KBR Wins $48.5M U.S. Air Force Task Order for Optoelectronic Technology Research

Rhea-AI Summary

KBR won a $48.5 million recompete task order from the U.S. Air Force Research Laboratory for optoelectronic technology research, focusing on advanced electronic and photonic technologies. This five-year contract will take place in Dayton, Ohio, analyzing military and commercial devices, including lasers and detectors. KBR has supported this research since 2010 and has previously achieved 45 conference presentations and four patents through collaboration with the Air Force. The work aims to drive innovation across various military applications.

Positive

• Awarded a $48.5 million recompete task order by the U.S. Air Force, enhancing revenue streams.
• Partnership with Air Force has generated 45 conference presentations and four patents, indicating strong R&D capabilities.
• Long-term contract for five years promotes stability and continued engagement in optoelectronic technology.

Negative

• None.

HOUSTON, April 26, 2021 /PRNewswire/ -- KBR (NYSE: KBR) won a $48.5 million recompete to support optoelectronic technology research for the U.S Air Force Research Laboratory Sensors Directorate's Optoelectronic Technology Branch (RYDH). KBR will perform analyses of military and commercial developmental devices with emphasis on emerging electronic, plasmonic, electro-optic, and photonic technology.

These devices will include lasers, waveguides, detectors, and focal plane array. KBR will also perform analyses on materials, such as semiconductors, nonlinear crystals, and laser gain media; and more broadly, applications of the subject devices and materials. Applications for this research exist for nearly every airborne platform, including the F-35 Lightning II, spacecraft such as Wideband Global SATCOM and Global Positioning System satellites, as well as ground based and modular sensing packages.

"Our team will advance optoelectronic technology research through this recompete," said Byron Bright, KBR Global Government Solutions President. "We're excited to continue our collaborative relationship with RYDH, which has already produced 45 conference presentations and four patents awarded as a direct result of our ongoing work over the last five years."

KBR will perform this work over a five-year period in Dayton, Ohio. The Air Force's 774th Enterprise Sourcing Squadron awarded the cost-plus, fixed fee task order under the Department of Defense Information Analysis Center's Multiple Award Contract.

Since 2010, KBR has supported researching and developing laser systems for the Air Force's RYDH. KBR's expertise and agile approach allows it to rapidly produce high-quality research to drive state-of-the-art photonic and quantum substructure technologies and innovation. KBR's in-depth experience extends to high-efficiency laser materials and devices, optical fiber and waveguide confined light sources and multi-physics computer models of advanced laser systems.

About DoD IAC Program

The DoD IAC, sponsored by DTIC, provides technical data management and research support for DoD and federal government users. Established in 1946, the IAC program serves the DoD 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.

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.

FAQ

What is the value of the task order KBR received from the U.S. Air Force?

KBR received a task order valued at $48.5 million.

What is the focus of the research being conducted by KBR for the U.S. Air Force?

The research focuses on optoelectronic technology, including devices like lasers and detectors.

How long is the contract awarded to KBR by the U.S. Air Force?

The contract is for a duration of five years.

Where will KBR perform the work for the Air Force contract?

KBR will perform the work in Dayton, Ohio.

What previous achievements has KBR accomplished with the Air Force's RYDH?

KBR has achieved 45 conference presentations and four patents in collaboration with the Air Force.