KBR Enhancing Digital Engineering for Future Tankers Programs with Estimated $113M Contract Win

Rhea-AI Summary

KBR has been awarded an estimated $113 million task order to perform aeronautical systems research, development, test and evaluation for the Air Force Life Cycle Management Center Mobility Directorate at Wright-Patterson Air Force Base, Ohio. The contract, spanning five years, was awarded under the Department of Defense Information Analysis Center's multiple-award contract vehicle.

Under this contract, KBR will provide program management analysis, engineering, logistics analysis, security and cybersecurity analysis, test and evaluation, and administrative analysis. The work will support the Future Tankers Program Office, informing programs such as Next Generation Air-refueling System (NGAS) development and the recapitalization of legacy tanker aircraft mission systems.

KBR's involvement aims to accelerate the U.S. Air Force's digital transformation journey, focusing on Digital Material Management (DMM) implementation to achieve cost and schedule savings while producing lower-risk and higher-confidence military systems with shorter timelines.

Positive

• KBR awarded a $113 million task order for aeronautical systems research and development
• Contract spans five years, providing stable revenue stream
• Supports U.S. Air Force's digital transformation journey
• Potential for cost and schedule savings through Digital Material Management implementation

Negative

• None.

HOUSTON, Sept. 24, 2024 /PRNewswire/ -- KBR (NYSE: KBR) announced it has been awarded an estimated $113 million task order to perform aeronautical systems research, development, test and evaluation for the Air Force Life Cycle Management Center Mobility Directorate (AFLCMC/WL) at Wright-Patterson Air Force Base, Ohio over a period of five years. KBR was awarded this contract under the Department of Defense Information Analysis Center's (DoDIAC) multiple-award contract (MAC) vehicle. These IAC MAC task orders (TOs) 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.

Under the terms of this new contract, KBR will provide program management analysis, engineering, logistics analysis, security and cybersecurity analysis, test and evaluation and administrative analysis. The team will review, update, create and coordinate various program-related products and documents necessary for the development and life cycle management of the Future Tankers Program Office (AFLCMC/WLY). This work will inform programs such as Next Generation Air-refueling System (NGAS) development and the future recapitalization of legacy tanker aircraft mission systems.

"KBR is proud to support this new task order and continue to accelerate the U.S. Air Force's digital transformation journey," said Stuart Bradie, KBR President and CEO. "This win is indicative of KBR's strategic commitment to be a leader in digital engineering initiatives and support defense modernization."

KBR's training will equip and foster a digital workforce to improve analysis and decision-making for successful Digital Material Management (DMM) implementation. KBR's DMM approach aims to allow the program to achieve cost and schedule savings while producing lower-risk and higher-confidence military systems with shorter timelines.

ABOUT DODIAC PROGRAM  

"The DoDIAC, 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 outcomes, 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 KBR's new contract with the U.S. Air Force?

KBR has been awarded an estimated $113 million task order for aeronautical systems research, development, test and evaluation for the Air Force Life Cycle Management Center Mobility Directorate.

How long is the duration of KBR's new contract?

The contract spans a period of five years.

What specific services will KBR provide under this new contract?

KBR will provide program management analysis, engineering, logistics analysis, security and cybersecurity analysis, test and evaluation, and administrative analysis for the Future Tankers Program Office.

How does this contract align with KBR's strategic goals?

This contract aligns with KBR's strategic commitment to be a leader in digital engineering initiatives and support defense modernization, particularly in accelerating the U.S. Air Force's digital transformation journey.