Press Release

Wire Release

HOUSTON – (April 30, 2019) – KBR, Inc. (NYSE: KBR) announced today that it has earned a National Excellence in Construction® Eagle Award from Associated Builders and Contractors (ABC) in the category of Heavy Industrial/Mega Projects for its work on the Koch Enid Expansion Project (KEEP) in Oklahoma.

KBR provided EPC services to Koch Ag and Energy Solutions, LLC, for a three-year, $1.3 billion expansion of Koch's fertilizer plant on a 650-acre site, delivering six major scopes of work on time and on budget, and managing almost 8 million man hours through a collaborative team approach. One of the largest fertilizer production plants in North America, the expansion increased the plant's urea and ammonia production capacity by more than one million tons per year. It was one of the largest capital construction projects in Oklahoma history.

KBR was recognized at the national ABC convention along with other winners in various categories at the Excellence in Construction Awards gala in Long Beach, California. Accepting for KBR were Michael Day, Vice President of KBR Construction Americas, and Paris Gill, Director of Human Resources for Construction.

"We are proud to honor KBR with a National Excellence in Construction® Eagle Award," said 2019 ABC National Chair Tony Rader, telecom vice president of National Roofing Partners, Coppell, Texas. "The Koch fertilizer plant expansion shows not only the exceptional talent in our industry, but the overall commitment to building safely, on time and on budget. KBR's breadth of skills and craftsmanship greatly benefits the merit shop construction industry."

The Excellence in Construction awards program is the industry's leading competition that honors both general and specialty contractors for innovative and high-quality merit shop construction projects. The award honors all construction team members, including the contractor, owner, architect and engineer. The winning projects, selected from entries submitted from across the nation, were judged on complexity, attractiveness, unique challenges, completion time, workmanship, innovation, safety and cost.

The Eagle Award is the highest Construction recognition granted by ABC. To earn that honor requires that projects demonstrate exceptional performance in safety, quality, and productivity, as well as innovations in construction execution. KBR implemented advancements on the KEEP project that were key differentiators, including programs in Quality Control (weld quality), scheduling and sequencing, craft training, critical lifts, and systems turnover.

During the award process, Koch lauded the partnership among the integrated project team, the standard for craftsmanship and professionalism shown by KBR, and the overall impact the project had on the larger community of Enid.

"We are extremely proud to receive this recognition from ABC," said Farhan Mujib, KBR President, Hydrocarbons -Delivery Solutions. "This project is a true testament to the power of a positive work culture built on mutual trust and a relentless commitment to safety and quality."

Considered a world leader in ammonia technology, KBR has been involved in the licensing, design, engineering and/or construction of more than 230 ammonia plants worldwide.

About KBR, Inc.

KBR is a global provider of differentiated professional services and technologies across the asset and program lifecycle within the Government Services and Hydrocarbons sectors. KBR employs approximately 36,000 people worldwide (including our joint ventures), with customers in more than 75 countries, and operations in 40 countries, across three synergistic global businesses:

• Government Services, 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, 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 and gasification
• Hydrocarbons Services, 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
Brenna Hapes
External Global Communications
713-753-3800
Mediarelations@kbr.com