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KBR and Axiom Space Successfully Complete Initial Crewed Spacesuit Tests in NASA's Neutral Buoyancy Lab

1. KBR and Axiom Space completed three successful AxEMU tests at NASA. 2. Tests validated spacesuit integrity for NASA’s Artemis III mission. 3. KBR's leadership in human spaceflight showcased through successful collaborations. 4. KBR's role in space innovation supports future missions to the Moon. 5. Commercial space activities are expected to accelerate, boosting KBR’s growth.

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Why Bullish?

KBR’s successful collaboration with NASA enhances its market position and attractiveness, reminiscent of similar past successes with major contracts in defense and aerospace sectors.

How important is it?

The article highlights KBR's strategic collaborations and innovations, indicating significant future potential that is likely to resonate with investors.

Why Long Term?

The ongoing partnership with NASA and Axiom Space could provide sustained revenue streams, similar to prior engagements that led to consistent performance enhancements in KBR’s stock.

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AXIMNASA
HOUSTON, Aug. 12, 2025 (GLOBE NEWSWIRE) -- KBR (NYSE: KBR) and Axiom Space recently completed three successful crewed underwater tests of the Axiom Extravehicular Mobility Unit (AxEMU) at NASA's Neutral Buoyancy Laboratory (NBL) at Johnson Space Center —an important milestone as both companies work to support NASA's return to the Moon. These initial crewed tests involved an astronaut being fully submerged in the NBL’s 6.2-million-gallon pool while wearing Axiom Space’s next-generation spacesuit, the AxEMU, which is being developed for use on NASA’s Artemis III mission. The goal was to evaluate the suit’s integrity in an environment that closely simulates the weightlessness of space. Throughout the tests, the suit remained completely sealed and airtight, signifying it’s ready for more advanced evaluations, and ultimately, future missions. "These successful tests demonstrate KBR's leadership in supporting human spaceflight and next generation EVA systems,” said Mark Kavanaugh, KBR’s President, Defense, Intel and Space. “Working in close partnership with NASA and Axiom Space, our team delivered mission critical support that showcases our technical depth, operational excellence and ability to advance innovative space solutions. As commercial space activity accelerates, KBR remains at the forefront, delivering capabilities that drive performance, safety and long-term growth.” KBR’s role in this achievement is part of the Exploration Extravehicular Activity Services (xEVAS) contract, which supports NASA’s evaluation of the next-generation spacesuit. The suit is designed to be more versatile, reliable and adaptable to the evolving needs of space exploration, including future missions to the moon and beyond. Testing is critical to validating the suit's performance and confirming its readiness for operational use. “Axiom Space is proud to have KBR’s decades of expertise in spacesuit innovation supporting the AxEMU,” said Russell Ralston, Executive Vice President of Extravehicular Activity, Axiom Space. “With KBR further enabling the AxEMU, astronauts will return to the south pole of the Moon with more flexibility, mobility, and protection to live and work in the harsh lunar environment.”  Together, KBR and Axiom Space continue to support the next era of human space exploration, helping astronauts train, suit up and safely carry out missions in space. About KBRWe deliver science, technology and engineering solutions to governments and companies around the world. KBR employs approximately 37,000 people worldwide with customers in more than 80 countries and operations in over 29 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 demand for the company’s services, the company’s leadership in supporting human spaceflight and the suitability and performance of Axiom Space’s spacesuit, 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. For further information, please contact: InvestorsJamie DuBrayVice President, Investor Relations713-753-5082Investors@kbr.com MediaPhilip IvyVice President, Global Communications and Marketing 713-753-3800MediaRelations@kbr.com

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