KBR Awarded Prime Contractor Position on U.S. Air Force Base Life Support and Logistics Contract
HOUSTON, Sept. 22, 2015 (GLOBE NEWSWIRE) -- KBR, Inc. (NYSE:KBR) announced today it has been awarded a prime contractor position for a multiple award indefinite-delivery/indefinite quantity (IDIQ) contract by the U.S. Air Force for base life support and logistics and construction services worldwide.
KBR is one of eight companies awarded a prime contractor position to compete for specific task orders on the $5B Air Force Contract Augmentation Program (AFCAP IV).
"Winning a position on AFCAP IV allows KBR the opportunity to continue its support of the Air Force customer in strategic locations worldwide, providing quality base life support and logistics for our U.S. military wherever they need us," said KBR Government Services President Andrew Pringle. "Through this contract, KBR will continue to differentiate itself as a preferred provider of services in contingency environments."
AFCAP IV, awarded by the 772nd Enterprise Sourcing Squadron, Air Force Installation Contracting Agency at Tyndall Air Force Base in Florida, will provide base life and operating support, logistics support, and construction services as needed to support the Air Force, Department of Defense, or any U.S. federal government entity performing contingency operations. Work will be performed at locations worldwide to be determined by individual needs. This work is expected to be performed over seven years, with funding allocated to orders on an as-required basis in support of the AFCAP scope of services.
Expected revenue associated with this multiple award IDIQ contact will be booked into backlog of unfilled orders for KBR's Government Services Business Segment as task orders are awarded throughout the contract period.
About KBR, Inc.
KBR, Inc. is a global technology, engineering, procurement and construction company serving the hydrocarbons and government services industries, employing approximately 25,000 people worldwide with customers in more than 70 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
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.
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.
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