HOUSTON, June 18, 2018 /PRNewswire/ -- KBR, Inc. (NYSE:
KBR) announced today that its global government services business,
KBRwyle, has secured a seat on a $900
million indefinite-delivery, indefinite-quantity (IDIQ)
contract to provide rapid solutions to fix problems identified
through the Department of Defense's Joint Test and Evaluation
(JT&E) Program.
The U.S. Army Corps of Engineers Engineering Research and
Development Center selected KBRwyle as one of the six prime
contractors on this 10-year, cost-plus-fixed-fee contract. KBRwyle
won a seat on the previous JT&E Program contract in 2007.
KBRwyle will assist the program in finding new ways for U.S.
warfighters to accomplish their missions with today's equipment and
processes.
Under the multi-award contract, KBRwyle will have the
opportunity to bid on task orders issued by the JT&E Program
Offices to address and resolve critical warfighter issues.
Utilizing its recognized systems engineering and test and
evaluation expertise, KBRwyle's support will include test and
evaluation, specialized engineering, cybersecurity, and
intelligence.
"We are honored to be selected as a prime on this contract again
and take seriously the confidence exhibited by the DoD in choosing
us to continue on this important program," said Byron Bright, President, KBR Government Services
U.S. "We will continue to work with the JT&E Program Office to
develop rapid and effective solutions to complex warfighter issues
with professionalism, rigor and innovation."
The JT&E Program brings multiple military services together
to improve the joint interoperability of systems, technical and
operational concepts, and system performance, and enhance the
validation of testing methodologies, models, simulations, and test
beds. The program also develops new tactics, techniques, and
procedures and rigorously measures the extent to which their use
improves operational outcomes.
KBRwyle specializes in complex and technical services and is a
leading systems engineering and integration provider to the U.S.
military. KBRwyle's domain expertise spans over 40 years during
which it has supported more than 35 Navy, Army and Air Force
programs.
Estimated revenue associated with this project will be booked
into backlog of unfilled orders for KBR's Government Services
Business Segment as task orders are awarded.
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 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, 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.