KBR to Deliver Innovative Solutions in Support of UK Nuclear Infrastructure

HOUSTON, Sept. 29, 2022 /PRNewswire/ -- KBR (NYSE: KBR) announced today that it will be shaping innovative future solutions to critical UK nuclear infrastructure following a contract award that advances its support in the sector.

Through the three-year agreement, KBR will deliver expert project, program and portfolio support to UK Nuclear Waste Services (NWS), part of the UK's Nuclear Decommissioning Authority (NDA).

The contract will leverage KBR's decades of experience and growing domain knowledge of the nuclear energy sector, including the deep technical expertise provided by Frazer-Nash Consultancy, a wholly owned KBR subsidiary.

KBR will coordinate work across the Geological Disposal Facility program of work within NWS, including project management, communication and community engagement support, technical design, and digital and transformation strategy development.

"This work underlines our commitment to an ever-growing and increasingly important area of national critical infrastructure," said Paul Kahn, President of KBR's Government Solutions International business.

"It will leverage KBR's expanding capabilities in the UK, and it aligns with our mission to deliver innovative solutions that help our customers accomplish their most critical business objectives with safety and sustainability at the core."

KBR has been part of the nuclear energy landscape for more than half a century. In recent years, the company has significantly strengthened its presence in the sector, growing from less than 200 people supporting UK nuclear energy projects in 2020 to more than 850 in 2022 — all the time expanding its footprint and subsequent support of local communities across the UK.

KBR is a trusted delivery partner to clients in the nuclear energy sector. Enthusiastic teams work together across disciplines — including organizational transformation and integration, systems engineering, and program management — to deliver full life cycle solutions from concept through to operations and decommissioning.

We deliver science, technology and engineering solutions to governments and companies around the world. KBR employs approximately 28,000 people performing diverse, complex and mission critical roles in 34 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

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 and the company's ability to respond to the resulting challenges and business disruption; the recent dislocation of the global energy market; the company's ability to manage its liquidity; 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; changes in capital spending by the company's customers; 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; the possibility of cyber and malware attacks; 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.

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 discuss some of the important risk factors that the company has identified that may affect its business, results of operations and financial condition. 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.