KBR Wins $75M Contract to Enhance Navy Bases in Djibouti
Company secures five-year contract to support military operations at U.S. bases in Africa
HOUSTON – (August 31, 2020) – KBR (NYSE: KBR) announced today it has been awarded a $75 million recompete contract by Naval Facilities Engineering Command Europe Africa Central to enhance infrastructure at multiple bases in Djibouti, Africa.
Under this five-year, indefinite-delivery/indefinite-quantity contract, KBR will provide engineering, design, construction, renovations, repairs, maintenance, demolition and other services at both Camp Lemonnier, and its associated Chabelley Airfield.
This work complements KBR’s premier base operating support throughout Africa. Notably, the company has provided base operating support services at Camp Lemonnier since 2013, with work in the region dating back to 2002.
While performing key services in Africa, the KBR team has achieved more than 25 million hours without a lost-time safety incident, a salute to KBR’s commitment to sustainability and safety.
“KBR will continue its legacy of delivering trustworthy results and expertise to the U.S. Navy through this award,” said Byron Bright, KBR Government Solutions President. “We are proud to be a part of strengthening these bases for our troops and allies.”
For over 75 years, KBR has helped ensure the success of U.S. government missions and military readiness. The company provides solutions for base and contingency operations, asset management, prepositioned stocks and operations maintenance for U.S. and allied forces globally. Known for excelling in complex and extreme environments, KBR is trusted to overcome some of the nation’s most pressing challenges.
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.
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.
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