KBR Providing Rapid Prototyping Capability for NAVAIR with Estimated $88M Contract Win

Rhea-AI Summary

KBR has secured an estimated $88 million task order contract from the Department of Defense Information Analysis Center (DoD IAC). The five-year contract, primarily based at Naval Air Station Patuxent River, focuses on rapid prototyping of new technologies for unmanned aviation platforms. KBR will develop and integrate new technologies into existing platforms, mature designs into producible products, and demonstrate these technologies in realistic environments.

This recompete win builds on KBR's 15-year track record of supporting unmanned systems across all four UAS program offices, including platforms such as ExTUAS, MQ-4C Triton, MQ-9A Reaper, and MQ‑25A Stingray.

Positive

• Secured $88M contract with DoD IAC
• Five-year contract duration providing stable revenue stream
• Recompete win demonstrating strong customer relationship
• 15-year proven track record in unmanned systems

Negative

• None.

HOUSTON, Dec. 17, 2024 /PRNewswire/ -- KBR (NYSE: KBR) announced today it has been awarded an estimated $88M task order 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 774 Enterprise Sourcing Squadron to develop and create new knowledge for the enhancement of the Defense Technical Information Center (DTIC) repository and the research and development and science and technology community. The work, primarily located at Naval Air Station Patuxent River, will take place over a period of five years.

Under the terms of the contract, KBR will promote rapid prototyping of new technologies into unmanned aviation platforms and systems, demonstrating these new technologies in representative and realistic environments, and integrating new technologies into existing platforms. KBR will mature designs into producible and sustainable products.

"This recompete win demonstrates that KBR is entrusted to deliver high-end capabilities while implementing complex systems of systems integrations," said Byron Bright, President of Government Solutions U.S. "This task order epitomizes KBR's ability to grow work with current customers and increase value."

Over the past 15 years, KBR has maintained a presence in every fielded and developmental unmanned system at all four UAS program offices. The team has supported multiple platforms including Expeditionary Tactical UAS (ExTUAS), MQ-4C Triton, MQ-9A Reaper and MQ‑25A Stingray. 

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 37,000 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 demand, 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 DoD IAC contract?

KBR's new DoD IAC contract is valued at approximately $88 million and will span over a period of five years.

Where will KBR perform the work under the new $88M contract?

The work will be primarily performed at Naval Air Station Patuxent River.

What unmanned systems platforms has KBR supported in its portfolio?

KBR has supported multiple platforms including ExTUAS, MQ-4C Triton, MQ-9A Reaper, and MQ‑25A Stingray.

What specific services will KBR provide under the new DoD contract?

KBR will provide rapid prototyping of new technologies for unmanned aviation platforms, demonstrate these technologies in realistic environments, integrate new technologies into existing platforms, and mature designs into producible and sustainable products.

How long has KBR been involved in unmanned systems development?

KBR has maintained a presence in every fielded and developmental unmanned system at all four UAS program offices for over 15 years.