2013 Press Releases

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05/15/13KBR Dividend Declaration
HOUSTON--(BUSINESS WIRE)--May. 15, 2013-- KBR Inc. (NYSE:KBR) announced today that its Board of Directors has declared a quarterly cash dividend of eight cents ($0.08) per share on the company’s common stock, payable July 15, 2013, to shareholders of record at the close of business on June 14, 2013. KBR is a global engineering, construction and services company supporting the energy, hydrocarbon, power, industrial, civil infrastructure, mi... 
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05/13/13KBR Wins Police Facilities Management Integrator Services Contract
HOUSTON--(BUSINESS WIRE)--May. 13, 2013-- KBR (NYSE:KBR) announced today that it has been awarded a contract by the London Mayor’s Office for Policing and Crime to provide facilities management integrator services to the Metropolitan Police Service. The contract, awarded after a competitive process, includes procuring, managing and auditing the facilities management supply chain on behalf of the Metropolitan Police Service. KBR will also design a... 
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05/07/13KBR Awarded Turnaround Services Contract on Gulf Coast
HOUSTON--(BUSINESS WIRE)--May. 7, 2013-- KBR (NYSE: KBR) today announced it has been awarded a contract by a leading chemical company on the Gulf Coast to provide turnaround services for its pyrolysis gasoline (pygas) unit. KBR will conduct services as the general contractor to perform regulatory maintenance, mechanical fixed equipment, piping systems, electrical and instrumentation services for the pygas unit, as well as all aspects of ev... 
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05/06/13KBR Awarded Alliance Contract for Australian Road and Rail Project
HOUSTON--(BUSINESS WIRE)--May. 6, 2013-- KBR (NYSE: KBR) today announced that it has been selected by VicRoads, in an alliance agreement with John Holland, Metro Trains Melbourne and Public Transport Victoria, to provide engineering design services for the US$145 million Mitcham Road and Rooks Road Rail Separation Project located in Victoria, Australia. KBR’s design services include preliminary design, detailed engineering design and technical advice ... 
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04/30/13KBR to Provide Construction Services for Next Generation Global Nylon Production Facility
HOUSTON--(BUSINESS WIRE)--Apr. 30, 2013-- KBR (NYSE: KBR) today announced it was awarded a contract by INVISTA, a global nylon producer, to provide construction services for their next-generation manufacturing technology production facility located in Orange, Texas. Under the contract, KBR will provide pre-construction and multi-discipline construction services for mechanical, equipment settings, structural steel, electrical and instrument... 
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04/29/13KBR Building Group Awarded Design-Build Contract for New Aircraft Manufacturing Facility in Red Oak, Texas
HOUSTON--(BUSINESS WIRE)--Apr. 29, 2013-- KBR (NYSE: KBR) announced today that KBR Building Group has been awarded a contract by Triumph Aerostructures — Vought Aircraft Division, a subsidiary of Triumph Group,Inc., to design and construct a new manufacturing facility in Red Oak, Texas. The 730,000-square-foot assembly and composites fabrication facility will manufacture integrated aerostructures for commercial, military and business jet a... 
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04/25/13KBR Announces First Quarter 2013 Results
Earnings per diluted share of $0.59 Operating income up 19% year-over-year Operating income margin up 156 basis points year-over-year Cash and equivalents of $904 million at March 31, 2013 2013 earnings per diluted share guidance remains $2.45 to $2.90 HOUSTON--(BUSINESS WIRE)--Apr. 25, 2013-- KBR (NYSE:KBR) announced today that first quarter 2013 net income attrib... 
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04/17/13KBR to Provide Integrated Technology, Engineering, Procurement and Construction Services for World-Scale Grassroots Ammonia Plant
HOUSTON--(BUSINESS WIRE)--Apr. 17, 2013-- KBR (NYSE: KBR) today announced it has been awarded a contract by Incitec Pivot Limited’s US business, Dyno Nobel, to provide engineering, procurement and construction (EPC) services, as well as technology licensing and equipment for an ammonia plant to be built in Waggaman, La. The contract award is valued at approximately $600 million. This award also builds upon KBR’s portfolio of solid construction execution,... 
