HOUSTON, June 13, 2019 /PRNewswire/ -- KBR (NYSE: KBR) announced today it has been awarded a $200 million contract by NASA to provide launch range operations support at the agency's Wallops Flight Facility in Wallops Island, Virginia. This is a new contract award for KBR.
Under this five-year contract, KBR will perform a broad range of work, such as radar, telemetry, logistics, tracking, and communications services for flight vehicles. These will include orbital and suborbital rockets, aircraft, satellites, balloons, and unmanned aerial systems.
KBR will also test, modify and install communications and electronic systems, and operate ground, spacecraft and launch vehicle processing systems at launch facilities, launch control centers and test facilities. It will also provide information and computer systems services, and range technology sustainment engineering services.
The company will carry out this work at Wallops Island, as well as other locations around the U.S. and world. The period of performance begins in August and runs through August 2024.
"KBR recognizes the importance of Wallops' various flight assets and unique launch and airfield capabilities to the government and private sector," said Stuart Bradie, KBR President and CEO. "We will proudly assist NASA in providing launch range services to meet its diverse mission needs with this new contract."
KBR has provided mission-critical space support services to NASA and other customers for more than 60 years. It currently operates at 11 NASA centers and facilities and supports work in the areas of space technology, aeronautics, science, exploration and operations. KBR is one of the world's largest human spaceflight support organizations and a leading solutions provider to the civil, military and commercial space segments.
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, 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 and gasification
- 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.
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.