KBR Wins $400M Recompete to Provide NASA Intelligent Systems Research

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Feb 11, 2020, 05:52 ET

HOUSTON, Feb. 11, 2020 /PRNewswire/ -- KBR (NYSE: KBR) announced today it has been awarded a $400 million contract by NASA to provide intelligent systems research and development support services at the agency's Ames Research Center in Silicon Valley.

KBR will provide resources and technical expertise to support the Intelligent Systems Division on scientific research, technologies and applications development. The company's work will assist the division with a variety of research domains and the infusion of advanced information systems technology on NASA missions and other projects within the federal government.

This cost-plus-fixed-fee hybrid contract has a two-year base period with three two-year options. The contract has a maximum value of $400 million. The company has performed this work since 2008 through predecessor contracts.

"KBR is extremely honored to continue this partnership at NASA's Ames Research Center," said Stuart Bradie, KBR President and CEO. "This contract award reflects the company's stellar performance over the last decade. Through it, we will continue to assist Ames in propelling space exploration."

KBR has provided mission-critical space support services to NASA and other customers for more than 60 years. It currently operates at 11 NASA centers and facilities and is one of the world's largest human spaceflight support organizations. Known for excelling in complex and extreme environments, KBR provides engineering solutions for the needs of today and tomorrow, safely and efficiently.

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.

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 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.

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