HOUSTON, June 13, 2018 /PRNewswire/ -- KBR, Inc.
(NYSE: KBR) announced today it has been awarded a multi-year
contract to provide Engineering, Procurement, and Construction
Management (EPCM) Services to a Fortune 100 chemicals manufacturer
for their facilities in the US and Mexico.
KBR will provide the services from multiple offices, including
Wilmington, DE; Raleigh, NC; Houston, TX; and Monterrey, MX.
"This significant award demonstrates KBR's ongoing commitment to
integrated engineering, procurement and construction services –
from the early inception of our client's project needs, through
engineering execution, to management of the field construction
services for an entire portfolio of projects," said Farhan Mujib, President, KBR Hydrocarbons
Services, Americas. "I am delighted for this opportunity to further
KBR's services partnership with this key client for many years to
come."
For more than 40 years, KBR has designed, constructed and
maintained hundreds of chemical plants across the globe.
Estimated revenue associated with this contract will be booked
into backlog of unfilled orders for KBR's Hydrocarbons Services
Business Segment during the second quarter of 2018.
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 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 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.
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 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.
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SOURCE KBR, Inc.