KBRwyle Wins Navy Base Operating Support Contract, Grows Core Business

HOUSTON, Oct. 18, 2017 /PRNewswire/ -- KBR, Inc. (NYSE: KBR) announced today that its global Government Services business, KBRwyle, has been awarded a contract modification by Naval Facilities Engineering Command, Europe, Africa and Southwest Asia, to provide base operations support services at Isa Air Base in the Kingdom of Bahrain. This is the third option year on the contract, which was originally awarded in June 2014.

KBRwyle will continue to provide a full spectrum of services, including galley services, facility management, emergency and urgent services, small capital projects, base vehicle maintenance and fire emergency services.

This award follows several base operations support service contracts recently awarded to the company, including three major contracts totaling more than $1 billion to support Navy bases in Diego Garcia and Djibouti, and various locations in Bahrain and the United Arab Emirates over the next eight years.

"KBRwyle continues to grow one of its core business areas to provide base life support to military, coalition forces and contractor personnel across the globe," said Byron Bright, KBRwyle President. "These contract awards are a testament to our company's dedication to deliver excellence as we create a home away from home for thousands of military troops." 

KBRwyle has provided integrated lifecycle solutions across logistics, engineering, and sciences for the U.S. Armed Services for more than 50 years. KBRwyle is a top provider of theater-opening logistics support to U.S. military forces, prepositioned stock maintenance to the U.S. Army and Marine Corps, and systems engineering and integration to U.S. Army and Navy aviation.

The contract will be booked into the backlog of unfilled orders for KBR's Government Services business segment in the fourth quarter of 2017.

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 over 34,000 people worldwide (including our joint ventures), with customers in more than 80 countries, and operations in 40 countries, across three synergistic global businesses:

• Government 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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