KBR Wins Top NASA Awards Valuing Small Business Partnerships

HOUSTON, June 10, 2020 /PRNewswire/ -- KBR (NYSE: KBR) announced today it won multiple prestigious NASA awards for its work with the agency's small business programs in 2019. KBR received the Mentor-Protégé Agreement of the Year for the Agency-level NASA Small Business Industry Awards. NASA also honored KBR as the Large Business Prime Contractor of the Year for the Center-level NASA Small Business Industry Awards.

"KBR values its small business partners and recognizes our combined efforts will forge the future of space exploration, scientific discovery and aeronautics research," said Byron Bright, President, KBR Government Solutions U.S.

"Pioneering space is a collaborative effort. KBR works with high-performing small businesses to reach for the stars and beyond," said Bright.

NASA honored KBR as the recipient of the Mentor-Protégé Agreement of the Year, recognizing the company as the agency's best overall mentor-protégé agreement.

Nominated by Johnson Space Center (JSC), KBR received the award for its mentorship of JES Tech, a woman-owned small business. As part of its three-year agreement, KBR provides JES Tech with guidance in occupational medicine and health, environmental laboratory services, quality management, job architecture, business development and other areas.

At JSC, KBR also supports spaceflight operations development, preparation and execution; mission systems support; and human spaceflight activities. KBR experts staff flight discipline consoles in the Mission Control Center and assist with a broad spectrum of operations for NASA's current human spaceflight program.

KBR received the Large Business Prime Contractor of the Year award at Ames Research Center (ARC) for its overall contract performance, participation in NASA-related outreach events, sound small business practices and use of small business contractors. KBR's services at ARC include scientific research, technology and application development and program management solutions.

"This year's winners are dynamic individuals and companies that provide unparalleled support to the agency, and thankfully they are the tip of the iceberg," said NASA's Associate Administrator of the Office of Small Business Programs Glenn Delgado in a recent NASA story. "The small business community is overflowing with exceptional companies that are reaching new heights with creativity and innovation."

Last year, NASA also recognized KBR for its work with the small business community. KBR won the 2018 Mentor-Protégé Agreement of the Year at the agency-level, and the Large Business Prime Contractor of the Year at the center-level at both JSC and Goddard Space Flight Center.

KBR has provided mission-critical space support services to NASA and other customers for more than 60 years. It currently operates at 11 NASA centers and facilities and is one of the world's largest human spaceflight support organizations. Known for excelling in complex and extreme environments, KBR provides engineering solutions for the needs of today and tomorrow, safely and efficiently.

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 37,000 people worldwide (including our joint ventures), with customers in more than 80 countries, and operations in 40 countries, across three synergistic global businesses:

    --  Government Solutions, serving government customers globally, including
        capabilities that cover the full lifecycle 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 Solutions, featuring proprietary technology, equipment,
        catalysts, digital solutions and related technical services for the
        monetization of hydrocarbons, including refining, petrochemicals,
        ammonia and specialty chemicals, as well as inorganics
    --  Energy Solutions, 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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