KBR Secures $276M NAVAIR Task Order to Deploy Leading IT Solutions Across Department of Defense

HOUSTON, Feb. 19, 2020 /PRNewswire/ -- KBR (NYSE: KBR) announced today it has been awarded a $276 million task order to provide state-of-the-art information technology services and equipment to the Naval Air Systems Command (NAVAIR) Logistics and Maintenance Information Systems and Technology Division.

Under this contract, KBR will assist NAVAIR in supporting global information grid and net-centric operations and delivering logistics IT capability to the Navy and other Department of Defense (DoD) organizations.

KBR's tasks will include authentication, data transport, fleet user interfaces, large scale storage, analytics tools and hardware and software infrastructure. As part of this work, KBR will acquire and deliver essential in-service systems engineering, modernization, testing and sustainment capabilities.   

"KBR's talented workforce is proud to partner with NAVAIR in implementing and deploying cutting-edge IT solutions across the globe," said Byron Bright, KBR President, Government Solutions U.S.

This work, which has an increased scope, is a continuation of services that KBR is currently performing for NAVAIR.The company will perform this work at Naval Air Station Patuxent River in Maryland and other DoD locations. This work is expected to be performed over a period of five years.

This hybrid firm fixed price, time and materials task order was awarded under the Alliant 2 Unrestricted Governmentwide Acquisition Contract. KBR won a seat on this contract in 2018 and held a seat on its predecessor contract beginning in 2009.

KBR ensures mission success on land, at sea, in the air, in space and in cyberspace. It offers an array of IT and cyber capabilities, including software engineering and development; big data analytics, computer network management, defense and support; cyber certification and accreditation; cyber policy development, translation and training; vulnerability assessment and evaluation; utility monitoring and control; health IT; and cloud security. KBR is engineering solutions for the needs of today and tomorrow, safely and efficiently.

About KBR, Inc.

KBR is a global provider of differentiated professional services and technologies across the asset and program lifecycle within the Government Solutions and Energy sectors. KBR employs approximately 38,000 people worldwide (including our joint ventures), with customers in more than 80 countries, and operations in 40 countries, across three synergistic global businesses:

• Government Solutions, serving government customers globally, including capabilities that cover the full lifecycle 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 logistics
• Technology Solutions, featuring proprietary technology, equipment, catalysts, digital solutions and related technical services for the monetization of hydrocarbons, including refining, petrochemicals, ammonia and specialty chemicals, as well as inorganics
• Energy Solutions, 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); program management and consulting services

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.

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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 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.

SOURCE KBR, Inc.

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