KBR Awarded $1.9B Contract to Plan, Train, Fly NASA Human Spaceflight Programs

Rhea-AI Summary

KBR has been awarded a $1.9 billion contract to support NASA's human spaceflight programs, including the International Space Station and Artemis. The contract includes mission planning, astronaut training, real-time flight execution, and software development services. The work will be performed at various agency locations and could potentially last for 9 years.

Positive

• KBR has been awarded a significant contract worth up to $1.9 billion for NASA's human spaceflight programs.
• The contract includes mission planning, astronaut training, real-time flight execution, and software development services.
• The contract has a base period of five years with two, two-year options, potentially lasting 9 years.

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• None.

HOUSTON, July 24, 2023 /PRNewswire/ -- KBR (NYSE: KBR) announced today it has been awarded a significant contract worth up to $1.9 billion for the continued support of NASA's human spaceflight programs, including the International Space Station, Artemis and Low Earth Orbit Commercialization.

Under the terms of Integrated Mission Operations Contract III (IMOC III), KBR will provide mission planning and preparation, astronaut and Mission Control Center flight controller training, real-time flight execution, and future exploration vehicle design and development services for all of NASA's human spaceflight programs as a part of NASA Johnson Space Center (JSC)'s Flight Operations Directorate. Additionally, KBR will aid software development services for the International Space Station Program Avionics and Software Office.

Work will be performed at various agency locations including JSC, Marshall Space Flight Center and Kennedy Space Center. This contract has a base period of five years with two, two-year options, potentially lasting 9 years.

The full suite of programs supported under this contract includes the International Space Station, Commercial Crew, Boeing Starliner, Orion, Space Launch System, Gateway, Human Lander System, Extravehicular Activity and Human Surface Mobility (lunar spacewalks), and Low Earth Orbit (LEO) Commercialization. This contract is a follow-on to IMOC II, which KBR has proudly supported for the past nine years.

"Having trained every astronaut, international partner and private astronaut how to live and work on every NASA human spaceflight vehicle in use today, KBR's expertise in human spaceflight is unparalleled," said Stuart Bradie, KBR President and CEO. "KBR does work that matters and we could not be more privileged to continue our support of returning humans to the moon and advancing the next generation of space exploration." 

KBR delivers unmatched domain expertise in human spaceflight spanning more than 55 years. To learn more about KBR's journey, visit KBR.com/space.

About KBR

We deliver science, technology and engineering solutions to governments and companies around the world. KBR employs approximately 32,000 people performing diverse, complex and mission-critical roles in 33 countries.

KBR is proud to work with its customers across the globe to provide technology, value-added services, and long-term operations and maintenance services to ensure consistent delivery with predictable results. At KBR, We Deliver. Visit www.kbr.com. 

Forward Looking Statements

The statements in this press release that are not historical statements, including statements regarding the company's performance under the Integrated Mission Operations Contract III, are forward-looking statements within the meaning of the federal securities laws. These statements are subject to numerous risks, uncertainties and assumptions, 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, uncertainties and assumptions include, but are not limited to, those set forth in the company'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, which discuss some of the important risks, uncertainties and assumptions that the company has identified that may affect its business, results of operations and financial condition. Due to such risks, uncertainties and assumptions, you are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof.  Except as required by law, the company undertakes no obligation to revise or update publicly any forward-looking statements for any reason.

For further information, please contact:

Investors
Jamie DuBray
Vice President, Investor Relations
713-753-5082
Investors@kbr.com

Media
Philip Ivy
Vice President, Global Communications and Marketing
713-753-3800
MediaRelations@kbr.com

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SOURCE KBR, Inc.

FAQ

What is the value of the contract awarded to KBR?

The contract is worth up to $1.9 billion.

What services will KBR provide under the contract?

KBR will provide mission planning, astronaut training, real-time flight execution, and software development services.

How long could the contract potentially last?

The contract has a base period of five years with two, two-year options, potentially lasting 9 years.