KBR Responds to Sunday Times Article

Rhea-AI Summary

KBR denies interest in acquiring Jacobs CMS business

HOUSTON, Aug. 21, 2023 /PRNewswire/ -- The Sunday Times included an article on August 20, 2023, which referenced KBR's (NYSE: KBR) potential interest in acquiring Jacobs Solution Inc.'s Critical Mission Solutions (CMS) business. In the ordinary course, KBR does not comment on market rumors; however, this article has generated significant inbound questions.

KBR has been clear about its capital deployment and strategic priorities. The Jacobs CMS business does not align with either and thus is not being pursued. KBR will continue to pursue opportunities that align with our shareholders' best interests. We wish Jacobs every success in exiting this piece of their portfolio.

About KBR
We deliver science, technology and engineering solutions to governments and companies around the world. KBR employs approximately 33,000 people performing diverse, complex and mission-critical roles in 33 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 expectations, 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.