HOUSTON, July 13, 2017 /PRNewswire/ -- KBR, Inc.
(NYSE: KBR) announced today that its global government services
business, KBRwyle, has been awarded a three-year task order to
provide programmatic support to the U.S. Army's Program Executive
Office (PEO) for Aviation at Redstone
Arsenal in Huntsville,
Alabama. The Army awarded this cost-plus-fixed-fee task
order under the Defense Systems Technical Area Task (DSTAT)
contract.
KBRwyle will analyze, research, and develop deliverables, such
as critical milestone documents, for PEO Aviation's Cargo
Helicopter and Fixed Wing Project Management Offices.
KBRwyle will also provide technical support and recommendations
to increase availability, improve reliability, and reduce support
costs for the Army's fixed wing aircraft and CH-47 Chinook
Helicopter. The CH-47 is the Army's only heavy-lift cargo
helicopter supporting critical combat and non-combat
operations.
"We are excited to expand our support to the U.S. Army aviation
community through this new task order," said Byron Bright, KBRwyle President. "KBRwyle will
apply our technical acumen and knowledge of DoD acquisition to
assist these project offices in meeting mission requirements for
their aircraft."
KBRwyle has provided programmatic, technical, and logistics
support to project offices for PEO Aviation for more than 20
years.
A full spectrum service provider to U.S. Army aircraft programs,
KBRwyle has supported every U.S. Army aircraft and aircraft system.
This includes Army rotary wing, fixed wing and non-standard rotary
wing, unmanned aircraft systems, aviation systems, and aircraft
survivability equipment.
Revenue associated with this project was undisclosed and was
booked into backlog of unfilled orders for KBR's Government Service
Business Segment in the second quarter of 2017.
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
34,000 people worldwide (including our joint ventures), with
customers in more than 80 countries, and operations in 40
countries, across three synergistic global businesses:
- Government 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.
Visit www.kbr.com
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.