HOUSTON, June 18,
2024 /PRNewswire/ -- KBR (NYSE: KBR) announced today
it has been awarded a five-year contract, with options, to support
the Iraqi government's visionary infrastructure and future energy
ambitions, including the delivery of megaprojects and sustainable
development.
Under the terms of the $46 million
contract, KBR will provide its differentiated advisory and
consultancy capabilities to the Iraqi Government's Ministry of
Planning, with a focus on creating an effective program environment
to support successful delivery of strategic megaprojects.
Focus areas of KBR expertise supporting the ministry, who
interface with all ministries and formations in the Iraqi
government, will include economic planning, strategy development,
feasibility studies, technical reviews and large-scale project
management.
This contract, which encompasses a comprehensive range of
planning and development services, will further elevate the
significant role KBR is playing in the development of Iraq's energy sector – working closely with
various ministries to identify, design and implement critical
projects aimed at enhancing the country's economic and social
landscape.
KBR's focus on innovation and sustainability will be integral to
delivering the ambitious development plans, aligning with
Iraq's long-term vision for growth
and environmental stewardship.
Jay Ibrahim, President of KBR
Sustainable Technology Solutions, said, "This is a great example of
KBR utilizing its growing global capabilities to support
regeneration and sustainable growth of a nation. We are proud to
further our partnerships in country, where we are already helping
make our customers' ambitious plans a reality. With our deep
expertise in engineering and energy solutions, KBR is well
positioned to help our valued customers meet their energy security
and sustainability objectives."
KBR will support delivery from its global locations, in addition
to expanding its well-established footprint in country through the
creation of an operational office in Baghdad and the wider prospect
of building an engineering design center to enhance the skills
of Iraqi engineers.
About KBR
We deliver science, technology and engineering solutions to
governments and companies around the world. KBR employs
approximately 35,000 people worldwide with customers in more than
80 countries and operations in over 30 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
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subsequent Form 10-Qs and 8-Ks and other U.S. Securities and
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risks, uncertainties and assumptions that the company has
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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
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SOURCE KBR, Inc.