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04/11/13KBR to Conduct Turnaround Services for Suncor Energy’s Refinery in Edmonton, AB, Canada
HOUSTON--(BUSINESS WIRE)--Apr. 11, 2013-- KBR (NYSE: KBR) today announced it has been awarded a three-year agreement to provide turnaround services for Suncor Energy’s refinery in Edmonton, AB, Canada. KBR will assist with turnaround planning review, maintenance, pipe fabrication and long-term execution plans for the Suncor Edmonton refinery. “We are pleased to have been selected by Suncor and look forward to building on our long-standing ... 
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04/08/13KBR and Yokogawa Electric Corporation Announce Ammonia Technology Alliance
HOUSTON--(BUSINESS WIRE)--Apr. 8, 2013-- KBR (NYSE: KBR) and Yokogawa Electric Corporation today announced the formation of a new alliance in which KBR will supply a fertilizer automation package as part of its ammonia process technology solutions to customers worldwide. This solution complements KBR’s industry-leading ammonia portfolio of process licenses, basic engineering design package, proprietary equipment and catalyst supply. The fe... 
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04/04/13KBR Awarded Subsea 7 Topsides Contract for Chevron Lianzi Offshore Project
HOUSTON--(BUSINESS WIRE)--Apr. 4, 2013-- KBR (NYSE: KBR) today announced that it was selected by Subsea 7 to perform the topsides design for the Chevron Lianzi development project in a unitized offshore zone between the Republic of Congo and the Republic of Angola. KBR will provide laser scanning of the entire Benguela Belize Lobito Tomboco topsides, FEED verification, detailed engineering and procurement services. The topsides design will... 
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04/03/13KBR Receives Gold Corporate Partner Status Award from the Institution of Chemical Engineers
HOUSTON--(BUSINESS WIRE)--Apr. 3, 2013-- KBR (NYSE: KBR) announced today that it has been named as Institution of Chemical Engineers (IChemE’s) newest Gold Corporate Partner. This award recognizes KBR’s long standing commitment and leadership to the chemical engineering industry. IChemE is the global professional membership organization representing the Chemical Engineering industry and the only organization to award chartered status to su... 
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04/02/13KBR Wins Fabrication Award for First Canadian Oil Sands Carbon Capture and Storage Project in Alberta, Canada
HOUSTON--(BUSINESS WIRE)--Apr. 2, 2013-- KBR (NYSE: KBR) announced today that Shell Canada Energy has selected KBR to perform off-site modularization and pipe fabrication at their Edmonton Module Facility. This historic project will use Shell Quest Carbon Capture and Storage (CCS) technologies to reduce CO2 emissions at Shell’s Upgrader which upgrades oil originating from Shell’s Athabasca Oil Sands operations. This technology will reduce greenhou... 
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04/01/13KBR 2013 First Quarter Earnings Conference Call
HOUSTON--(BUSINESS WIRE)--Apr. 1, 2013-- KBR Inc. (NYSE:KBR) announced today it will host a conference call to discuss its 2013 first quarter financial results on Friday, April 26, 2013, at 8:00 AM Central Time (9:00 AM Eastern Time). The company plans to issue its earnings release for the first quarter of 2013 after the close of the New York Stock Exchange on Thursday, April 25, 2013, in advance of the call. The call is being webcast by Thomson ... 
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03/11/13KBR Selected to Execute Recovery Boiler Inspection and Repair for Project in Jesup, Ga.
HOUSTON--(BUSINESS WIRE)--Mar. 11, 2013-- KBR (NYSE:KBR) announced today that it was awarded a contract to inspect and repair a large recovery boiler in Jesup, Ga. KBR will perform project management and field construction services during the inspection and repair of the recovery boiler. The work will increase efficiency and production at the facility. Services are scheduled for completion early Summer 2013 during the plant outage. ... 
