Press Release

HOUSTON - (April 28, 2016) - KBR, Inc. (NYSE: KBR) released today its schedule for the 2016 Offshore Technology Conference (OTC) May 2-5, 2016 in Houston, TX at NRG Park. KBR executives and experts will be active throughout the conference presenting papers, leading workshops, and delivering keynote remarks. In addition, KBR will unveil several new offshore technologies and a new integrity management business process.

On Monday, May 2, Graham Hill, KBR's Executive Vice President, Global Business Development & Strategy will deliver a keynote address about "Thriving in Volatility: Opportunities, Challenges, and Solutions" to young oil and gas industry professionals at The Next Wave breakfast.

You can find a complete list of KBR presentations, papers, and workshops at kbr.com/Documents/OTC2016KBRPapersandPresentations.pdf.

GVA, a KBR company and world-leading designer and provider of licensed technology for floating solutions for the offshore oil & gas markets, will unveil four brand-new semi-submersible designs for the offshore industry. KBR experts will conduct presentations on these new designs daily at 10am and 2pm in the KBR booth (#2753).GVA 8000 UHE (Ultra Harsh Environment) semi-submersible drilling is designed to provide an efficient and safe unit in harsh and ultra-deep water conditions. GVA 5000 HMW (Harsh Mid-Water) is designed specifically with the mid-water regions of the industry's harshest environments in mind and is designed to lower operations costs, increase uptime and operability, and create safer working conditions for all those onboard. GVA 25 FLNG semi-submersible concept reduces capital and operating expenditures, allows for more configurable topsides equipment, and has inherently safer and more efficient offloading operations over current competing designs.GVA 10000 FPU is a highly capable, cost-effective platform. Engineered with safety and constructability in mind, it features a hull design proven in the harshest environments on Earth, and flexible, easily configurable topsides.

On Tuesday, May 3, KBR will launch KBR Integrity Management to enable customers to safely achieve operational excellence throughout the asset lifecycle.

In addition, the KBR booth will have an interactive 3D Model titled "KBR's Data for Life Model" which will allow visitors to engage in a lifecycle experience on a major project.

About KBR, Inc.

KBR, Inc. is a global technology, engineering, procurement and construction company serving the hydrocarbons and government services industries, employing approximately 22,000 people worldwide with customers in more than 80 countries and operations in 40 countries across three distinct global businesses: Technology & Consulting, including proprietary technology in refining, ethylene, ammonia and fertilizers, and gasification; and niche consulting and know-how through subsidiaries Granherne, Energo and GVA; Engineering & Construction, including Offshore Oil & Gas; Onshore Oil & Gas; LNG/GTL; Refining; Petrochemicals; Chemicals; differentiated EPC, and Industrial Services; Government Services, including program management and long term annuity contracts

KBR is proud to work with its customers across the globe to provide technology, value-added consulting services, integrated EPC delivery and Long Term Industrial Services to ensure consistent project 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 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
Zac Nagle
Vice President, Investor Relations
713-753-5082
Investors@kbr.com

Media
Marit Babin
Director, Global Communications & Government Relations
713-753-3800
Mediarelations@kbr.com