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

Rhea-AI Summary

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.

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.

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.

View original content to download multimedia:https://www.prnewswire.com/news-releases/kbr-awarded-estimated-153-million-contract-supporting-naval-test-wing-atlantic-aircrew-services-302212511.html

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.