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KBR Awarded Estimated $153 Million Contract Supporting Naval Test Wing Atlantic Aircrew Services

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KBR has been awarded a $153 million cost-plus-fixed-fee recompete contract to support Naval Test Wings Atlantic and Pacific Aircrew Services over a five-year period. The work will primarily be performed at Naval Air Station (NAS) Patuxent River, Maryland, with additional support at NAS Pt. Mugu and NAS China Lake in California.

Under the contract, KBR will provide aircrew services, engineering technical services, independent analysis, and technical support to the Naval Test Wing air vehicles test mission. This includes support for seven developmental test squadrons, their platform coordination offices, and the United States Naval Test Pilot School.

KBR's extensive experience in aircrew services and flight test support, spanning over 45 years, positions the company as a leader in naval aviation support. The company operates one of the largest independent flight test organizations in the United States.

KBR è stata premiata con un contratto di ricontrattazione a costo plus fisso di 153 milioni di dollari per supportare i Servizi per l'Equipaggio Aereo delle Naval Test Wings Atlantic e Pacific per un periodo di cinque anni. Il lavoro sarà principalmente svolto presso la Naval Air Station (NAS) Patuxent River, Maryland, con ulteriore supporto presso NAS Pt. Mugu e NAS China Lake in California.

In base al contratto, KBR fornirà servizi per l'equipaggio aereo, servizi tecnici di ingegneria, analisi indipendenti e supporto tecnico alla missione di test dei veicoli aerei delle Naval Test Wing. Questo include supporto per sette squadroni di test di sviluppo, i loro uffici di coordinamento della piattaforma e la United States Naval Test Pilot School.

Con oltre 45 anni di esperienza nei servizi per l'equipaggio aereo e nel supporto ai test di volo, KBR si posiziona come leader nel supporto all'aviazione navale. L'azienda gestisce una delle più grandi organizzazioni indipendenti di test di volo negli Stati Uniti.

KBR ha sido adjudicada un contrato de recompra de 153 millones de dólares a costo más tarifa fija para brindar apoyo a los Servicios de Tripulación Aérea de las Alas de Prueba Naval Atlántico y Pacífico durante un período de cinco años. El trabajo se llevará a cabo principalmente en la Estación Aérea Naval (NAS) Patuxent River, Maryland, con apoyo adicional en NAS Pt. Mugu y NAS China Lake en California.

Según el contrato, KBR proporcionará servicios de tripulación aérea, servicios técnicos de ingeniería, análisis independientes y apoyo técnico a la misión de prueba de vehículos aéreos de las Alas de Prueba Naval. Esto incluye apoyo para siete escuadrones de prueba de desarrollo, sus oficinas de coordinación de plataformas y la Escuela de Pilotos de Prueba Naval de los Estados Unidos.

Con más de 45 años de experiencia en servicios de tripulación aérea y apoyo a pruebas de vuelo, KBR se posiciona como un líder en el apoyo a la aviación naval. La empresa opera una de las organizaciones independientes de prueba de vuelo más grandes de los Estados Unidos.

KBR은 약정 고정비용 방식으로 1억 5천 3백만 달러 규모의 재계약 계약을 체결하여 대서양 및 태평양 해군 시험 비행대의 항공 승무원 서비스를 지원합니다. 이 작업은 주로 메릴랜드주 팟턱센트 리버 해군 항공 기지(NAS)에서 수행되며, 캘리포니아주 NAS Pt. Mugu 및 NAS China Lake에서도 추가 지원이 이루어질 것입니다.

계약에 따라 KBR은 항공 승무원 서비스, 공학 기술 서비스, 독립 분석 및 기술 지원을 해군 시험 비행의 항공기 시험 임무에 제공합니다. 여기에는 7개의 개발 시험 비행대, 해당 플랫폼 조정 사무소 및 미국 해군 시험 파일럿 학교 지원이 포함됩니다.

KBR은 45년 이상의 항공 승무원 서비스 및 비행 시험 지원 경험을 통해 해군 항공 지원 분야에서 선두주자로 자리 잡고 있습니다. 이 회사는 미국에서 가장 큰 독립 비행 시험 기관 중 하나를 운영하고 있습니다.

KBR a été récompensée par un contrat de recompétition de 153 millions de dollars à coût majoré et à tarif fixe pour soutenir les services d'équipage aérien des Naval Test Wings Atlantic et Pacific sur une période de cinq ans. Le travail sera principalement effectué à la Naval Air Station (NAS) Patuxent River, Maryland, avec un soutien supplémentaire à NAS Pt. Mugu et NAS China Lake en Californie.

Dans le cadre de ce contrat, KBR fournira des services d'équipage, des services techniques d'ingénierie, une analyse indépendante et un soutien technique à la mission de test des aéronefs des Naval Test Wing. Cela inclut le soutien à sept escadrons de test de développement, leurs bureaux de coordination de plateforme et l'École des pilotes d'essai de la Marine des États-Unis.

Avec plus de 45 ans d'expérience dans les services d'équipage aérien et le support de test de vol, KBR se positionne comme un leader dans le soutien à l'aviation navale. L'entreprise opère l'une des plus grandes organisations indépendantes de tests de vol aux États-Unis.

