KBR Awarded Automated Fuel Handling Equipment Maintenance Contract for Defense Logistics Agency

HOUSTON, Sept. 12, 2022 /PRNewswire/ -- KBR (NYSE: KBR) announced today it has been awarded a $38 million contract by Defense Logistics Agency (DLA) to provide maintenance support and sustainment of Automated Fuel Handling Equipment (AFHE) sites worldwide. 

Under the terms of this 5-year contract, KBR will provide maintenance and sustainment support and data analytics to ensure continuity of operations at 23 AFHE sites worldwide. Services include preventative and corrective maintenance, site support, Supervisory Control and Data Acquisition maintenance support documentation and equipment, and material site support capability for DLA's Automated Fuel Systems.

"KBR leverages its expertise in Industrial Control Systems to offer more advanced productivity solutions for government and commercial customers," said KBR's Government Solutions U.S. President Byron Bright. "This work supports DLA's efforts to reduce waste, improve productivity and prevent environmental pollution, in addition to aligning with our corporate sustainability goals and commitment to Zero Harm."

The AFHE system is an Industrial Control System with real-time data acquisition/control and inventory management. Its primary purpose is to automate both transfer and inventory functions to reduce the risk of spills and leakage of petroleum products, thus reducing the risk of polluting the environment. Modern automation of fueling systems can generate across-the-board efficiencies by eliminating human error, assuring timely and accurate data capture for each transfer, tracking details necessary to eliminate waste, and protecting the environment from unnecessary negative impacts.

This contract continues KBR's support of DLA through differentiated Supply Chain as a Service solutions, combining digital technology and domain knowledge for the AFHE sites. For more than 15 years, KBR has provided Industrial Control Systems services and productivity solutions to government and commercial clients across the globe.

We deliver science, technology and engineering solutions to governments and companies around the world. KBR employs approximately 28,000 people performing diverse, complex and mission-critical roles in 34 countries.

KBR is proud to work with its customers across the globe to provide technology, value-added services, and long-term operations and maintenance services to ensure consistent delivery with predictable results. At KBR, We Deliver.

Visit www.kbr.com.

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 significant adverse impacts on economic and market conditions of the COVID-19 pandemic and the company's ability to respond to the resulting challenges and business disruption; the recent dislocation of the global energy market; the company's ability to manage its liquidity; 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; 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; the possibility of cyber and malware attacks; 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.

The company's most recently filed Annual Report on Form 10-K, any subsequent Form 10-Qs and 8-Ks, and other U.S. Securities and Exchange Commission filings discuss some of the important risk factors that the company has identified that may affect its business, results of operations and financial condition. Except as required by law, the company undertakes no obligation to revise or update publicly any forward-looking statements for any reason.

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SOURCE KBR, Inc.