KBR to Sustain Critical U.S. Air Force Landing Systems with $58.1M Recompete
KBR (NYSE: KBR) has secured a follow-on task order worth $58.1 million to offer sustainment engineering services for U.S. Air Force systems under the Digital Directorate's ATCALS Sustainment Branch. This task order involves research and analysis on various aspects such as reliability, obsolescence, and system sustainability to enhance critical Air Force landing and navigational systems. The contract will be executed over the next five years and continues KBR's partnership with the Air Force since 2005, focusing on boosting reliability and maintainability of warfighter systems.
- Secured a follow-on task order worth $58.1 million.
- Continues a longstanding partnership with the U.S. Air Force since 2005.
- Focus on enhancing the reliability and maintainability of critical Air Force systems.
- None.
HOUSTON, June 23, 2021 /PRNewswire/ -- KBR (NYSE: KBR) won a follow-on
Under the task order, KBR will conduct research and analysis on reliability, obsolescence, non-destructive inspection and non-destructive testing techniques, system degradation, structures, corrosion, and system sustainability. These efforts will identify impacts, improvements, alternate solutions, and more efficient methods and techniques to sustain critical Air Force landing, navigational, radar and air traffic systems.
"We're excited to continue to provide our sustainment engineering expertise to the ATCALS Sustainment Branch," said Byron Bright, KBR Government Solutions President. "We will continue our important work with the U.S. Air Force to increase the reliability and maintainability of warfighter systems."
The Air Force Installation Contracting Center's 774 Enterprise Sourcing Squadron awarded the cost-plus-fixed-fee task order through the DoD Information Analysis Center's Multiple Award Contract (IAC), an indefinite delivery, indefinite quantity vehicle for complex, integrated professional projects. KBR will carry out these duties in Oklahoma as well as other locations over the next five years. The company has performed similar tasking for the Air Force since 2005.
KBR provides scientific, engineering and technical solutions to advance defense and national security interests on land, at sea, in the air, space and cyberspace. Areas of expertise include acquisition, systems engineering and integration, AI and machine learning, assured microelectronics, C5ISR, research and development, test and evaluation, space situational awareness, missile defense and directed energy. KBR also provides the DoD with one of the largest independent flight test organizations in the world.
About DoD IAC Program
The DoD IAC, sponsored by 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 and 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 29,000 people worldwide with customers in more than 80 countries and operations in 40 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 Statement
The statements in this press release that are not historical statements, including statements regarding future financial performance, are forward-looking statements within the meaning of the federal securities laws. These statements are subject to numerous risks and uncertainties, 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 and uncertainties include, but are not limited to: the significant adverse impacts on economic and market conditions of the COVID-19 pandemic; the company's ability to respond to the challenges and business disruption presented by the COVID-19 pandemic; the recent dislocation of the global energy market; the company's ability to realize cost savings and efficiencies relating to the streamlining of its Energy Solutions business; the company's ability to manage its liquidity; the company's ability to continue to generate anticipated levels of revenue, profits and cash flow from operations during the COVID-19 pandemic and any resulting economic downturn; the outcome of and the publicity surrounding audits and investigations by domestic and foreign government agencies and legislative bodies; potential adverse proceedings by such agencies and potential adverse results and consequences from such proceedings; the scope and enforceability of the company's indemnities from its former parent; changes in capital spending by the company's customers, including as a result of the COVID-19 pandemic; the company's ability to obtain contracts from existing and new customers and perform under those contracts; structural changes in the industries in which the company operates; escalating costs associated with and the performance of fixed-fee projects and the company's ability to control its cost under its contracts; claims negotiations and contract disputes with the company's customers; changes in the demand for or price of oil and/or natural gas; protection of intellectual property rights; compliance with environmental laws; changes in government regulations and regulatory requirements; compliance with laws related to income taxes; unsettled political conditions, war and the effects of terrorism; foreign operations and foreign exchange rates and controls; the development and installation of financial systems; increased competition for employees; the ability to successfully complete and integrate acquisitions; and operations of joint ventures, including joint ventures that are not controlled by the company.
KBR'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 discuss some of the important risk factors that KBR has identified that may affect the business, results of operations and financial condition. Except as required by law, KBR undertakes no obligation to revise or update publicly any forward-looking statements for any reason.
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SOURCE KBR, Inc.
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