KBR Selected for Security Worldwide Environmental Restoration and Construction 2009 Contract by U.S. Air Force Center for Engine

Printer-friendly versionPDF version

Houston, Texas- November 23, 2009 - KBR (NYSE:KBR) today announced it has been awarded a basic contract by the U.S. Air Force Center for Engineering and the Environment (AFCEE) Contracting Officer to compete for future task orders under the Worldwide Environmental Restoration and Construction 2009 (WERC09) program. KBR is one of 23 companies that received contract award notification from AFCEE in the Full & Open competition. The total contract value to be dispersed among participating contractors is $3 billion and has a base contract period of five years.

Under the contract and upon award of future task order(s), KBR will provide a full range of engineering and construction activities necessary to meet Air Force and other customer requirements. Requirements shall be carried out as specified under Task Orders at locations worldwide. The WERC09 is an indefinite delivery indefinite quantity (IDIQ) contract containing Cost Plus Fixed Fee (CPFF), Firm Fixed Price (FFP), Fixed Price Incentive Firm (FPI), and Cost Plus Incentive Fee (CPIF) contract types which shall be established with each Task Order (TO) award.

"We are pleased to have been selected by the AFCEE to bid for future projects under the Worldwide Environmental Restoration and Construction contract," said Bill Bodie, President, KBR North American Government and Defense. "Our long-standing commitment to provide high quality services to our military customers remains steadfast, and I am confident KBR will execute task orders under this contract with the same level of quality the military has come to expect from KBR."

KBR is a global engineering, construction and services company supporting the energy, hydrocarbon, government services, minerals, civil infrastructure, power and industrial markets. For more information, visit www.kbr.com.

CONTACT:
KBR, Houston
Director, Communications
Heather Browne, 713-753-3775

heather.browne@kbr.com

or
Director, Investor Relations
Rob Kukla, Jr., 713-753-5082

investors@kbr.com

News Source : KBR Selected for Security Worldwide Environmental Restoration and Construction 2009 Contract by U.S. Air Force Center for Engineering and the Environment