KBR Awarded additional LOGCAP IV Task Order for U.S. Army in Kuwait
Houston, TX, Aug 28, 2015 - (ACN Newswire) - KBR, Inc. (NYSE: KBR) has been awarded a cost plus fixed fee task order in the Arabian Peninsula under the Logistics Civil Augmentation Program (LOGCAP) IV contract.
For this task order, KBR will provide logistics, operations, and maintenance support for the U.S. Army across eight sites in Kuwait. Upon the direction of the U.S. Government, services can be expanded to other countries in the Arabian Peninsula region. This work is expected to be performed over one base year with three option years. Requirements will focus on facilities management, theatre transportation and movement control, waste and sewage management, and airfield operations services.
KBR is also currently executing LOGCAP IV task orders in United Arab Emirates and Iraq. "We are excited to be a part of this significant program and to continue to grow and maintain a substantial presence in the Middle East Region," said Andrew Pringle, President of KBR's Government Services Segment.
KBR's LOGCAP IV transition team for this assignment is already on the ground in Kuwait and has begun coordination for a seamless start-up.
The contract value was not disclosed. Revenue associated with this contact will be booked into backlog of KBR's Government Services Business Segment in the third quarter of 2015. Work execution on this contract began on August 12, 2015, with completion expected in the last quarter of 2019.
About KBR, Inc.
KBR, Inc. is a global technology, engineering, procurement and construction company serving the hydrocarbons and government services industries, employing approximately 25,000 people worldwide with customers in more than 70 countries and operations in 40 countries across three distinct global businesses:
- Technology & Consulting, including proprietary technology in refining, ethylene, ammonia and fertilizers, and gasification; and niche consulting and know-how through subsidiaries Granherne, Energo and GVA - Engineering & Construction, including Offshore Oil & Gas; Onshore Oil & Gas; LNG/GTL; Refining; Petrochemicals; Chemicals; differentiated EPC, and Industrial Services - Government Services, including program management and long term annuity contracts
KBR is proud to work with its customers across the globe to provide technology, value-added consulting services, integrated EPC delivery and Long Term Industrial Services to ensure consistent project 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.
For further information, please contact:
Investors Zac Nagle Vice President, Investor Relations +1-713-753-5082 Investors@kbr.com
Media Marit Babin Director, Global Communications & Government Relations +1-713-753-3800 Mediarelations@kbr.com
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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients. The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein. Source: KBR, Inc. via Globenewswire
Source: KBR, Inc.
Copyright ©2024 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
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