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| Tuesday, 8 July 2014, 06:55 HKT/SGT | |
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Source: KBR, Inc. | |
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Houston, TX, July 8, 2014 - (ACN Newswire) - KBR (NYSE: KBR) announced today that it has been awarded an initial five-year contract (with options for four additional years) by the Australian Defence Force (ADF) to provide the Capability Support Coordinator (CSC) services for the Canberra Class Landing Helicopter Dock (LHD) ships.
The CSC contract will provide configuration management, data management, maintenance monitoring, engineering and supply support services, all within an Asset Management framework to meet the technical integrity, seaworthiness and mission preparedness of the Landing Helicopter Dock ships. KBR has engaged Rolls-Royce Australia Services Pty Limited to work with KBR to deliver these services.
The LHD ships will be the largest vessels ever constructed for the Australian Defence Force (ADF), and will be operated by the Royal Australian Navy (RAN). The two Canberra class LHDs, HMAS Canberra and HMAS Adelaide, can each transport over 1,100 troops, 100 armored vehicles and 12 rotary wing aircraft.
"KBR has a long history of delivering effective solutions to defense and government agencies worldwide and we are pleased to continue our successful partnership with the Australian Defence Force," said Andy Summers, KBR Infrastructure, Government and Power (IGP) Business Group President.
KBR is a leader in the delivery of major projects to Government, Defence, Resources and Infrastructure clients in Australia, the Asia-Pacific region and around the world. KBR's Defence and Government Services (D&GS) business, which is a part of KBR's Infrastructure, Government and Power business group, is headquartered in Canberra and operates throughout Australia and across the Asia-Pacific region.
Expected revenue from the contract will be included in the second quarter 2014 backlog of unfilled orders for the Infrastructure, Government and Power segment. The contract value was not disclosed.
About KBR
KBR is a global engineering, construction and services company supporting the energy, hydrocarbons, power, industrial, civil infrastructure, minerals, government services and commercial markets. For more information, visit www.kbr.com.
Forward Looking Statement
The statements in this press release that are not historical statements, including statements regarding future financial performance and backlog information, 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 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; 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/A, any subsequent Form 10-Qs and 8-Ks, and other 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.
Contact:
Investors
Zac Nagle
Vice President, Investor Relations and Communications
+1-713-753-5082
Investors@kbr.com
Media
Richard Goins
Director, Corporate Communications
+1-713-751-9471
Mediarelations@kbr.com
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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: KBR, Inc. via Globenewswire
Topic: Contract Awarded
Source: KBR, Inc.
https://www.acnnewswire.com
From the Asia Corporate News Network
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