KBR to supply research and analytics to U.S. military with $62 million order
HOUSTON, April 14, 2022 /PRNewswire/ — KBR (NYSE:KBR) has received a $62 millionfive-year task order to provide design-to-completion development, test, engineering, and analysis services for the U.S. Army’s Program Executive Office (PEO) missiles and space , the Tactical Aviation and Land Ordnance Project Office, and the Strategic and Operational Rocket and Missile Project Office (STORM).
KBR was awarded this task order under the DoD Information Analysis Center (IAC) Multiple Award Contract (MAC) vehicle. The USAF 774th Enterprise Sourcing Squadron assigned these DoD IAC MAC Task Orders to develop and create new knowledge for the enhancement of the Defense Technical Information Center repository as well as research and development communities and science and technology (S&T). KBR has been serving PEO Missiles and Space for over 20 years.
“KBR is proud to continue to work with the military to meet the strategic and operational requirements of our soldiers and allies,” said Byron Bright, President of KBR Government Solutions. “We have supported PEO Missiles and Space through many mission challenges and look forward to maintaining this relationship.”
The company will perform these functions at Red Stone Arsenal in Huntsville, Alabama.
KBR is proud to be a leader in advancing air, space, cyber, and missile defense systems for the U.S. military. For more than 35 years, KBR has supported US military air and missile defense systems. The company drives innovation by combining engineering, technical and scientific expertise with its full lifecycle capabilities, mission knowledge and forward-looking technologies. Known for excelling in complex and extreme environments, KBR is trusted to overcome the nation’s most pressing challenges.
About the DoD IAC Program
The DoD IAC, sponsored by the Defense Technical Information Center, provides technical data management and research support for DoD and federal government users. Established in 1946, the IAC program serves the DoD S&T and acquisition communities to drive innovation and technology developments by enhancing collaboration through the integrated development and dissemination of scientific and technical information for the DoD and the community. S&T in the broad sense.
We provide science, technology and engineering solutions to governments and businesses around the world. KBR employs approximately 28,000 people performing diverse, complex and critical roles in 34 countries.
KBR is proud to work with customers around the world to provide technology, value-added services, and long-term operation and maintenance services to ensure consistent delivery with predictable results. At KBR, we deliver.
Statements in this press release that are not historical statements, including statements regarding future financial performance, are forward-looking statements within the meaning of federal securities laws. These statements are subject to numerous risks and uncertainties, many of which are beyond the company’s control and 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: material adverse impacts on economic and market conditions from the COVID-19 pandemic and the company’s ability to respond to resulting business challenges and disruptions; the recent dislocation of the global energy market; the company’s ability to manage its cash; results and publicity surrounding audits and investigations by domestic and foreign government agencies and legislative bodies; potential adverse proceedings by such agencies and the potential adverse results and consequences of such proceedings; changes in capital expenditures by the company’s customers; the company’s ability to obtain contracts from existing and new customers and to execute on those contracts; structural changes in the industries in which the company operates; escalating costs associated with completing fixed-price projects and the company’s ability to control its costs under its contracts; claims negotiations and contractual 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 governmental regulations and regulatory requirements; compliance with income tax laws; unstable political conditions, war and the effects of terrorism; foreign operations and exchange rates and controls; the development and installation of financial systems; the possibility of cyberattacks and malware; increased competition for employees; the ability to complete and integrate acquisitions; and the activities 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, all subsequent Forms 10-Q and 8-K, and other filings with the United States Securities and Exchange Commission discuss some of the material risk factors that the company has identified and which may affect its business, results of operations and financial condition. Except as required by law, the Company undertakes no obligation to publicly revise or update any forward-looking statements for any reason.
This material is based on work supported by the DoD Information Analysis Center Program (DoD IAC), sponsored by the Defense Technical Information Center under contract number FA8075-18-D-0015.
Public release authorized, distribution unlimited. Any opinions, findings, and conclusions or recommendations expressed in this document are those of the authors and do not necessarily reflect the views of the DoD.
SOURCE KBR, Inc.