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Friday, March 31, 2023

KBR (NYSE: KBR) Secure Two Contracts Worth More than $100M

KBR, Inc. (NYSE: KBR) disclosed that it has received two more contracts of more than $100 million to offer maintaining base operations services at U.S. military connections throughout the Middle East. KBR will obtain $67.4 million deal from Naval Facilities Engineering Systems Command Atlantic to offer important services to four Navy facilities in the UAE. The deal has one base year and seven option years.

The critical logistics services and processes support of KBR is a part of a tactical, continuing effort for the U.S. Navy and Air Force in this region. KBR will incorporate digital solutions into its business activities by leveraging market-leading asset management software and data analytics.

Furthermore, KBR will also obtain a task order with a projected value of $35 million from the U.S. Air Force Civil Engineer Center to execute the power production services at Prince Sultan Air Base in Saudi Arabia.  KBR will offer the resources required for power generation for the 378th Air Expeditionary Wing and join forces.

This task has been provided by Air Force through the Air Force Contract Augmentation Program V. KBR also offers vital, continuing base operations services to the U.S. armed forces across the middle east. The main strategy of KBR is to fosters a culture of safety and environmental sustainability on all of its projects intended to protect people and the planet.

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