HOUSTON, July 9, 2018 /PRNewswire/ -- KBR, Inc.
(NYSE: KBR) announced today that its global government services
business, KBRwyle, has been awarded a $133
million task order by the U.S. Army's Lower Tier Project
Office to provide technical and engineering services to the PATRIOT
missile system.
KBRwyle will provide engineering and technical analysis support
of the PATRIOT missile system as well as adjunct systems. KBRwyle
will support all engineering changes; modification retrofits;
technical upgrades; Reliability, Availability and Maintainability
(RAM) improvements; and training development for the U.S. and its
allies.
The PATRIOT system provides air and missile defense protection
from lower tier threats for ground combat forces and high-value
assets. The most mature weapon system of the Ballistic Missile
Defense System (BMDS), the PATRIOT counters short and medium-range
tactical ballistic missiles, air-breathing threats, such as fixed
and rotary-wing aircraft, and unmanned systems, such as cruise
missiles and unmanned air vehicles.
This work will be primarily performed in Huntsville, Alabama. The task order award
period is five years with a six-month extension option.
"KBRwyle has provided uninterrupted systems engineering support
to the PATRIOT missile system for almost four decades," said
Byron Bright, President, KBR
Government Services U.S. "We are honored to carry on our work with
the Army to continuously enhance the PATRIOT's performance to
protect U.S. forces and allies against evolving threats."
The Army awarded this time-and-materials task order under the
U.S. Army Aviation and Missile Command (AMCOM) Expedited
Professional and Engineering Support Services (EXPRESS) contract.
KBRwyle won a seat on the contract in October 2014.
KBRwyle delivers mission critical, trusted services that help
the U.S. maintain its unique and indispensable battlespace
advantage. It supports several military critical air and missile
defense systems, including the Cruise Missile Defense System
(CMDS), Counter-Rockets, Artillery, and Mortar System (C-RAM), and
Terminal High Altitude Area Defense System (THAAD).
Estimated revenue associated with this contract award will be
booked into the backlog of unfilled orders for KBR's government
services business segment.
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, 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 and gasification
- Hydrocarbons Services, 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); program management and
consulting services
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 U.S. 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.