HOUSTON, April 14, 2019 /PRNewswire/ -- KBR, Inc. (NYSE: KBR) announced today that its global government services business, KBRwyle, has been awarded multiple prime contracts to provide logistics support services to the U.S. Army, coalition partners and other federal agencies under the $82B Logistics Civil Augmentation Program (LOGCAP) V contract. This indefinite-delivery/indefinite-quantity (IDIQ) contract has an initial five-year ordering period and options for five additional one-year ordering periods.
Under LOGCAP V, KBRwyle received a large performance task order to provide LOGCAP logistics support services in Afghanistan. It was also awarded contracts for setting the theater and associated performance task orders to support the U.S. European Command (EUCOM) and Northern Command (NORTHCOM). Each task order has its own period of performance.
"These awards are a direct result of the excellent work of our people and our unmatched track record providing reliable mission critical services to U.S. and allied troops," said Stuart Bradie, KBR President and CEO. "We are honored to continue our long service to the U.S. Army as a trusted LOGCAP partner."
KBRwyle won three of the seven major contracts the U.S. Army awarded under LOGCAP V.
"We believe these awards in aggregate will ultimately provide an increase to our business levels compared to the work we are currently performing. However, given the complexity of this procurement and attendant transition times, we do not believe this will have a material effect until 2020 and therefore is not expected to change our 2019 outlook," Bradie continued.
Through LOGCAP V, KBRwyle will serve troops and allies by assisting the Army in executing theater support services on three different continents. KBRwyle has provided global base life support and logistics services through multiple LOGCAP contracts for more than two decades. During LOGCAP III, the company conducted the largest government services contract in United States history. The company was the initial LOGCAP contractor in Afghanistan in 2002 and set the theater for Operation Enduring Freedom.
KBRwyle serves U.S. and allied military forces, and diplomatic and civilian personnel deployed around the world. Its commitment to improving military readiness began in WWII when it provided a home away from home to troops on the frontlines. Today, KBRwyle is known for its theater-opening expertise and providing contingency support services anytime, anywhere, even in the most extreme environments.
About KBR, Inc.
KBR is a global provider of differentiated professional services and technologies across the asset and program lifecycle within the Government Services and Hydrocarbons sectors. KBR employs approximately 36,000 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 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, 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
- Hydrocarbons Services, 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.