KBR to Upgrade, Integrate New Technology for U.S. Navy Aircraft Through $69.2M Contract Win

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Nov 28, 2022, 06:00 ET

HOUSTON, Nov. 28, 2022 /PRNewswire/ -- KBR (NYSE: KBR) announced today it has been awarded a $69.2 million task order to deliver total life cycle management of critical airborne manned reconnaissance aircraft systems for the Naval Surface Warfare Center Crane (NSWC Crane) and the Naval Air Systems Command (NAVAIR) E-2/C-2 Airborne Command and Control Program Office (PMA 231).

Under the task order, KBR will modify and upgrade legacy technology, while developing and integrating new technology, for aircraft intelligence, surveillance, reconnaissance and targeting (ISR&T) systems. The E-2 is the foremost carrier-born aircraft capable of providing early detection of enemy threats and enemy response to carrier operations conducted in accordance with America's declared defense strategy. The work will focus primarily on the E-2D Advanced Hawkeye, with additional support for the E-2C Hawkeye and C-2A Greyhound aircraft.

KBR was awarded the contract under the Department of Defense Information Analysis Center's (DoD IAC) multiple-award contract (MAC) vehicle. DoD IAC MAC task orders are awarded by the U.S. Air Force's 774th Enterprise Sourcing Squadron with the goal of enhancing the Defense Technical Information Center (DTIC) repository and the research and development (R&D) and science and technology (S&T) community.

"KBR is proud to support NSWC Crane and NAVAIR with this new contract," said KBR Government Solutions U.S. president Byron Bright. "With this win, our advanced R&D, modeling and simulation, and logistics and engineering experts will support the development of the next generation of advanced ISR&T systems for the Navy, while ensuring the sustainment of legacy systems until they reach sundown."

For more than 30 years, KBR has supported the E-2 program through multiple E-2C upgrade projects and programs and the development and fielding of the E-2D Advanced Hawkeye platform.

About the DOD IAC Program

The DoD IAC, sponsored by the 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 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 28,000 people performing diverse, complex and mission-critical roles in 34 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 and the company's ability to respond to the resulting challenges and business disruption; the recent dislocation of the global energy market; the company's ability to manage its liquidity; 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; 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; the possibility of cyber and malware attacks; 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.

The company'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 the company has identified that may affect its business, results of operations and financial condition. Except as required by law, the company undertakes no obligation to revise or update publicly any forward-looking statements for any reason.

This material is based upon work supported by the DoD Information Analysis Center Program (DoD IAC), sponsored by the Defense Technical Information Center (DTIC) under Contract No. FA8075-18-D-0015.

Approved for Public Release, Distribution Unlimited. Any opinions, findings and conclusions or recommendations expressed in this material are those of the author(s) and do not necessarily reflect the views of the DoD.

SOURCE KBR, Inc.