Press Release

HOUSTON – (November 23, 2020) – KBR (NYSE: KBR) announced today it has raised more than $532,000 for nine local and national charities at its fourteenth annual charity golf tournament. Since 2007, the tournament has raised over $6.5 million for worthy nonprofit organizations that align with KBR’s charitable focus areas of health, education and safety.

This year’s socially distanced tournament benefitted a diverse group of organizations that are making a real difference with a special focus on health care workers and first responders on the frontlines in the fight against COVID-19. In addition, the tournament supported other organizations whose missions are focused on keeping communities safe, preserving the environment and supporting veterans. This year’s charitable recipients are:

• St. Jude Children’s Research Hospital
• Houston Fire Department
• Houston Police Department
• Buffalo Bayou Partnership
• Galveston Bay Foundation
• Impact a Hero
• The Chester Pitts Charitable Foundation
• Houston Methodist Hospital Foundation
• Memorial Hermann Foundation

“In these times, it’s especially important that we give back to our communities,” said Stuart Bradie, KBR President and CEO. “KBR is contributing $250,000 directly to front line workers that have sacrificed so much for our communities this year, and we’re honored to stand shoulder to shoulder with these men and women.”

Bradie continued, “KBR’s young professionals always make the Charity Golf Tournament a tremendous success and this year is no different. 2020 has been challenging in so many ways, so it means a great deal to me, and to KBR, that we were able to move forward with this event and I am especially proud of the work our team put in to ensuring the safety of each participant.” 

The 14th annual tournament was held on Thursday, November 19, 2020 at Kingwood Country Club in Kingwood, Texas and featured extensive safety guidelines including a virtual auction and awards.

For more information about the tournament, visit charitygolf.kbr.com or by searching #KBRCharityGolf on any of KBR’s social media pages.

About KBR

KBR is a global provider of differentiated professional services and solutions across the asset and program life cycle within the government and technology sectors. KBR employs approximately 28,000 people worldwide with customers in more than 80 countries and operations in 40 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 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 significant adverse impacts on economic and market conditions of the COVID-19 pandemic; the company's ability to respond to the challenges and business disruption presented by the COVID-19 pandemic; the recent dislocation of the global energy market; the company's ability to realize cost savings and efficiencies relating to the streamlining of its Energy Solutions business; the company's ability to manage its liquidity; the company's ability to continue to generate anticipated levels of revenue, profits and cash flow from operations during the COVID-19 pandemic and any resulting economic downturn; 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, including as a result of the COVID-19 pandemic; 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 U.S. 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.

For further information, please contact:

Investors
Alison Vasquez
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