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Press Release

KBR Launches Craft Training Program for Veterans

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KBR Launches Craft Training Program for Veterans


Publish Date:
22 Mar 2016

HOUSTON - March 22, 2016 - KBR, Inc. (NYSE: KBR) announced today it is creating a program to train active duty military in the pipefitting trade to assist service members who desire to pursue an industrial civilian career following their military service. The initiative is in partnership with Central Louisiana Technical Community College (CLTCC) and Fort Polk, located in Vernon Parish, Louisiana.

The Veteran Pipefitting Training Program was created for active duty military at Fort Polk and applicants will be selected for the sixteen week program by Fort Polk's Soldier for Life Transition Assistance Program (SFL-TAP) and KBR. Trainees will receive training credentials for both academic and hands-on practice by the National Center for Construction Education and Research upon the successful completion of the course.

"KBR is proud to help provide this great opportunity for soldiers to continue their education and build upon the foundation of their military training," said David Zelinski, President of KBR's Onshore Americas business division. "This generation's post-9/11 veterans represent an extraordinary pool of talent and leadership that the craft industry needs. Our training partnership with Fort Polk provides a vehicle for veterans to translate their skills into the craft professions while supporting their transition to the civilian world," continued Zelinski.

KBR is making a significant investment in CLTCC's facilities for this training program as well as covering fees associated with the instructors who will be key contributors to the overall success of this program.

"We are thrilled at the opportunity for our Fort Polk & Transition Assistance Program to partner with KBR," said Col. David G. Athey, Fort Polk Garrison Commander. "The leadership at Fort Polk has been behind this program from day one. It is a great honor to be part of a program that further develops the skills of our veterans to help them prepare for a career in the craft labor industry. The talents that these soldiers bring to the table are invaluable and we are excited that KBR wants to help our veterans succeed after serving our country." continued Athey.

KBR has a long history of working alongside of the U.S. military and is proud to continue that tradition with helping veterans transition from military service to successful civilian careers.

About KBR, Inc.

KBR, Inc. is a global technology, engineering, procurement and construction company serving the hydrocarbons and government services industries, employing approximately 22,000 people worldwide with customers in more than 80 countries and operations in 40 countries across three distinct global businesses: Technology & Consulting, including proprietary technology in refining, ethylene, ammonia and fertilizers, and gasification; and niche consulting and know-how through subsidiaries Granherne, Energo and GVA; Engineering & Construction, including Offshore Oil & Gas; Onshore Oil & Gas; LNG/GTL; Refining; Petrochemicals; Chemicals; differentiated EPC, and Industrial Services; Government Services, including program management and long term annuity contracts.

KBR is proud to work with its customers across the globe to provide technology, value-added consulting services, integrated EPC delivery and Long Term Industrial Services to ensure consistent project 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 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.

For further information, please contact:

Investors
Zac Nagle
Vice President, Investor Relations
713-753-5082
[email protected]

Media
Marit Babin
Director, Global Communications & Government Relations
713-753-3800
[email protected]

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