Market Overview

KBR Sponsors Virtual Army Ten-Miler Bringing Race to Runners' Doorsteps

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HOUSTON, Oct. 15, 2020 /PRNewswire/ -- KBR (NYSE:KBR) is helping to safely bring this year's Army Ten-Miler (ATM) to runners' doorsteps – or treadmills, in many cases. KBR will, once again, serve as the co-lead sponsor of the world's third largest 10-mile road race, which will take place virtually nationwide Oct. 11-18.

KBR has been a major sponsor of the ATM for 15 years. The race, which traditionally has a course that travels through Washington, D.C., will be held virtually supporting the Department of Defense and local government health measures to minimize COVID-19 risk. All proceeds from the ATM go to the U.S. Army's Family, Morale, Welfare, and Recreation (MWR) program and this year truly underscores KBR's commitment.

"KBR is proud to sponsor the ATM as it keeps runners Army strong and safe by going virtual," said Byron Bright, President, KBR Government Solutions. "We understand that unprecedented times call for innovative solutions – whether at the starting line or on the frontlines. No matter how challenging or unusual the circumstances, KBR remains committed to our military's mission around the globe."

Since its inception in 1985, the ATM has generated over $7.3 million for the Army MWR program, whose mission is to serve the needs, interests and responsibilities of each individual in the Army community. The program boosts the Army's strength and readiness by offering services that reduce stress, build skills and confidence for soldiers and their families.

KBR has provided mission critical solutions to U.S. armed forces since WWII. The company helps ensure troop readiness and delivers systems and technologies that enable the U.S. Army to maintain its competitive advantage. From its service to soldiers through multiple Logistics Civil Augmentation Program contracts to almost 40 years of support to the Army's Patriot Missile Defense System, KBR is trusted to meet the U.S. military's needs worldwide.

About KBR

KBR is a global provider of differentiated professional services and solutions across the asset and program life cycle within the government and technology sectors. KBR employs approximately 28,000 people worldwide with customers in more than 80 countries and operations in 40 countries.

KBR is proud to work with its customers across the globe to provide technology, value-added services, 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 significant adverse impacts on economic and market conditions of the COVID-19 pandemic; the company's ability to respond to the challenges and business disruption presented by the COVID-19 pandemic; the recent dislocation of the global energy market; the company's ability to realize cost savings and efficiencies relating to the streamlining of its Energy Solutions business; the company's ability to manage its liquidity; the company's ability to continue to generate anticipated levels of revenue, profits and cash flow from operations during the COVID-19 pandemic and any resulting economic downturn; 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, including as a result of the COVID-19 pandemic; 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.

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