Press Release

Trade Release

HOUSTON

- (April 27, 2017) -

KBR, Inc. (NYSE: KBR) released today its plans for the 2017 Offshore Technology Conference (OTC) being held on May 1- 4, 2017 in Houston, TX at NRG Park. KBR will showcase "new solutions for a new market" demonstrating new cost-effective options to help customers meet their needs even in a challenging energy market. These new solutions include the GVA 10000 FPU, a small and economic semi-submersible as well as cutting edge training simulators that utilize virtual reality tools.
KBR executives and experts will be active throughout the conference presenting papers, leading workshops, and conducting presentations on KBR's capabilities and offerings in Booth #1851.Ê You can find a complete list of KBR presentations, papers, and workshops at https://kbr.com/Documents/OTC2017KBRPapersandPresentations.pdf.

GVA, a KBR company and world-leading designer and provider of licensed technology for floating solutions for the offshore oil & gas markets, will introduce the GVA 10000 FPU on Tuesday, May 2nd. Specifically designed for today's challenging market, the GVA 10000 looks to break down the barriers to entry for deepwater developments, by providing a standardized semi-submersible production platform that is economic at $40 per barrel.

On Wednesday, May 3 KBR will highlight the KG7 Alliance, a partnership between KBR, KBR subsidiary Granherne, and Subsea 7 aimed at delivering success through early engagement for customers by providing assurance of constructability and installability, and risk mitigation.

KBR will also be conducting in-booth presentations on the SMARTspend work process and the KBR Integrity Management program.Ê In addition, KBR's booth will feature hands on demonstrations of its advanced training simulators that utilize virtual reality technology.

KBR offers comprehensive integrated solutions in all types of locations and environments, helping our customers execute their critical complex projects. From topsides to subsea installations, greenfield or brownfield, to conventional to floating and FLNG and through our subsidiaries, GVA, Granherne, and Energo, we provide high-value, reliable offshore expertise.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 over 34,000 people worldwide (including our joint ventures), with customers in more than 80 countries, and operations in 40 countries, across three synergistic global businesses:Government 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 logisticsTechnology & Consulting, 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; gasification; oil and gas consulting; integrity management; naval architecture and proprietary hulls; and downstream consultingEngineering & Construction, 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) and program management
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 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
Nelson Rowe
Senior Vice President, Investor Relations
713-753-5082
Investors@kbr.com

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