Company Announcements

HOUSTON , Sept. 10, 2024 /PRNewswire/ -- KBR (NYSE: KBR) today announced that it has been awarded a contract to continue to deliver technical design services at HMAS Stirling by the Security and Estate Group and the Australian Submarine Agency. This work will support the sovereign nuclear-powered submarines facilities and infrastructure program, enabling the Submarine Rotational Force (SRF) – West, and accelerating Australia's ability to safely own, operate, maintain and sustain its own future nuclear powered submarine fleet.

Building on the design and construction work already underway, KBR will continue to integrate the unique capabilities of Frazer Nash Consultancy, a KBR company, to support a safety-led approach for nuclear technical solutions. KBR's expertise involves developing solutions for maritime infrastructure, low-level radioactive waste management, submarine maintenance support facilities, estate planning, digital integration and systems engineering requirements.

The new work at HMAS Stirling follows KBR's announcement that the company would provide concept design services for the new nuclear-powered submarine construction yard at Osborne in South Australia, which is critical to deliver the new SSN-AUKUS submarines to the Royal Australian Navy. 

"KBR's infrastructure, design, nuclear safety and systems experience will be the cornerstone for shaping the future capability required to build and sustain nuclear powered submarines," said Jay Ibrahim, President, KBR Sustainable Technology Solutions. "KBR is delighted to have been selected to undertake this incredibly important infrastructure work. The trust that has been placed in us is testament to our long history at HMAS Stirling and the world class capabilities that we can contribute to this critical national security endeavour."

KBR has been providing infrastructure design to the Security and Estate Group and the Royal Australian Navy at HMAS Stirling for several years through the Navy Capability Infrastructure Subprogram (NCIS) and Defence Fuels Transformation Program (DFTP). The company has also been working with Defence on its Nuclear-Powered Submarine program since late 2021.   

About KBR

We deliver science, technology and engineering solutions to governments and companies around the world. KBR employs approximately 36,000 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 future contractual and technological performance, 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.