KBR Awarded Extension to Manage Qatar's Multi-Billion Expressway Program

HOUSTON, TX --(Marketwired - June 09, 2016) - KBR, Inc. KBR announced today that it has been awarded an extension, valued in excess of $185M USD, to its program management consultant (PMC) contract for Qatar's Expressway Program. The extension will see KBR continuing to deliver full program management capability for the next three years.

As Qatar's Public Works Authority's (Ashghal) program management contractor, KBR is providing management expertise on one of the biggest highway construction and upgrade projects in the world. KBR is working closely with Ashghal to create a strategic and well-coordinated network of roads to support the goals of Qatar's National Vision 2030. The Expressway Program will provide critical road network links to key areas around the country, including industrial areas, airports, ports, residential, business and tourism districts

Since KBR's initial award in 2010, Qatar's QAR 50B Expressway Program has become one of the world's largest transport infrastructure programs and comprises 40 major projects, 900 km of new and upgraded roads, and 348 bridges and underpasses.

Qatar's Expressway Program is designed to create new east-west and north-south links throughout the country. It will increase road capacity to meet future demands; introduce facilities for cyclists and pedestrians; create a new orbital truck route around the capital city, Doha; and support the growing social and economic development of Qatar.

As program manager to the Public Works Authority, KBR is responsible for overseeing supervision consultants, design consultants and construction contractors for this program of both new roads and road network upgrades.

"This contract extension is great recognition of the partnership we have forged with Ashghal and for the highly regarded performance of the KBR professionals who are delivering this large scale, complex program of work," said Stuart Bradie, President and CEO of KBR, Inc. "Increasing our role in Qatar's Expressway Program is an important part of our strategy to grow our regional Gulf business."

Revenue associated with this contract extension is in excess of $185M USD and was booked into a backlog of unfilled orders for KBR's Government Services Business in the first quarter of 2016.

About KBR, Inc.

KBR, Inc. is a global technology, engineering, procurement and construction company serving the hydrocarbons and government services industries, employing approximately 22,000 people worldwide with customers in more than 80 countries and operations in 40 countries across three distinct global businesses:

--  Technology & Consulting, including proprietary technology in refining,
    ethylene, ammonia and fertilizers, and gasification; and niche
    consulting and know-how through subsidiaries Granherne, Energo and GVA
--  Engineering & Construction, including Offshore Oil & Gas; Onshore Oil &
    Gas; LNG/GTL; Refining; Petrochemicals; Chemicals; differentiated EPC,
    and Industrial Services
--  Government Services, including program management and long term annuity
    contracts

KBR is proud to work with its customers across the globe to provide technology, value-added consulting services, integrated EPC delivery and Long Term Industrial Services to ensure consistent project 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.


FOR FURTHER INFORMATION PLEASE CONTACT:

For further information, please contact:
Investors
Lynn Nazareth
Vice President, Investor Relations
713-753-8776
Investors@kbr.com

Media
Marit Babin Stout
Director, Global Communications & Government Relations
713-753-3800
Mediarelations@kbr.com