KBR Lands $81M NAVAIR Aircrew Services Contract

HOUSTON, Sept. 24, 2019 /PRNewswire/ -- KBR KBR announced today it has been awarded an $81 million contract by Naval Air Systems Command (NAVAIR) to provide aircrew services to the Naval Air Warfare Center Aircraft Division (NAWCAD).

Under this contract, KBR's certified and qualified aircrew will support the mission essential test and evaluation of all manned and unmanned air vehicles for Naval Test Wing Atlantic and Pacific squadrons. Aircrew will include: test pilots, weapons systems operators, flight engineers, aerial photographers, flight technicians, loadmasters, instructors, unmanned air vehicle operators and other specialists.

KBR will primarily perform this work at Naval Air Station (NAS) Patuxent River, Maryland, as well as NAS Point Mugu and NAS China Lake in California. This cost-plus-fixed-fee, indefinite-delivery/indefinite-quantity contract is for five years with an option to extend six months.

The company won the previous aircrew services contract in 2013 and has supported its predecessor contracts for almost 40 years.

"KBR will continue to play an integral role in the Navy's developmental flight and ground test programs through this contract," said Byron Bright, President, KBR Government Solutions U.S. "Our flight test operations, systems engineering and integration, and acquisition expertise are vital waypoints in helping the Navy successfully test and evaluate future aircraft and weapons systems for the fleet."

KBR has one of the world's largest independent flight test organizations. Its flight operations team has more than 40 years of flight test support experience gained through partnerships with the U.S. Navy, U.S. Air Force, U.S. Army, NASA, NOAA, and other government and commercial customers.

About KBR, Inc.

KBR is a global provider of differentiated professional services and technologies across the asset and program lifecycle within the Government Solutions and Energy sectors. KBR employs approximately 38,000 people worldwide (including our joint ventures), with customers in more than 80 countries, and operations in 40 countries, across three synergistic global businesses:

• Government Solutions, serving government customers globally, including capabilities that cover the full lifecycle 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 Solutions, featuring proprietary technology, equipment, catalysts, digital solutions and related technical services for the monetization of hydrocarbons, including refining, petrochemicals, ammonia and specialty chemicals, as well as inorganics

• Energy Solutions, 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.

SOURCE KBR, Inc.