KBR wurde ein 153 Millionen Dollar teurer Vertragsvertrag auf Kostenbasis mit festem Honorar für die Unterstützung der Naval Test Wings Atlantic und Pacific Aircrew Services über einen Zeitraum von fünf Jahren verliehen. Die Arbeiten werden hauptsächlich an der Naval Air Station (NAS) Patuxent River, Maryland durchgeführt, mit zusätzlicher Unterstützung an NAS Pt. Mugu und NAS China Lake in Kalifornien.

Im Rahmen des Vertrags wird KBR Flugbesatzungsdienste, technische Ingenieurdienstleistungen, unabhängige Analysen und technische Unterstützung für die Testmission der Luftfahrzeuge des Naval Test Wing bereitstellen. Dazu gehört die Unterstützung von sieben Entwicklungsprüfungsgeschwadern, deren Plattform-Koordinierungsbüros und der United States Naval Test Pilot School.

Mit über 45 Jahren Erfahrung in den Bereichen Flugbesatzungsdienste und Flugtestunterstützung positioniert sich KBR als führend in der Unterstützung der Marine-Luftfahrt. Das Unternehmen betreibt eine der größten unabhängigen Flugtestorganisationen in den Vereinigten Staaten.

Positive
  • Awarded a $153 million contract over five years
  • Recompete contract, indicating continued trust from the U.S. Navy
  • Expands KBR's presence in naval aviation support
  • Leverages KBR's 45+ years of experience in aircrew services and flight test support
Negative
  • None.

The $153 million contract awarded to KBR is a significant win, representing a stable revenue stream over the next five years. This recompete contract demonstrates KBR's strong position in the defense sector and its ability to retain valuable government contracts. The cost-plus fixed fee structure provides some protection against cost overruns, potentially ensuring stable margins.

However, investors should note that this contract, while substantial, represents only a fraction of KBR's annual revenue, which was $6.56 billion in 2022. The impact on the company's overall financial performance may be . The contract's focus on high-value services like aircrew and engineering support aligns with KBR's strategy to prioritize higher-margin government solutions, which could positively influence profitability in the long term.

This contract win underscores KBR's strong positioning in the naval aviation support sector. With over 45 years of experience in aircrew services and flight test support, KBR has built a competitive moat that's difficult for new entrants to challenge. The company's unique ability to provide Test Pilot School graduates with developmental test experience is a key differentiator.

The contract's scope, covering both Atlantic and Pacific Naval Test Wings, indicates KBR's broad reach within the U.S. Navy's testing infrastructure. This extensive involvement not only secures current revenue but also positions KBR favorably for future contracts and potential expansions in the naval aviation sector. However, the defense budget's susceptibility to political fluctuations remains a long-term risk factor for companies heavily reliant on government contracts.

HOUSTON, Aug. 5, 2024 /PRNewswire/ -- KBR (NYSE: KBR) announced it has been awarded an estimated $153 million cost plus fixed fee recompete contract to support Naval Test Wings Atlantic and Pacific Aircrew Services over a five-year period. The work will be performed primarily at Naval Air Station (NAS) Patuxent River, Maryland, but also at NAS Pt. Mugu, California, and NAS China Lake, California.

Under the terms of the contract, KBR will provide aircrew services, engineering technical services, independent analysis and technical support to the Naval Test Wing air vehicles test mission. This unit includes seven developmental test squadrons, their platform coordination offices and local commands, including the United States Naval Test Pilot School. Services under the contract include application of knowledge and expertise in the fields of test and evaluation, air vehicle operation and ground operations.

"KBR builds upon our more than forty-five years of aircrew services and flight test support to the U.S. Navy," said Byron Bright, President of Government Solutions U.S. "This strategic win solidifies KBR's commitment to bring unmatched capability and expertise to naval aviation."

KBR operates one of the most extensive independent flight test organizations in the United States, both in scale and capabilities. The company has the unique ability to provide Test Pilot School graduates with developmental test experience to enhance aircrew services and flight test support within the Department of Defense.

About KBR

We deliver science, technology and engineering solutions to governments and companies around the world. KBR employs approximately 36,000 people worldwide with customers in more than 80 countries and operations in over 30 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 future contractual performance, 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.

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SOURCE KBR, Inc.

FAQ

What is the value and duration of KBR's new contract with Naval Test Wings?

KBR (NYSE: KBR) has been awarded an estimated $153 million cost-plus-fixed-fee contract to support Naval Test Wings Atlantic and Pacific Aircrew Services over a five-year period.

Where will KBR perform the work for the Naval Test Wings contract?

The work will be performed primarily at Naval Air Station (NAS) Patuxent River, Maryland, with additional support at NAS Pt. Mugu and NAS China Lake in California.

What services will KBR provide under the Naval Test Wings contract?

KBR will provide aircrew services, engineering technical services, independent analysis, and technical support to the Naval Test Wing air vehicles test mission, including support for seven developmental test squadrons and the United States Naval Test Pilot School.

How long has KBR been providing aircrew services and flight test support to the U.S. Navy?

KBR has been providing aircrew services and flight test support to the U.S. Navy for more than 45 years.

KBR, Inc.

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