Press Release

HOUSTON, March 25, 2019 -- KBR, Inc. (NYSE: KBR) announced today that its global government services business, KBRwyle, has been awarded three contracts totaling $95.7 million to support cybersecurity and engineering efforts for the U.S. military.

KBRwyle was awarded these contracts under the Department of Defense Information Analysis Center's multiple-award (DoD IAC MAC) contract vehicle for work to be performed for various U.S. military organizations. These task orders were awarded by the U.S. Air Force Installation Contracting Agency (AFICA).

• KBRwyle was awarded a $41.9 million cybersecurity task order to help pioneer an Explainable Artificial Intelligence (XAI) approach to data analysis and exploitation for the U.S. Air Force (USAF) Research Laboratory 711^th Human Performance Wing. This will help a variety of USAF and DoD customers discover hidden correlations, better understand data analysis results, and make more informed decisions.
  
  This cost-plus-fixed-fee task order was awarded under the DoD IAC's Cyber Security and Information Systems Technical Area Task (CSTAT) multi-award contract. KBRwyle won a seat on the CSTAT contract in 2015. This work will be performed primarily at Wright-Patterson Air Force Base in Dayton, Ohio over the next five years.

• KBRwyle was awarded a $35.3 million task order to provide information technology (IT) and cybersecurity services for the U.S. Navy's Naval Air Systems Command (NAVAIR) and Naval Air Warfare Center Aircraft Division (NAWCAD) activities. Specifically, KBRwyle will support the use and application of cyber-related technologies in the design, develop­­­­ment, testing, and evaluation of enterprise-wide IT and information management systems and infrastructure. KBRwyle will assist NAVAIR logistics in providing IT operations and maintenance, enterprise architecture, automated data processing, and enterprise license management services.
  
  AFICA awarded this cost-plus-fixed-fee task order awarded under the DoD IAC's CSTAT contract. This work will primarily be performed at Naval Air Station (NAS) Patuxent River in Lexington Park, Maryland over a three-year period.

• KBRwyle was awarded a $18.5 million task order to provide a full spectrum of engineering services, including cybersecurity, obsolescence management, reverse engineering, and ground vehicle power and mobility. KBRwyle will assist the U.S. Army Tank-Automotive Research, Development, and Engineering Center (TARDEC) in enhancing technologies for integration onto ground systems; assess the development of new technologies; and conduct survivability modeling and simulation for new systems.
  
  This cost-plus-fixed-fee task order was awarded under the DoD IAC's Defense Systems Technical Area Task (DSTAT) contract. KBRwyle won a seat on the DSTAT contract in June 2014. The work will be performed in Sterling Heights and Warren, Michigan over a 45-month period.

"Our recent series of cybersecurity wins underscores our position as a leading provider of innovative cyber and electronic security solutions," said Byron Bright, KBR President, Government Services U.S. "These awards demonstrate our ability to continually provide trusted, knowledge-based services to meet our customers' cybersecurity and IT needs."

KBRwyle offers an array of IT and cyber capabilities, including software engineering and development; big data analytics, computer network management, defense and support; cyber certification and accreditation; cyber policy development, translation and training; vulnerability assessment and evaluation; utility monitoring and control; health IT; and cloud security.

About DoD IAC Program
The DoD IAC program operates as a part of Defense Technical Information Center and provides technical data management and research support for DoD and federal government users. Established in 1946, the IAC program serves the DoD science and technology (S&T) and acquisition communities to drive innovation and technological developments by enhancing collaboration through integrated scientific and technical information development and dissemination for the DoD and broader S&T community. KBRwyle's contracts are part of the DoD IAC's Cyber Security and Information Systems Technical Area Task (CSTAT) and Defense Systems Technical Area Task (DSTAT).

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.

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.

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SOURCE KBR, Inc.