HOUSTON, April 3, 2018 /PRNewswire/ -- KBR, Inc. (NYSE: KBR)
announced today that its joint venture company, NSI (Aust) Pty Ltd (NSI), established between Kellogg Brown & Root Pty Ltd
(KBR) and Huntington Ingalls Industries Australia Pty Ltd (HII), has been selected by the Australian Government to establish and
manage Australia's Naval Shipbuilding College (NSC).
The Naval Shipbuilding College is a unique organization with one national purpose, "To ensure the required workforce is
equipped with the right skills at the right time to implement the government's ambitious naval shipbuilding program," said
Australia's Minister for Defence Industry, the Hon Christopher Pyne MP, when he announced the
request for proposal in 2017.
NSI has been established for the express purpose of implementing and executing the Naval Shipbuilding College. KBR and
HII as joint venture partners, offer a unique and highly complementary combination of attributes and industry workforce training
experience that are essential to the NSC's successful delivery of the right workforce with the right skills for the Naval
Shipbuilding Program.
To complement KBR's and HII's industry and shipbuilding workforce development experience and expertise, NSI has assembled from
across Australia, a strong team from organizations in the education, training, academic and
business sectors. These organizations include the Australian Maritime College in Launceston, vocational education and training
providers in Adelaide and Fremantle, as well as AiGroup, Manpower Group, PwC, Defence Teaming
Centre and the Defence Industry Educational Skills Consortium. All team members have extensive national experience across
Australia. The NSI team will leverage existing Australian capabilities to efficiently deliver
the world-class workforce services for the NSC.
"We are delighted to expand our relationship with the Australian Navy and to be working with HII on the NSC contract," said
Stuart Bradie, KBR President and CEO. "Our two companies represent the very best of
international industry, Australian industry and workforce enablement."
"We believe we have a strong proposition, with unsurpassed and highly relevant technical training, engineering and commercial
expertise with a proven ability to transition into, and deliver against, the Australian Government's Naval Shipbuilding Plan
workforce requirements," Bradie continued.
Estimated revenue associated with this project will be booked into 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 & 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.
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SOURCE KBR, Inc.