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Press Release

KBRwyle Signs Contract to Become a Major Services Provider for Australian DoD

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KBRwyle Signs Contract to Become a Major Services Provider for Australian DoD

Publish Date:
28 Feb 2018

HOUSTON Ð (February 28, 2018) Ð KBR, Inc. (NYSE: KBR) announced today that its global Government Services business, KBRwyle, signed a significant contract with the Australian Department of Defence (DoD), becoming just one of four Major Service Providers (MSP) to the Capability Acquisition and Sustainment Group (CASG).

The MSP contract introduces a significant change to the procurement and contracting model for services to CASG program execution. Through this change, CASG has taken the opportunity to adopt a more strategic and integrated approach to its support services requirements through the appointment of a small number of Major Service Providers who are capable of delivering larger, longer-term and more integrated work packages across the CASG domains. This new contract will run for an initial five year period beginning February 1, 2018 with options for an additional six years.

KBRwyle has selected Ernst & Young (EY) to be its strategic subcontractor in the MSP consortia.Ê Also central to KBRwyle's strategy is the engagement, support and development of its comprehensive, non-exclusive supply chain of small and medium businesses. These will complement KBRwyle and EY capabilities to deliver a full range of services to CASG throughout the capability life cycle for the maritime, land, aerospace, joint systems and business management domains.

"This contract win provides a solid foundation for the continued growth of the KBRwyle business in the APAC region," said Greg Conlon, President APAC region. "We have created a long term, competitive model with the potential to deliver over a hundred million dollars in revenue throughout the term of the engagement."

"KBRwyle, with our strategic EY relationship, is committed to playing a key role in working with, growing, and developing the Australian Defence industry sector," Conlon continued.

Revenue associated with this project will be booked, progressively when awarded, into backlog of unfilled orders for KBR's Government Services Business.About KBR, Inc.

KBR is a global provider of differentiated professional services and technologies across the asset and program life cycle within the Government Services and Hydrocarbons sectors. KBR employs over approximately 34,000 people worldwide (including our joint ventures), with customers in more than 75 countries, and operations in 40 countries, across three synergistic global businesses:Government Services, serving government customers globally, including capabilities that cover the full life-cycle of defense, space, aviation and other government programs and missions from research and development, through systems engineering, test and evaluation, program management, to operations, maintenance, and field logisticsTechnology & Consulting, including proprietary technology focused on the monetization of hydrocarbons (especially natural gas and natural gas liquids) in ethylene and petrochemicals; ammonia, nitric acid and fertilizers; oil refining; gasification; oil and gas consulting; integrity management; naval architecture and proprietary hulls; and downstream consultingEngineering & Construction, including onshore oil and gas; LNG (liquefaction and regasification)/GTL; oil refining; petrochemicals; chemicals; fertilizers; differentiated EPC; maintenance services (Brown & Root Industrial Services); offshore oil and gas (shallow-water, deep-water, subsea); floating solutions (FPU, FPSO, FLNG & FSRU) and program management.

KBR is proud to work with its customers across the globe to provide technology, value-added services, integrated EPC delivery and long term operations and maintenance services to ensure consistent delivery with predictable results. At KBR, We Deliver.


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:

Nelson Rowe
Senior Vice President, Investor Relations
[email protected]

Brenna Hapes
External Global Communications
[email protected]

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