KBRwyle Awarded $32M Task Order to Advance U.S. Air Force Air and Space Systems

HOUSTON, April 16, 2018 /PRNewswire/ -- KBR, Inc. (NYSE: KBR) announced today that its global government services business, KBRwyle, has been awarded a $32.3 million task order to assist the U.S. Air Force in enhancing the operational capability and efficiency of air and space systems.  

Under this contract, KBRwyle will support the Air Force's Tactical Exploitation of National Capabilities (TENCAP) Program, providing a full spectrum of systems engineering services for the rapid prototype development and integration of national-level space, intelligence, and air and missile defense capabilities.

KBRwyle will assist the Air Force with cost-effective research, development, and test and evaluation of emerging technologies, materials, and manufacturing processes. This work will significantly advance the functionality and capability of military systems, while shortening the timeline from prototyping to fielding fully operational systems.

KBRwyle will primarily perform this work at Schriever Air Force Base in Colorado as well as other locations around the world. The task order award period is 54 months.

The Air Force awarded this cost-plus-fixed-fee task order under the DoD's Information Analysis Center's (IAC) Defense Systems Technical Area Task (DSTAT) multi-award contract. KBRwyle won a seat on the DSTAT contract in June 2014.

"KBRwyle will work with our outstanding team of subcontractors to rapidly place leading-edge national capabilities and technologies into the hands of the warfighter through this new contract," said Byron Bright, President, KBRwyle. "This award provides us another opportunity to partner with the U.S. military to bolster national security. It is a testament to our reputation for delivering quality, dependable and innovative government services."

KBRwyle is proud to be a leader in advancing air, space, and missile defense systems for the U.S. military. Last year, KBRwyle won another contract supporting military space systems. The U.S. Naval Research Laboratory (NRL) awarded a $26 million spacecraft research, development and engineering services task order in March 2017 to KBRwyle to help design and build spacecraft payloads and satellites. 

KBRwyle has provided more than 55 years of ground systems support for the U.S. Air Force, NASA and NOAA, and more than 35 years of systems engineering services to U.S. Army missile defense programs.

Estimated revenue associated with this contract award will be booked into the backlog of unfilled orders for KBR's Government Services business segment.

About DoD IAC Program
The DoD IAC program operates as a part of Defense Technical Information Center and provides technical data management and research support for DoD and federal government users. Established in the 1940s, the IAC program serves the DoD science & 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, Inc.
KBR is a global provider of differentiated professional services and technologies across the asset and program life cycle within the Government Services and Hydrocarbons sectors. KBR employs approximately 34,000 people worldwide (including our joint ventures), with customers in more than 75 countries, and operations in 40 countries, across three synergistic global businesses:

• Government Services, serving government customers globally, including capabilities that cover the full life-cycle 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 & Consulting, 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; gasification; oil and gas consulting; integrity management; naval architecture and proprietary hulls; and downstream consulting
• Engineering & Construction, 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) and program management

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 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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