/ Corporate / KBR Awarded Multiple Global Defense Contracts

KBR Awarded Multiple Global Defense Contracts

Matt Ball on July 18, 2016 - in Corporate, Modeling

KBR, Inc. (NYSE: KBR) announced today it has been awarded a string of defense contract awards, further boosting its global Government Services business which, with the recent acquisition of now-KBRwyle, spans the full spectrum of the life-cycle of aerospace and defense programs.

The awards include two contract extensions with the U.S. Department of Defense and a multi-year contract for the Australian Defense Department, furthering KBR’s long and successful record of delivering projects and support to government clients across the world.

For the U.S. Department of Defense, KBR secured two contract extensions for Base Operational Support Services in the Middle East and Africa. In Djibouti, KBR’s support contract was extended for the Naval Facilities Engineering Command Atlantic where KBR provides a full spectrum of base operations and maintenance services, life support, and logistics services for a base population of approximately 5,000 personnel. KBR was also awarded a further 12-month extension on its LOGCAP IV contract to provide operational support in the Arabian Peninsula, commencing in September 2016.

Further, KBR secured a five-year contract with the Australian Defense Department – Capability Acquisition and Sustainment Group (CASG) – to provide Integrated Support Contractor (ISC) services to the CASG AIR90 Project Office, responsible for the upgrade of military equipment. Among other responsibilities, KBR will upgrade the Secondary Surveillance Radar on selected military equipment to maintain interoperability with the U.S. and NATO and provide engineering, integrated logistic, and other support associated with upgrading a number of fleets, including helicopters, aircraft, specialist ships and land based air defense systems.

“The award of these contracts comes at an exciting time for KBR as our Government Services businesses continues to grow and we see synergistic opportunities with the acquisition of KBRwyle in markets where our large-scale logistics and project management capabilities combine with our highly specialized technical capabilities,” said Stuart Bradie, President and CEO of KBR, Inc.

“It is a testament to our reputation for disciplined delivery, high customer satisfaction and unparalleled performance—often in the most austere environments—that makes us the customer’s first choice time after time,” continued Bradie.

The revenue for these three contracts is expected to be approximately $120 million USD which will be booked into backlog for KBR’s Government Services business segment in 2Q16.

About KBR, Inc.

KBR, Inc. is a global technology, engineering, procurement and construction company serving the hydrocarbons and government services industries, employing approximately 25,800 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, incorporating KBRwyle, includes capabilities that span the full spectrum of government mission requirements including research and development, testing, engineering, logistics, deployed operations, and life-cycle sustainment.

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

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