extreme environments, KBR is creating solutions for the needs of today and tomorrow, safely and efficiently.

About DoD IAC Program

The DoD IAC, sponsored by Defense Technical Information Center, provides technical data management and research support for DoD and federal government users. Established in 1946, the IAC program serves the DoD science and technology (S&T) and acquisition communities to drive innovation and technological developments by enhancing collaboration through integrated scientific and technical information development and dissemination for the DoD and broader S&T community.

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.