Press Release

HOUSTON Ð (February 21, Year) Ð KBR, Inc. (NYSE: KBR) announced today that its global government services business, KBRwyle, has been awarded a $19 million contract by the U.S. Geological Survey (USGS) to support flight operations for its Landsat 7 satellite.

The Landsat 7 satellite is part of the Landsat program, a joint initiative of the USGS and NASA. Landsat satellites provide space-based images of the Earth's land surface, collecting valuable data that helps reduce hunger on Earth, enhances how quickly emergency response teams stabilize fires, and aids scientists in understanding humanity's impact on the planet.

Under this contract KBRwyle will perform flight operations, system maintenance, testing, and sustainment engineering activities to support the on-orbit Landsat 7 spacecraft and payload. KBRwyle will also operate and maintain the Mission Operations Center (MOC) ground systems and backup Mission Operations Center (bMOC). Additionally, the company will continue to participate in a NASA/USGS initiative to robotically refuel the Landsat 7 spacecraft.

KBRwyle will primarily perform this work at NASA's Goddard Space Flight Center in Greenbelt, Maryland, as well as at its office in Columbia, Maryland. The firm-fixed-price, time and materials contract's period of performance is one base year with four option years. The maximum value of this contract is $19M if all options are exercised.

"KBRwyle is proud to continue supporting this program that equips society with critical data about the Earth," said Byron Bright, KBR President Government Services U.S. "Landsat satellites tell the story of our planet. They capture data from current events and show the evolution of our environment, providing invaluable information to decision makers."

Landsat satellites have acquired data from across the globe for more than four decades. The National Satellite Land Remote Sensing Data Archive (NSLRSDA) at the USGS Earth Resources Observation and Science (EROS) Center holds the single most geographically and temporally rich collection of Landsat data in the world, currently holding more than six million Landsat scenes.

KBRwyle provides technical support services to the USGS EROS Center. At this center, KBRwyle maintains and operates the Landsat 7 and 8 ground processing system while helping to develop the next generation Landsat 9 ground system in support of a planned 2020 launch. The EROS Center processes and distributes data from the Landsat archive and other Earth observing satellites, as well as other forms of geographic science products and information.

KBRwyle has partnered with NASA and USGS for more than two decades to help Landsat satellites provide imagery-a unique resource for those who work in agriculture, geology, forestry, regional planning, education, mapping, and global change research. KBRwyle began its legacy of support with Landsat 5 in 1994, operating the satellite to set a new Guinness World Record for the longest-operating Earth observation satellite.

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 34,000 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 logisticsTechnology, 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 gasificationHydrocarbons 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