October 10, 2017 - 5:49 AM EDT
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KBRwyle Awarded U.S. Army LOGCAP IV Task Order Mods Totaling $116M

HOUSTON, Oct. 10, 2017 /PRNewswire/ -- KBR, Inc. (NYSE: KBR) announced today that its global Government Service business, KBRwyle, was awarded two task order modifications totaling $116 million to provide logistics support services to the U.S. Army in Europe and the Arabian Peninsula. The Army Contracting Command awarded these task order modifications under the Logistics Civil Augmentation Program (LOGCAP) IV contract.

Most recently, KBRwyle received a $70 million task order modification to continue assisting the Department of Defense in meeting the U.S. European Command's requirements. The company's services will include forward planning, maintenance support, base operating support services, and assisting the U.S. Army in transporting arms, ammunition and explosives. This is the second option year on the task order, which was originally awarded in August 2014.        

KBRwyle also received a $46 million task order modification to continue providing logistics support to the U.S. military in Kuwait and the United Arab Emirates. The company will provide facilities management, laundry services, waste management, maintenance support, fire protection, airfield management, and transportation operations. This is the second option year on the task order, which was originally awarded in April 2015.     

The company has provided a broad range of base life support and logistics to U.S. and allied forces through multiple LOGCAP contracts for more than twenty years. During LOGCAP III, KBRwyle conducted the largest government services contract in United States history in support of military operations in Iraq, Afghanistan, and eight supporting country locations.

"KBRwyle has a long history of providing world-class logistical support to our military," said Byron Bright, KBRwyle President. "We will continue to serve the U.S. Army through these new contracts to meet its dynamic challenges in Europe and the Middle East."

Revenue associated with these LOGCAP IV task order modifications will be booked into the backlog of unfilled orders for KBR's Government Services business segment.

About KBR, Inc.

KBR is a global provider of differentiated professional services and technologies across the asset and program life cycle within the Government Services and Hydrocarbons sectors. KBR employs over 34,000 people worldwide (including our joint ventures), 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.

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 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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Source: PR Newswire (October 10, 2017 - 5:49 AM EDT)

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