KBR Awarded Estimated $230M Contract Supporting Information Systems Modernization for NAVAIR

Rhea-AI Summary

KBR has been awarded an estimated $230 million cost-plus-fixed-fee recompete contract by the U.S. Air Force's 774th Enterprise Sourcing Squadron. The contract, under the Department of Defense Information Analysis Center's multiple-award contract vehicle, is for information systems modernization supporting Naval Air Systems Command (NAVAIR), Program Executive Office for Manpower, Logistics and Business Solutions (PEO MLB), and Commander, Fleet Readiness Centers (COMFRC).

The work will primarily be performed at Naval Air Station Patuxent River, Maryland, and Huntsville, Alabama, over a five-year period. KBR will provide optimized IT solutions across the NAVAIR enterprise, including research and development for real-time flight and maintenance information, deployable hosting solutions, and end-to-end testing of software releases and cybersecurity updates.

Positive

• Awarded a $230 million contract for information systems modernization
• Five-year contract duration provides stable revenue stream
• Expands KBR's presence in the naval aviation sector
• Demonstrates continued trust from the U.S. government as a long-term partner
• Reinforces KBR's expertise in complex distributed systems and IT solutions

Negative

• None.

News Market Reaction

+0.21%

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+0.21% News Effect

On the day this news was published, KBR gained 0.21%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

HOUSTON, Sept. 18, 2024 /PRNewswire/ -- KBR (NYSE: KBR) announced today it has been awarded an estimated $230 million cost-plus-fixed-fee recompete contract under the Department of Defense Information Analysis Center's (DoD IAC) multiple-award contract (MAC) vehicle. These DoD IAC MAC task orders are awarded by the U.S. Air Force's 774th Enterprise Sourcing Squadron to develop and create new knowledge for the enhancement of the DTIC repository and the R&D and S&T community. KBR will perform information systems modernization for Logistics Information Technology (LOG IT) programs supporting Naval Air Systems Command (NAVAIR), Program Executive Office for Manpower, Logistics and Business Solutions (PEO MLB) and Commander, Fleet Readiness Centers (COMFRC). The work will be primarily performed at Naval Air Station Patuxent River, Maryland and Huntsville, Alabama over a period of five years.  

Under the terms of the contract, KBR will provide optimized IT solutions across the NAVAIR enterprise. KBR's LOG IT team will perform research and development for data movement of real-time flight and maintenance information and publications, deployable hosting solutions for applications and a fleet representative environment in which to perform end-to-end testing of software releases, cybersecurity updates and refinement of business solutions for the maintenance and logistics environment. These essential in-service systems engineering, modernization, testing and sustainment capabilities will be delivered through the Joint Technical Data Integration (JTDI), the Joint Delivery Management Service (JDMS) and the Naval Air Systems Command Fleet System Array (NFSA) programs, which are the bedrock of current and future LOG IT operations.

"For the past 21 years, KBR has supported these and similar essential requirements as a trusted partner to the U.S. government," said Stuart Bradie, KBR President and CEO.  "We are proud to be selected again by NAVAIR to further demonstrate our ability to deliver high-end, technical capabilities while implementing and enabling large complex enterprise systems."

KBR deploys technical support and data transportation to over 83,000 users across U.S. Navy, Army, and Marine Corps units deployed ashore, afloat, and expeditionary environments. This award spotlights success with large, complex distributed systems, which enable mission accomplishment while maintaining a cost-conscious mindset. 

ABOUT THE DOD IAC PROGRAM

"The DoD IAC, sponsored by the Defense Technical Information Center, provides technical data management and research support for DoD and federal government users. Established in 1946, the IAC program serves the DoD science & technology (S&T) and acquisition communities to drive innovation and technological developments by enhancing collaboration through integrated scientific and technical information development and dissemination for the DoD and broader S&T community".

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 performance periods, contract values and future operations, 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 of the contract KBR (NYSE: KBR) was awarded for NAVAIR information systems modernization?

KBR was awarded an estimated $230 million cost-plus-fixed-fee recompete contract for information systems modernization supporting NAVAIR.

How long is the duration of KBR's (NYSE: KBR) contract for NAVAIR information systems modernization?

The contract awarded to KBR for NAVAIR information systems modernization has a duration of five years.

Where will KBR (NYSE: KBR) primarily perform the work for the NAVAIR contract?

KBR will primarily perform the work at Naval Air Station Patuxent River, Maryland, and Huntsville, Alabama.

What specific programs will KBR (NYSE: KBR) support under the NAVAIR contract?

KBR will support the Joint Technical Data Integration (JTDI), Joint Delivery Management Service (JDMS), and Naval Air Systems Command Fleet System Array (NFSA) programs.