HOUSTON, Oct. 16, 2017 /PRNewswire/ -- KBR, Inc.
(NYSE: KBR) announced today it has entered a definitive agreement
to acquire Sigma Bravo Pty Ltd, a leading provider of high-end
Information and Communication Technology (ICT) services
specializing in mission planning systems and solutions to the
Australian Defence Force (ADF).
Sigma Bravo delivers an array of specialist Aerospace ICT based
solutions supporting ADF's critical mission planning and
information management systems and programs. Sigma Bravo's
end-to-end solutions are backed by an innovative team of former
aircrew, engineers, software developers and project managers who
have the professional skills and experience needed to optimize
solutions.
The acquisition of Sigma Bravo represents KBR'S entry into
classified work in Australia and
is a continued element of KBR's strategy to expand its global
Government Services offerings. Sigma Bravo will become a KBRwyle
company reporting within KBR's Government Services segment and will
maintain its current structure to ensure business continuity.
"Sigma Bravo is a highly respected company providing valuable
services to the ADF," said Stuart
Bradie, KBR President and CEO. "This acquisition will
provide KBR with important and highly relevant capabilities to
augment our current Government Services business in Australia."
"The transaction reinforces KBR's Government Services strategy
to grow and enhance our high-end technology and science-driven
services that will help to drive longer-term revenue visibility and
higher value," Bradie continued. "We are very pleased to welcome
them to KBR and to KBRwyle."
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 over
34,000 people worldwide (including our joint ventures), with
customers in more than 80 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 & Consulting, 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; gasification; oil and
gas consulting; integrity management; naval architecture and
proprietary hulls; and downstream consulting
- Engineering & Construction, 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) and program management
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 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.