HOUSTON, March 21, 2018 /PRNewswire/ -- Naval Group has formally signed a Design Services Subcontract (DSSC) with local engineering company, KBR, Inc. (NYSE: KBR), to assist with the concept design of the proposed Future Submarine (SEA1000) construction yard at the Osborne Naval Shipbuilding precinct in South Australia.
The submarine construction yard concept design will include the facilities and infrastructure required to construct a fleet of twelve regionally superior Future Submarines for the Royal Australian Navy.
Through the DSSC, KBR will support Naval Group to deliver the concept design for the Future Submarine yard to the Commonwealth of Australia in July 2018.
"We will be utilising Naval Group's extensive experience building and maintaining nuclear and conventional submarines for the French, Brazilian, Malaysian, Indian and Chilean navies to ensure that the facility is appropriately equipped to build Australia's Future Submarine fleet," said Brent Clark, Interim CEO, Naval Group Australia.
A team of KBR and Naval Group Australia engineers will undertake design workshops within Australia and France in February 2018 to inform the concept design and facilitate knowledge transfer. The team will draw on Naval Group's international experience as a reference point for Australia's Future Submarine yard.
"KBR is excited to be providing our expertise to Naval Group for this nationally significant project that will deliver a world-class future submarine facility, a significant component of the infrastructure enabler of Australia's Naval Shipbuilding Plan. Having designed the original Collins submarine facility in South Australia in the 1980's and more recently the Air Warfare Destroyer shipyard, KBR brings extensive local defense infrastructure engineering and program management experience to this important project," said Greg Conlon, KBR President Asia Pacific.
"We anticipate this contract will employee around 100 South Australians and we look forward to working with Naval Group and the Australian Government to maximize opportunities for local industry," added Conlon.
Naval Group is committed to the involvement of Australian industry in the Future Submarine Program, recognizing that it is of vital importance to the construction and sustainment of the submarine fleet into the future, creating job opportunities across Australia.
About Naval Group
Naval Group is a European leader in naval defence. As an international high-tech company, Naval Group uses its extraordinary know-how, unique industrial resources and capacity to arrange innovative strategic partnerships to meet its customers' requirements. The group designs, builds and supports submarines and surface ships. It also supplies services to shipyards and naval bases. In addition, the group offers a wide range of marine renewable energy solutions. Attentive to corporate social responsibility, Naval Group adheres to the United Nations Global Compact. The group reports revenues of €3.7 billion and has a workforce of 13,429 (data for 2017). www.naval-group.com.au
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 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 logistics
- Technology & 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 consulting
- Engineering & 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
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SOURCE KBR, Inc.