Press Release

KBR Secures New Work at Marshall Space Flight Center

HOUSTON – June 15, 2020 – KBR (NYSE: KBR) announced today it has been awarded a $570.3 million contract by NASA to develop and execute spaceflight operations at Marshall Space Flight Center in Huntsville, Alabama. With this award, KBR has earned a sizeable footprint at Marshall providing highly technical, mission-focused, high-impact services. The cost-plus-award-fee contract has one base year followed by seven years of options and includes an indefinite delivery, indefinite quantity component.

Under the Marshall Operations, Systems, Services and Integration (MOSSI) contract, KBR will perform International Space Station payload operations and support testing of the most powerful rocket ever built—the Space Launch System. The work will support spacecraft, payload, satellite and propulsion systems operations, as well as multi-program facilities, including the Huntsville Operations Support Center, and is an exciting addition to our International Space Station operations work at Johnson Space Center.

KBR will provide the management, personnel, equipment and supplies for around-the-clock mission operations and ground systems development services. The company’s work will bolster numerous NASA programs, payload developers, educational institutions, international partner space agencies and commercial partners.

“KBR is thrilled to have won this competitive bid to partner with Marshall Space Flight Center,” said Stuart Bradie, KBR President and CEO. “This long-term contract further enhances our prominence in supporting space operations and we look forward to working with the amazing people at Marshall to advance their missions. This award demonstrates our ability to expand our portfolio and fuel continued organic growth.”

KBR has provided mission-critical space support services to NASA and other customers for more than 60 years. It currently operates at 11 NASA centers and facilities and is one of the world’s largest human spaceflight support organizations.

KBR provides space and mission solutions for astronaut training and health, satellite and human spaceflight ground control, mission operations, extravehicular activity support and more. As part of its work, it executes International Space Station operations, performing real-time human spaceflight command and control 24 hours a day, seven days a week.

About KBR, Inc.

KBR is a global provider of differentiated professional services and technologies across the asset and program lifecycle within the Government Solutions and Energy sectors. KBR employs approximately 37,000 people worldwide (including our joint ventures), with customers in more than 80 countries, and operations in 40 countries, across three synergistic global businesses:

• Government Solutions, serving government customers globally, including capabilities that cover the full lifecycle 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 Solutions, featuring proprietary technology, equipment, catalysts, digital solutions and related technical services for the monetization of hydrocarbons, including refining, petrochemicals, ammonia and specialty chemicals, as well as inorganics
• Energy Solutions, 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); program management and consulting services

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 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