PRNewswire 14-Jan-2019 5:52 AM
HOUSTON, Jan. 14, 2019 /PRNewswire/ -- KBR, Inc. (NYSE:KBR) announced today its global government services business, KBRwyle, has been awarded a $62 million contract modification to continue providing base operating support services (BOSS) at Navy Support Facility Diego Garcia in the British Indian Ocean Territory.
The Naval Facilities Engineering Command (NAVFAC) Pacific has awarded KBRwyle the first of a possible seven option years on a $515 million fixed-price-with-award fee contract originally won by KBRwyle in 2017.
KBRwyle will continue to perform a range of services that will support the base and look after the welfare and wellbeing of its sailors in one of the most isolated regions in the world. These services will include facilities management, IT, supply, utilities, administration and public safety. Additionally, it will provide morale, welfare and recreation support, and port and air operations.
"As one of the few companies that has the expertise to support the U.S. military in such remote locations, it's our honor to continue serving the U.S. Navy's men and women in Diego Garcia," said Stuart Bradie, KBR President and CEO. "This work further solidifies our position as a trusted base operating support provider to the U.S. military."
KBRwyle will also continue to serve up its award-winning galley services. Its dining facility at Diego Garcia recently earned a 5-Star accreditation – the Navy's highest level of evaluation for food service operations.
KBRwyle has provided critical operations, maintenance, and logistics services across the globe supporting the U.S. government since WWII. KBRwyle is currently performing these services in the most extreme and austere environments for multiple U.S. Navy and Army military bases around the world, including the largest U.S. base in Africa.
About KBR, Inc.
KBR is a global provider of differentiated professional services and technologies across the asset and program lifecycle 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:
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.
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 U.S. 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.
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