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Press Release

KBR Serves U.S. Military via $93.6M Air Force Task Order

KBR Serves U.S. Military via $93.6M Air Force Task Order


Publish Date:
10 Sep 2020

Company will help ensure quality of life for the 378 Air Expeditionary Wing and U.S allies at Prince Sultan Air Base

HOUSTON – (September 10, 2020) – KBR (NYSE: KBR) announced today it won a $93.6 million task order from the U.S. Air Force Civil Engineer Center (AFCEC) for base operations services at the Prince Sultan Air Base (PSAB) in Saudi Arabia.

Under the task order, KBR will provide resources to support the base and help ensure quality of life for the 378th Air Expeditionary Wing and partner forces. KBR will supply all personnel, supervision, labor, training, vehicles, tools, safety equipment and other force support services.

The Air Force awarded this five-year task order through the Air Force Contract Augmentation Program V (AFCAP V). KBR won a seat on the $6.4 billion contract earlier this year. The company has also provided critical services under AFCAP III and IV since 2005 to include key recovery efforts at Tyndall Air Force Base after Hurricane Michael devastated it in 2018.

“With this win, KBR continues to expand its support for the Air Force and will enable the 378th Air Expeditionary Wing to stay focused on its mission,” said Byron Bright, KBR Government Solutions President. “Like other work we’ve tackled through AFCAP contracts, KBR will keep delivering whenever and wherever the warfighter needs us.”

Guided by sustainability initiatives, KBR handles a full spectrum of support services necessary for smooth and safe military base operations all around the world. KBR’s international footprint, robust supply chain and military readiness expertise enables the company to quickly mobilize to meet customers’ urgent requests. No matter how complex or extreme the environment, KBR is engineering solutions for the needs of today and tomorrow.

About KBR

KBR is a global provider of differentiated professional services and solutions across the asset and program life cycle within the government services and technology 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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