KBR to Help Provide Combat-Ready Equipment to Marines Worldwide

KBR, Inc. (NYSE: KBR) announced today that its global government services business has been awarded a contract modification by the U.S. Marine Corps (USMC) to provide prepositioning and logistics support services for the USMC Blount Island Command.

This modification is the ninth year of the contract, which was originally awarded in 2009. The USMC awarded this contract modification in two parts, the first in September 2017 as an undefinitized contract action and the second in April 2018.

Under the terms of the contract, KBR will continue to provide logistics services that include supply support, inventory management, IT support, preservation and packaging, organic support, shipping and receiving, and maintenance in and outside of the U.S. The work is expected to be performed over the next year.

KBR will primarily perform this work in Jacksonville, Florida, but will also support the USMC at various other locations, including Norway and Kuwait, as well as aboard 12 maritime prepositioned ships located in the Asia-Pacific and Diego Garcia regions.

"KBR is dedicated to serving U.S. Marines at home and abroad," said Stuart Bradie, KBR President and CEO. "We will continue to support the U.S. Marine Corps' prepositioning programs by diligently maintaining combat-ready equipment and material through this contract modification."

KBR is the leading readiness provider of prepositioned stock to the USMC and U.S. Army. The company provides program planning, maintenance, care of supplies in storage, and logistics services to strategically prepositioned stocks afloat and ashore worldwide.

Estimated revenue associated with contract modification will be booked into the backlog of unfilled orders for KBR's Government Services business segment.