HOUSTON, Aug. 21,
2023 /PRNewswire/ -- The Sunday Times included
an article on August 20, 2023, which
referenced KBR's (NYSE: KBR) potential interest in acquiring Jacobs
Solution Inc.'s Critical Mission Solutions (CMS) business. In the
ordinary course, KBR does not comment on market rumors; however,
this article has generated significant inbound questions.
KBR has been clear about its capital deployment and strategic
priorities. The Jacobs CMS business does not align with either and
thus is not being pursued. KBR will continue to
pursue opportunities that align with our shareholders' best
interests. We wish Jacobs every success in exiting this piece of
their portfolio.
About KBR
We deliver science, technology and
engineering solutions to governments and companies around the
world. KBR employs approximately 33,000 people performing diverse,
complex and mission-critical roles in 33 countries.
KBR is proud to work with its customers across the globe to
provide technology, value-added services, and long-term operations
and maintenance services to ensure consistent delivery with
predictable results. At KBR, We Deliver. Visit
www.kbr.com.
Forward Looking Statements
The statements in this
press release that are not historical statements, including
statements regarding future expectations, are forward-looking
statements within the meaning of the federal securities laws. These
statements are subject to numerous risks, uncertainties, and
assumptions, 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, uncertainties
and assumptions include, but are not limited to, those set forth in
the company'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, which discuss some of the important
risks, uncertainties and assumptions that the company has
identified that may affect its business, results of operations and
financial condition. Due to such risks, uncertainties and
assumptions, you are cautioned not to place undue reliance on such
forward-looking statements, which speak only as of the date
hereof. Except as required by law, the company undertakes no
obligation to revise or update publicly any forward-looking
statements for any reason.
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SOURCE KBR, Inc.