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Press Release

KBR Expanding Delivery Capabilities of Unmanned Air Systems with UK Ministry of Defence

KBR Expanding Delivery Capabilities of Unmanned Air Systems with UK Ministry of Defence


Publish Date:
01 Mar 2021

HOUSTON – (March 1, 2021) – KBR (NYSE: KBR) is expanding its breadth of capabilities into the UK Ministry of Defence (MOD) with a contract for the delivery of cutting-edge Nano Unmanned Air Systems (UAS) to support technological experimentations with the British Army and the Future Capability Group.

KBR’s Government Solutions EMEA business will utilize its established services integrator approach to merge world leading technologies with innovative service delivery including training, logistics, and technical support.

Focused on expanding its solutions integration capabilities and collaborative relationships with UK and global subject matter experts, the team is working with UK-based Evolve Dynamics, an engineering company specializing in UAS, to ensure timely delivery of systems for use by MOD personnel in the UK and overseas, and across a wide range of environments.

“This is a fantastic example of UK Defence continuing to embrace cutting edge, technically advanced systems to help overcome modern day challenges,” said Andrew Barrie, KBR President, Government Solutions – EMEA.

“KBR’s in-depth sector knowledge and innovative services integration approach combined with Evolve’s world leading systems will ensure a fit-for-purpose, agile solution that can adapt to ever-changing demands.”

Mike Dewhirst, Evolve Dynamics CEO, said, “We are really excited about the partnership with KBR which allows our agile and innovative approach to be delivered into the UK MOD via the incredible infrastructure, scale and methodology KBR provide.”

KBR’s global expertise ranges across all aspects of autonomous and unmanned systems from space rovers to underwater platforms – with activity ranging from science and inspection to logistics and military deployment.

About KBR

We deliver science, technology and engineering solutions to governments and companies around the world. KBR employs approximately 29,000 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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