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03/07/13KBR Awarded Project Management Contract for Front End Engineering Design Phase of Grassroots Plant in Azerbaijan
HOUSTON--(BUSINESS WIRE)--Mar. 7, 2013-- KBR (NYSE: KBR) today announced it was awarded a contract by the State Oil Company of the Azerbaijan Republic (SOCAR) to provide PMC services for the FEED Phase of the Gas Processing Plant (GPP) within the new Oil-Gas Processing and Petrochemical Complex (OGPC) in Azerbaijan. This award marks the first direct engagement between SOCAR and KBR on a large world-scale capital project. KBR will build upon i... 
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03/06/13KBR Announces Appointment of Group President
HOUSTON--(BUSINESS WIRE)--Mar. 6, 2013-- KBR (NYSE: KBR) today announced that Andrew “Andy” Summers will join the company as Group President of KBR’s Infrastructure, Government and Power business group in early April and will report to William P. Utt, Chairman, President and Chief Executive Officer. Summers’ appointment reflects the importance of KBR’s strategic course to deliver best-of-class customer service and execution performance that ... 
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03/05/13KBR to Provide Licensing, Basic Engineering Package and Proprietary Equipment for New Ammonia Plant in Sulawesi, Indonesia
HOUSTON--(BUSINESS WIRE)--Mar. 5, 2013-- KBR (NYSE: KBR) today announced it was selected by PT Panca Amara Utama (PAU) to provide licensing, engineering services and proprietary equipment for a new grassroots ammonia plant in Sulawesi, Indonesia. PAU’s plan for a world scale grassroots plant with Ammonia capacity of 2000 Metric tonnes per day, will be built by Toyo Engineering Corporation and will be designed using KBR’s Reforming Exchanger S... 
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03/04/13KBR Awarded Task Order Under U.S. Army Logistics Civil Augmentation Program (LOGCAP) IV Contract in the Kingdom of Bahrain
HOUSTON--(BUSINESS WIRE)--Mar. 4, 2013-- KBR (NYSE: KBR) today announced it has been awarded a task order by the U.S. Army Rock Island Contracting Command under its current Logistics Civil Augmentation Program (LOGCAP) IV contract. KBR will execute the LOGCAP IV Bahrain combat service support requirements for U.S. forces in Sheik Isa Airbase and Riffa Army support and Raydome. The period of performance is one base year, plus four optio... 
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02/28/13United States District Court for the District of Maryland Dismisses Litigation against KBR
HOUSTON--(BUSINESS WIRE)--Feb. 28, 2013-- KBR (NYSE: KBR) announced today that the United States District Court for the District of Maryland dismissed the burn pit claims filed against the company. In his decision Judge Roger W. Titus accepted all of KBR’s defense claims including the Political Question Doctrine; the Combat Activities Exception in the Federal Tort Claims Act; and Derivative Sovereign Immunity, as well as finding that dismissing the c... 
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02/20/13KBR Announces Fourth Quarter and Full Year 2012 Results
Full year 2012 earnings per diluted share of $2.16 on an adjusted, non-GAAP basis Full year 2012 earnings per diluted share of $0.97 on a GAAP basis includes a third quarter 2012 non-cash goodwill impairment charge at the Minerals Business Unit, related to the Roberts & Schaefer acquisition in the amount of $1.19 per diluted share Backlog book-to-bill of 1.1 for fourth quarter 2012 ... 
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02/14/13KBR Wins License and Design Package for Bolivia Fertilizer Project
HOUSTON--(BUSINESS WIRE)--Feb. 14, 2013-- KBR (NYSE: KBR) today announced it was awarded a contract by Samsung Engineering Company, Ltd. to provide a technology license, basic engineering design package, and supply of proprietary equipment for a 1,200 MTPD ammonia fertilizer plant in Carrasco, Bolivia. The fertilizer ammonia complex will be designed using KBR’s Purifier Technology. KBR will additionally supply proprietary operator training ... 
