HOUSTON, TX --(Marketwired - March 02, 2017) - KBR, Inc. (NYSE: KBR) announced today it has been awarded additional contracts to provide professional services for
major Australian infrastructure projects:
- KBR, in a team with Laing O'Rourke and AECOM, is delivering the Torrens Rail Junction Project in Adelaide, South Australia.
The project will improve the productivity of the national rail freight network by separating the freight and passenger rail
lines that intersect at Torrens Junction. The passenger line will be lowered below the freight railway and adjacent roadways,
extending for around 1.4 kilometers. KBR is providing design and engineering services for the rail design and associated civil
structures. The project is expected to be completed in early 2018.
- KBR has also been awarded a contract for independent verification services by Sydney Desalination Plant Pty Limited for its
desalination plant rebuild works and associated systems commissioning. The project is expected to be completed by December
2018. KBR previously provided Independent Verification services for the original construction of the Sydney Desalination Plant
and has continued to provide engineering services for a range of projects since that time.
"These latest awards continue to build on KBR's strong portfolio of Australian transport and water infrastructure projects,"
said Greg Conlon, President Asia Pacific.
"KBR has an enduring commitment to our customers in the Asia Pacific region and we are pleased to be involved in these
strategic initiatives that create long term value for Australia's infrastructure particularly in relation to the country's
metropolitan and national rail systems," continued Conlon.
Revenue associated with these projects is undisclosed and will be booked into backlog of unfilled orders for KBR's Engineering
& Construction Business Segment in Q1 2017.
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 37,000 people worldwide, 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 logistics
- Technology & 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 consulting
- Engineering & 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.