HOUSTON, Sept. 17, 2018 /PRNewswire/ -- KBR, Inc. (NYSE:
KBR) announced today that its global government services business,
KBRwyle, has been awarded a contract to study the future of
commercial enterprise in low-Earth orbit (LEO), including
long-range opportunities for the International Space Station (ISS).
NASA selected KBRwyle as one of thirteen contract awardees.
KBRwyle will assess the potential growth of a LEO market and how
to offer affordable access to LEO. It will also analyze how to
foster demand for commercial and government use of LEO platforms
and capabilities. KBRwyle will study specific industry concepts
like the viability of habitable platforms including the space
station and separate free-flying structures.
KBRwyle will also provide NASA with recommendations on the role
of the government and the space station in developing and growing a
commercial economy in LEO.
According to NASA, the findings from these studies will help it,
the administration and Congress develop a strategic approach to
growing opportunities for American industry. The application of
these results will expand access to LEO and stimulate a vibrant and
competitive industrial base for continued U.S. leadership in
space.
"KBRwyle has been at the forefront of U.S. space exploration for
the last 50 years," said Byron
Bright, President, KBR Government Services U.S. "We look
forward to applying our expertise to these studies, working to
profoundly impact the future of space exploration and shape
tomorrow's space economy."
KBRwyle has worked with every U.S. astronaut since 1968 and has
provided critical support to the ISS during design, construction
and almost 18 years of continuous crewed operations. It operates at
eleven NASA centers and facilities and supports work in the areas
of space technology, aeronautics, science, and human exploration
and operations. KBRwyle is a leading space industry services
provider supporting the civil, military and commercial space
segments.
Estimated revenue associated with this contract award will be
booked into the backlog of unfilled orders for KBR's Government
Services business segment.
About KBR, Inc.
KBR is a global provider of
differentiated professional services and technologies across the
asset and program life cycle 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:
- 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, 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 and gasification
- Hydrocarbons Services, 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); program management and
consulting services
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.
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 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.