KBR Announces Completion of Landmark Dyno Nobel Ammonia Plant

HOUSTON, TX--(Marketwired - October 27, 2016) - KBR, Inc. (NYSE: KBR) announced today the successful completion of performance tests and official handover of the landmark Dyno Nobel ammonia plant in Waggaman, Louisiana.

The project is the first to use an integrated KBR solution of KBR's Purifier™ ammonia technology along with KBR's engineering, construction and procurement (EPC) services. It is one of the first onshore ammonia plants built in the United States in the past 20 years, and the first new grassroots ammonia plant in Louisiana in over 30 years.

The facility met and exceeded all performance parameters for throughput, efficiency and environmental performance on October 13 and handover of operations and management to Dyno Nobel Louisiana Ammonia LLC, a subsidiary of Incitec Pivot Limited (IPL), occurred on October 19. The time from contract award to handover was 42 months, which is the quickest overall schedule of a major, grassroots ammonia project undertaken in the U.S. in the last 5 years. Demonstrating KBR's commitment to Zero Harm, the project reached this milestone with no lost time incident, while executing more than five million man hours.

"We are proud of this ground-breaking project which showcases KBR's best-in-industry ammonia plant technology and EPC services," said David Zelinski, KBR President of Onshore, Engineering & Construction Americas. "The completion of this project demonstrates KBR's world class project execution and customer service capabilities."

As a cornerstone in the ammonia industry for more than 60 years, KBR's plants are recognized around the world for delivering safe, low-cost, reliable performance. In all, KBR has been involved in the licensing, design, engineering and/or construction of more than 230 ammonia facilities.

About KBR, Inc.

KBR is a global provider of differentiated professional services and technologies across the asset and program life cycle within the Hydrocarbons and Government Services Sectors. KBR employs over 31,000 people worldwide, with customers in more than 80 countries, and operations in 40 countries, across three synergistic global businesses:

• Government Services, serving government customers globally, including capabilities that cover the full life-cycle 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 & Consulting, including proprietary technology focused on the monetization of hydrocarbons (especially natural gas and natural gas liquids) in ethylene and petrochemicals; ammonia, nitric acid and fertilizers; oil refining; gasification; oil and gas consulting; integrity management; naval architecture and proprietary hulls; and downstream consulting

• Engineering & Construction, 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) and program management

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.

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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 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.