Press Release

HOUSTON – (October 29, 2019) – KBR (NYSE: KBR) had an impressive showing in the prestigious 2019 Engineering News Record (ENR) rankings as well as a project award nomination from the organization. ENR’s annual surveys of the nation’s large design-build firms set the standard across the industry.    

KBR moved up to number 4 on ENR’s 2019 Top 500 Design Firms list which ranks the largest U.S. based design firms. On the 2019 Top 225 International Design Firms list, measuring firms’ presence in international commerce, KBR moved up to number 11. The ENR 2019 Top 150 Global Design Firms list, which measures total worldwide design revenue, saw KBR move up to number 12.

KBR also earned an Award of Merit in the Power/Industrial category of ENR’s 7th Annual Global Best Projects Competition, which identifies and honors the project teams behind outstanding design and construction efforts of the past year. KBR was recognized for the Johan Sverdrup ULQ project, delivered on time and on budget by KBR in a joint venture with Kvaerner (K2JV).    

“The impressive showing and recognition by ENR confirms KBR’s reputation as an industry leader in the design and execution of digital solutions to address complex challenges,” said Stuart Bradie, KBR President and CEO.  “KBR’s accomplishments should be credited to our smart, resourceful, pioneering people who drive every one of KBR’s successes.”

“I am particularly proud that a laser focus on safely executing projects is the foundation for KBR’s success,” Bradie continued.

KBR is known for delivering some of the world’s largest, most technically complex projects in the most inhospitable environments, providing innovative solutions and service.  Backed by a legacy of engineering innovation, hands-on knowledge and technical expertise, KBR creates solutions to customers’ challenges that deliver the impossible on a daily basis.

KBR is modernizing that legacy by focusing on digitalization and embracing new technologies. With rule-based designs, automation, artificial intelligence and cognitive machine learning, KBR is leading the way in digital transformation in execution of projects in all sectors.

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 38,000 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.

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 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