HOUSTON – (April 11, 2019) – KBR, Inc. (NYSE: KBR) announced today that as part of its ongoing commitment to the UK's Armed Forces KBR has re-signed the Armed Forces Covenant in the presence of Major General Ranald Munro, Assistant Chief of Defence Staff and Reserves.
KBR re-stated its pledge and outlined its further commitment to continuing to support veterans, reservists, cadets and forces families; from providing careers support to providing flexible working opportunities with the company.
As one of the early signatories of the Covenant KBR signed its original pledge in 2014. Since then the MOD has updated the Covenant to acknowledge employers who provide exceptional support to the armed forces community and defense by going above and beyond their covenant pledges. A 3 tier approach of bronze, silver and gold award has now been introduced and KBR is striving to achieve Gold status.
Speaking at the re-signing, General Ranald Munro, Assistant Chief of Defence Staff Reserves and Cadets, said: "I am delighted that KBR has re-signed the Armed Forces Covenant today which shows great leadership and commitment.
"There are huge benefits to both industry and the Ministry of Defence from working together in partnership and combining our skills and talents. I look forward to our continued relationship," he said.
KBR, who has a long track record of delivering high quality services to the UK's Armed forces, from delivering military flight training services in RAF Cranwell and RAF Valley to providing modern living and working accommodation for soldiers under Project Allenby Connaught, used the event to celebrate its partnerships with local military charity Combat Stress.
Joining forces with the veterans' charity, KBR employees took part in the charity's annual fundraiser "March in March". Around 50 employees from KBR stepped over the finish line having walked 10 miles in March to raise much needed funds for the Surrey-based charity.
On the same day KBR signed the Covenant, KBR Aspire Defence was announced as a Platinum Sponsor of the UK Armed Forces Day Weekend event 2019 being held in Salisbury in June.
"KBR is honored to continue to work closely with the UK Ministry of Defence as well as our chosen military charities, Combat Stress and Little Troopers," said Stuart Bradie, KBR President and CEO. "KBR employs a number of ex-military personnel and values the huge contribution they bring to the business."
About KBR, Inc.
KBR is a global provider of differentiated professional services and technologies across the asset and program lifecycle within the Government Services and Hydrocarbons sectors. KBR employs approximately 36,000 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 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, 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 and gasification
- Hydrocarbons Services, 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.
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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