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02/07/13KBR to Provide Purifier Technology Package for World-Scale Ammonia and Urea Plant in South Sumatra, Indonesia
HOUSTON--(BUSINESS WIRE)--Feb. 7, 2013-- KBR (NYSE: KBR) today announced it was selected by PT Pupuk Sriwidjaja Palembang, to provide licensing, engineering services and proprietary equipment for a new 2000 MTPD ammonia and 2750 MTPD urea plant located in Palembang, South Sumatra, Indonesia. The plant will be designed using KBR’s Purifier technology, which has demonstrated higher reliability than conventional designs and offers the low... 
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01/24/13KBR Selected to Provide Construction Management Services for Abu Dhabi Airport Expansion
HOUSTON--(BUSINESS WIRE)--Jan. 24, 2013-- KBR (NYSE: KBR) announced today that it has entered into a contract with the Abu Dhabi Airports Company (ADAC) to provide construction management services for part of its expansion program at Abu Dhabi International Airport. Abu Dhabi International Airport is one of the fastest growing hubs in the world, with a growth rate of 19.7% over the past five years. KBR will be responsible for managing various... 
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01/22/13KBR Selected to Perform Turnaround Management and Turnaround Mechanical Execution Services for BP Plant in Decatur, Ala.
HOUSTON--(BUSINESS WIRE)--Jan. 22, 2013-- KBR (NYSE: KBR) announced today that it has been selected to provide the BP Decatur site with specialty turnaround management and turnaround mechanical execution services for one of the six on-site production units at the Western Hemisphere aromatics petrochemical site in Decatur, Ala. This plant utilizes paraxylene to manufacture plastic bottles, polyester material and new generation polyesters and resins. ... 
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01/17/13KBR Awarded Veba Combi Cracker License and Engineering Services Contract in Cambodia
HOUSTON--(BUSINESS WIRE)--Jan. 17, 2013-- KBR (NYSE: KBR) today announced it was awarded a contract by Cambodian Petrochemical Co. Ltd (CPC) to provide licensing and engineering services for the Veba Combi Cracker (VCC) Unit to be implemented in the Kampong Som Petrochemical Industrial Zone of Cambodia. Tianjin Petrochemical Engineering Design Co. LTD. (TPED), the EPC Contractor for the Unit, executed the agreements on behalf of CPC. U... 
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01/15/13KBR to Provide License and Basic Engineering Design Package for Ammonia Plant Revamp Project in Hungary
HOUSTON--(BUSINESS WIRE)--Jan. 15, 2013-- KBR (NYSE: KBR) today announced that it has been awarded a contract to provide a License and Basic Engineering Design Package as part of the Ammonia Plant Revamp for capacity increase at reduced energy consumption by Nitrogenmuvek in the city of Petfurdo, Hungary. KBR will increase ammonia capacity for a 1970s vintage-designed plant from originally 1000 tonnes per day (mtpd) to 1650 mtpd. As a leading... 
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01/14/13KBR 2012 Fourth Quarter Earnings Conference Call
HOUSTON--(BUSINESS WIRE)--Jan. 14, 2013-- KBR Inc. (NYSE:KBR) announced today it will host a conference call to discuss its 2012 fourth quarter financial results on Thursday, February 21, 2013, at 8:00 AM Central Time (9:00 AM Eastern Time). The company plans to issue its earnings release for the fourth quarter of 2012 after the close of the New York Stock Exchange on Wednesday, February 20, 2013, in advance of the call. The call is being web... 
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01/10/13KBR Provides Update to Fiscal Year 2012 Guidance; Announces Fiscal Year 2013 Guidance
HOUSTON--(BUSINESS WIRE)--Jan. 10, 2013-- KBR Inc. (NYSE:KBR) announced today that the company now expects fiscal year 2012 earnings per diluted share between $1.95 to $2.10 excluding the third quarter 2012 goodwill impairment charge. This is below the company’s previously communicated guidance range of between $2.60 and $2.80 excluding the third quarter 2012 goodwill impairment charge. The company indicated the reduction in the guidance range for 20... 
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