HOUSTON, TX--(Marketwired - October 12, 2016) - KBR, Inc. (NYSE: KBR) announced today that its wholly owned U.S. Government Services subsidiary, KBRwyle, has been awarded one of five seats on the U.S. Naval Facilities Engineering Command, Pacific's (NAVFAC Pacific) Global Contingency Services Multiple Award Contract (GCSMAC) II. GCSMAC II is an eight year indefinite delivery indefinite quantity (IDIQ) multiple award contract.
Under this contract, KBRwyle will have the opportunity to compete on $900M in task orders in support of worldwide global contingency services for NAVFAC. Specifically, services will include short-term contingency Facility Support Contract/Base Operating Support (FSC/BOS) services with incidental construction in support of natural disasters, humanitarian efforts, the full range of military actions, and interruptions in services at various locations throughout the world.
"We are pleased to have the opportunity to further KBRwyle's long history providing contingency support solutions for the U.S. Navy through GCSMAC II," said Roger Wiederkehr, President, KBRwyle. "KBRwyle has successfully delivered mission critical projects for the U.S. military for decades. This win is a testament to our reputation for disciplined delivery, high customer satisfaction and unparalleled performance-often in the most austere environments," continued Wiederkehr.
As an incumbent on the Navy's GCSMAC I and its predecessor Construction Capabilities Contract (CONCAP), KBRwyle has successfully provided services for the U.S. Navy under these contract vehicles including supporting the 2005 Hurricane Katrina disaster relief effort. KBRwyle is currently operating in Poland supporting the U.S. Navy and Missile Defense Agency, providing Integrated Base Operations Support under a task order that was awarded under GCSMAC I.
As a major supporting contractor for the U.S. Department of Defense, KBRwyle is one of the only contractors to maintain a prime position on all major contingency multiple award task order contracts (MATOC) for the U.S. military including the U.S. Army's LOGCAP, the U.S. Navy's GCSMAC and GCCMAC, the U.S. Air Force's AFCAP and the USACE MED MATOC.
This is an IDIQ contract and expected revenue will be booked into backlog of unfilled orders for KBR's Government Services Business Segment as task orders are awarded throughout the contract period.
About KBR, Inc.
KBR is a global provider of differentiated professional services and technologies across the asset and program life cycle within the Hydrocarbons and Government Services Sectors. KBR employs over 31,000 people worldwide, with customers in more than 80 countries, and operations in 40 countries, across three synergistic global businesses:
- Government Services, serving government customers globally, including capabilities that cover the full life-cycle of defense, space, aviation and other government programs and missions from research and development, through systems engineering, test and evaluation, program management, to operations, maintenance, and field logistics
- Technology & Consulting, including proprietary technology focused on the monetization of hydrocarbons (especially natural gas and natural gas liquids) in ethylene and petrochemicals; ammonia, nitric acid and fertilizers; oil refining; gasification; oil and gas consulting; integrity management; naval architecture and proprietary hulls; and downstream consulting
- Engineering & Construction, including onshore oil and gas; LNG (liquefaction and regasification)/GTL; oil refining; petrochemicals; chemicals; fertilizers; differentiated EPC; maintenance services (Brown & Root Industrial Services); offshore oil and gas (shallow-water, deep-water, subsea); floating solutions (FPU, FPSO, FLNG & FSRU) and program management
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 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.