12/03/2019 | Press release | Distributed by Public on 12/03/2019 09:59
HOUSTON - December 3, 2019 - KBR's (NYSE: KBR) Government Solutions U.S. business has been selected by the Naval Information Warfare Systems Command (NAVWAR) to install shore-based command, control, communications, computer, intelligence, surveillance and reconnaissance (C4ISR) systems at locations worldwide.
NAVWAR chose KBR as one of eight awardees on the Shore Global C4ISR Installations multiple award indefinite-delivery/indefinite-quantity contract which has a maximum ceiling of $986 million and includes an initial five-year base plus a five-year option.
KBR is standing by to perform a range of services on this contract, including C4ISR maintenance, modernization and new system installation. These services can include decommissioning and modernization of existing shore facilities, program and project management, engineering designs and training as well as installation design and installation of integrated C4ISR systems.
'KBR is ready to ensure that the military has the necessary tools to keep its advantage on physical and virtual battlefields,' said Byron Bright, KBR President, U.S. Government Solutions. 'A modern, top line C4ISR infrastructure is essential to making real-time threat analysis that leads to actionable insight, reducing risk to valuable assets and people.'
KBR lends its wide breadth of knowledge and specialized services to U.S. and commercial customers in the intelligence and defense sector all over the world. The company's C4ISR expertise keeps U.S. defense programs connected, protected, and at the forefront of technology.
About KBR, Inc.
KBR is a global provider of differentiated professional services and technologies across the asset and program lifecycle within the Government Solutions and Energy sectors. KBR employs approximately 38,000 people worldwide (including our joint ventures), with customers in more than 80 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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