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Monday, Oct 24, 2016

KBR Wins Global Defense Contracts

KBR, Inc. (NYSE: KBR) announced today it has been awarded a string of defense contract awards, further boosting its global Government Services business which, with the recent acquisition of now-KBRwyle, spans the full spectrum of the life-cycle of aerospace and defense programs.

The awards include two contract extensions with the U.S. Department of Defense and a multi-year contract for the Australian Defense Department, furthering KBR’s long and successful record of delivering projects and support to government clients across the world.

For the U.S. Department of Defense, KBR secured two contract extensions for Base Operational Support Services in the Middle East and Africa. In Djibouti, KBR’s support contract was extended for the Naval Facilities Engineering Command Atlantic where KBR provides a full spectrum of base operations and maintenance services, life support, and logistics services for a base population of approximately 5,000 personnel. KBR was also awarded a further 12-month extension on its LOGCAP IV contract to provide operational support in the Arabian Peninsula, commencing in September 2016.

Further, KBR secured a five-year contract with the Australian Defense Department - Capability Acquisition and Sustainment Group (CASG) - to provide Integrated Support Contractor (ISC) services to the CASG AIR90 Project Office, responsible for the upgrade of military equipment. Among other responsibilities, KBR will upgrade the Secondary Surveillance Radar on selected military equipment to maintain interoperability with the U.S. and NATO and provide engineering, integrated logistic, and other support associated with upgrading a number of fleets, including helicopters, aircraft, specialist ships and land based air defense systems.

“The award of these contracts comes at an exciting time for KBR as our Government Services businesses continues to grow and we see synergistic opportunities with the acquisition of KBRwyle in markets where our large-scale logistics and project management capabilities combine with our highly specialized technical capabilities,” said Stuart Bradie, President and CEO of KBR, Inc.

“It is a testament to our reputation for disciplined delivery, high customer satisfaction and unparalleled performance—often in the most austere environments—that makes us the customer’s first choice time after time,” continued Bradie.

The revenue for these three contracts is expected to be approximately $120 million USD which will be booked into backlog for KBR’s Government Services business segment in 2Q16.

Source : Kellogg Brown & Root LLC - view original press release

Published on ASDNews: Jul 18, 2016


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