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Press Release

KBR Captures $974M Contract, Expands Base Op Services to U.S. Air Forces

KBR Captures $974M Contract, Expands Base Op Services to U.S. Air Forces


Publish Date:
15 Sep 2020

KBR wins eight-year contract to help sustain well-being of U.S. troops at bases in Spain and Turkey

HOUSTON – (September 15, 2020) – KBR (NYSE: KBR) has secured an eight-year contract to perform day-to-day base operations for the U.S. Air Forces in Europe and Air Forces Africa (USAFE-AFAFRICA) – a major command of the Air Force. This new indefinite-delivery/indefinite-quantity contract has a $974 million maximum ceiling value.

KBR will help sustain the well-being of U.S. armed forces at Morón Air Base in Spain, as well as Incirlik Air Base, Izmir Air Station, Office of Defense Cooperation –Turkey and the Ankara Support Facility also in Turkey. The company will keep these bases and facilities operating smoothly so deployed Air Force and government personnel can execute their missions without distraction.

KBR’s work will include program management; civil engineering; morale, welfare and recreation support; postal operations; and safety, occupational health, industrial hygiene and ambulance services. It will also provide logistics support, such as vehicle management, fuel operations and air terminal services. KBR received this contract – which has a five-year base period and three one-year options—from the Air Force Installation Contracting Center.

KBR is a major provider of base operations services for the U.S. military. Last year, KBR won multiple prime contracts on the $82 billion Logistics Civil Augmentation Program V contract. It also holds several large contracts with Naval Facilities Engineering Command supporting bases in Africa and the Middle East.

“KBR continues its legacy of serving U.S. troops around the world through this new contract award,” said Byron Bright, KBR Government Solutions President. “This significant win speaks to KBR’s ability to meet customer needs as we strategically drive growth by drawing on our deep domain expertise."

KBR ensures mission and project success for defense, intelligence, space, aviation and industrial customers globally. KBR creates sustainable value and drives innovation by combining engineering, technical and scientific expertise with full life cycle capabilities, mission knowledge and future focused technologies. Known for excelling in complex and extreme environments, KBR meets customers’ most pressing challenges today and into the future.

About KBR

KBR is a global provider of differentiated professional services and solutions across the asset and program life cycle within the government services, technology and industrial sectors. KBR employs approximately 28,000 people worldwide with customers in more than 80 countries and operations in 40 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; the company's ability to respond to the challenges and business disruption presented by the COVID-19 pandemic; the recent dislocation of the global energy market; the company's ability to realize cost savings and efficiencies relating to the streamlining of its Energy Solutions business; the company's ability to manage its liquidity; the company's ability to continue to generate anticipated levels of revenue, profits and cash flow from operations during the COVID-19 pandemic and any resulting economic downturn; 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, including as a result of the COVID-19 pandemic; 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.

For further information, please contact:

Investors
Alison Vasquez
Vice President, Investor Relations
713-753-5082
[email protected]

Media
Philip Ivy
Vice President, Global Communications and Marketing
713-753-3800
[email protected]

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