HOUSTON, April 8,
2024 /PRNewswire/ -- KBR (NYSE: KBR) announced that
it has been awarded new contracts estimated at more than
$450 million to deliver highly
technical systems engineering support and services to the U.S.
Government.
Under the terms of these contracts, KBR will provide systems
engineering, acquisition support, phenomenology expertise and data
science, as well as applied research, communications security
infrastructure, operations and maintenance support.
These contracts focus on sustaining both space and ground
systems, enhancing acquisition efficiency via digital engineering,
[and?] supporting secure communications, information technology
systems, and data analysis. Work is expected to be performed
through 2031. Additional focus items include providing
architecting, engineering and analysis services to support delivery
of enterprise capabilities and support to satellite
operations. KBR will be combining classic systems engineering
methodologies with newer digital engineering technologies to
identify solutions for the customer's difficult challenges, moving
their enterprise forward and meeting their mission objectives.
Areas of support include strategy and concept development, user
engagement, architecture assessment, advanced communications
security, lifecycle readiness, verification and validation, mission
assurance and utility, flight operations and training, and
simulation and data analytics. KBR's solutions also use artificial
intelligence (AI), machine learning and advanced data
frameworks.
"We are excited to be a part of these significant projects and
to continue growing and maintaining a substantial presence in the
Washington D.C. Metropolitan
Region," said KBR Government Solutions U.S. President Byron Bright. "These wins are indicative of
KBR's strategic commitment to being a trusted advisor to the
government in all aspects of space and ground system
acquisition."
These contracts are under KBR's National Security Solutions
(NSS) division focused on defense and intelligence support and
resources, serving as a testament to KBR's unwavering commitment to
providing support to the U.S. Government through its exceptional
team, highlighting an enduring dedication to innovation and
excellence.
About KBR
We deliver science, technology and engineering solutions to
governments and companies around the world. KBR employs
approximately 34,000 people worldwide with customers in more than
80 countries and operations in over 30 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 Statements
The statements in this press release that are not historical
statements, including statements regarding the expected performance
period of the new contracts, are forward-looking statements within
the meaning of the federal securities laws. These statements are
subject to numerous risks, uncertainties, and assumptions, 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, uncertainties, and assumptions
include, but are not limited to, those set forth in the company'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, which discuss some of the important risks, uncertainties,
and assumptions that the company has identified that may affect its
business, results of operations, and financial condition. Due to
such risks, uncertainties, and assumptions, you are cautioned not
to place undue reliance on such forward-looking statements, which
speak only as of the date hereof. Except as required by law, the
company undertakes no obligation to revise or update publicly any
forward-looking statements for any reason.
For further information, please contact:
Investors
Jamie DuBray
Vice President, Investor Relations
713-753-5082
Investors@kbr.com
Media
Philip Ivy
Vice President, Global Communications and Marketing
713-753-3800
MediaRelations@kbr.com
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SOURCE KBR, Inc.