KBR Announces Plan for West Houston Campus Location
May 02 2008 - 4:42PM
Business Wire
KBR (NYSE:KBR) today announced plans to develop a campus facility
near Katy, Texas. The campus will be located off Grand Parkway and
Interstate 10 (I-10). KBR has signed an earnest money agreement and
intends to enter into a long-term lease for the new facility, which
is expected to be just over 910,000 square feet. KBR will continue
to maintain a corporate and operations presence in downtown
Houston. Maintaining a downtown Houston presence will give KBR the
flexibility to support engineering, project management and
government contracting opportunities throughout the energy corridor
in west Houston. While definitive documents have yet to be
finalized, construction is expected to begin before year-end with
completion anticipated in 2010. �As future opportunities for new
business continue to be reviewed, it is apparent that access to
talented labor from two locations at each end of the Energy
Corridor on I-10 will be a crucial element of KBR�s continued
growth and success,� said William P. Utt, KBR Chairman, President
and CEO. �Not only will the new campus enable KBR to meet our
future growth demands, but it will also provide the Company with a
more favorable location amongst its growing employee and customer
base in the Houston metropolitan area.� KBR�s West Houston Campus
will utilize low-rise, tilt-wall construction and is being designed
within LEED (Leadership in Energy and Environmental Design)
specifications, to align with KBR�s commitment to environmental
stewardship and sustainable development. KBR is a global
engineering, construction and services company supporting the
energy, petrochemicals, government services and civil
infrastructure sectors. The company offers a wide range of services
through its Downstream, Government and Infrastructure, Services,
Technology, Upstream and Ventures business segments. For more
information, visit www.kbr.com. NOTE: The statements in this press
release that are not historical statements are forward-looking
statements within the meaning of federal securities laws. These
statements are subject to numerous risks and uncertainties,
including those detailed in our most recent Annual Report on Form
10-K and Quarterly reports on Form 10-Q filed during this fiscal
year, 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.
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