Press Release

HOUSTON, Aug. 23, 2018 /PRNewswire/ -- KBR, Inc. (NYSE: KBR) announced today that its global government services business, KBRwyle, has been awarded a $71 million task order to provide cybersecurity services for the Defense Health Agency (DHA).

The Navy's Space and Naval Warfare (SPAWAR) Systems Center (SSC) Atlantic awarded this three-year, cost-plus-fixed-fee task order under the SeaPort Enhanced (SeaPort-E) contract. KBRwyle has held a seat on SeaPort-E since 2005.

KBRwyle will assist SSC Atlantic with its cybersecurity and risk management framework (RMF) initiatives and provide support to the DHA Assessment and Authorization (A&A) Division. This work will help DHA provide secure healthcare to U.S. Air Force, Army, and Navy warfighters and their families.

Under this task order, KBRwyle will provide cybersecurity A&A support. This will include ensuring DHA IT is compliant with information assurance (IA) directives and processes; preparing and reviewing RMF packages, supporting IA test procedure standardization, and performing risk assessments.

KBRwyle will carry out a range of other health IT efforts, such as program management, security controls, privacy requirements, and warranty management support. It will also provide critical cybersecurity tools, and maintain and enhance DHA's web-based platform for data management.

This work will be primarily performed at KBRwyle's Charleston, South Carolina office as well as DHA's headquarters in Falls Church, Virginia, and other locations throughout the U.S.

"KBRwyle has delivered cutting-edge cybersecurity solutions to DHA since its inception," said Byron Bright, President, KBR Government Services U.S. "We will continue to work side by side with DHA as it delivers integrated, affordable and high quality health services to U.S. military members and their loved ones."

KBRwyle is a leading provider of U.S. government cyber and electronic security solutions. It helps customers defend their cyber battlespace by offering a range of IT services, including cyber policy and training, cloud security, vulnerability assessment and evaluation, independent verification and validation, and software design and control system programming.

Estimated revenue associated with this contract award will be booked into the backlog of unfilled orders for KBR's Government Services business segment.About KBR, Inc.

KBR is a global provider of differentiated professional services and technologies across the asset and program life cycle 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 life-cycle 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.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.

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