HOUSTON, April 16, 2018 /PRNewswire/ -- KBR, Inc.
(NYSE: KBR) announced today that its global government services
business, KBRwyle, has been awarded a $32.3
million task order to assist the U.S. Air Force in enhancing
the operational capability and efficiency of air and space systems.
Under this contract, KBRwyle will support the Air Force's
Tactical Exploitation of National Capabilities (TENCAP) Program,
providing a full spectrum of systems engineering services for the
rapid prototype development and integration of national-level
space, intelligence, and air and missile defense capabilities.
KBRwyle will assist the Air Force with cost-effective research,
development, and test and evaluation of emerging technologies,
materials, and manufacturing processes. This work will
significantly advance the functionality and capability of military
systems, while shortening the timeline from prototyping to fielding
fully operational systems.
KBRwyle will primarily perform this work at Schriever Air Force
Base in Colorado as well as other
locations around the world. The task order award period is 54
months.
The Air Force awarded this cost-plus-fixed-fee task order under
the DoD's Information Analysis Center's (IAC) Defense Systems
Technical Area Task (DSTAT) multi-award contract. KBRwyle won a
seat on the DSTAT contract in June
2014.
"KBRwyle will work with our outstanding team of subcontractors
to rapidly place leading-edge national capabilities and
technologies into the hands of the warfighter through this new
contract," said Byron Bright,
President, KBRwyle. "This award provides us another opportunity to
partner with the U.S. military to bolster national security. It is
a testament to our reputation for delivering quality, dependable
and innovative government services."
KBRwyle is proud to be a leader in advancing air, space, and
missile defense systems for the U.S. military. Last year, KBRwyle
won another contract supporting military space systems. The U.S.
Naval Research Laboratory (NRL) awarded a $26 million spacecraft research, development and
engineering services task order in March
2017 to KBRwyle to help design and build spacecraft payloads
and satellites.
KBRwyle has provided more than 55 years of ground systems
support for the U.S. Air Force, NASA and NOAA, and more than 35
years of systems engineering services to U.S. Army missile defense
programs.
Estimated revenue associated with this contract award will be
booked into the backlog of unfilled orders for KBR's Government
Services business segment.
About DoD IAC Program
The DoD IAC program operates as
a part of Defense Technical Information Center and provides
technical data management and research support for DoD and federal
government users. Established in the 1940s, the IAC program serves
the DoD science & technology (S&T) and acquisition
communities to drive innovation and technological developments by
enhancing collaboration through integrated scientific and technical
information development and dissemination for the DoD and broader
S&T community.
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 & 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.