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KBR Awarded $176M Advanced Space Technology Research and Optimization Contract for Air Force Research Laboratory

1. KBR awarded $176M contract by Air Force Research Laboratory for maintenance support. 2. Contract includes multiple task orders for advanced experimental equipment operations. 3. The work spans seven years, enhancing space research and data management. 4. This contract strengthens KBR's role in national security and space capabilities. 5. KBR aims for improved collaboration in optical imaging and space domain awareness.

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Why Bullish?

The $176M contract represents significant new revenue, likely boosting investor confidence. Similar past contracts have positively affected stock prices in defense-related sectors.

How important is it?

The contract's size and strategic importance signify a positive shift in KBR's capabilities and revenue. It underscores KBR's commitment to national defense and technology enhancement.

Why Long Term?

This seven-year project provides KBR with sustained revenue and potential future contracts. Long-term contracts generally stabilize financial outlooks in defense and technology.

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HOUSTON, March 17, 2025 (GLOBE NEWSWIRE) -- KBR (NYSE: KBR) announced today it has been awarded a $176M cost plus fixed-fee, indefinite delivery indefinite quantity (IDIQ) contract by the Air Force Research Laboratory (AFRL) to provide operations and equipment maintenance support to the Air Force Maui Optical and Supercomputing Site (AMOS), in Maui, Hawaii.   The single award Advanced Space Technology Research and Optimization (ASTRO) contract has a $176M ceiling and will include multiple task orders. Under the terms of the contract, KBR will provide support in operating and maintaining advanced experimental equipment; processing and analyzing data; performing maintenance and upgrades; and managing the modernization of mission systems to support AFRL’s space research and development efforts at AMOS. This work is expected to be performed over a seven-year period of performance with KBR performing work with electro-optics, processing, analyzing and archiving data to improve models and simulation. Regular repairs and maintenance of equipment will be conducted. Throughout the lifecycle of the contract, KBR will maintain and archive detailed records of all system documentation to streamline quality configuration management. “We are excited for the opportunity to support AFRL and provide the improvements required to modernize assets aimed at increasing operational and sustainable capabilities,” said Stuart Bradie, KBR President and CEO. “It also presents an incredible opportunity for KBR to collaborate closely with the government and partners, pushing the boundaries of optical imaging and space domain awareness capabilities.” AMOS plays a vital role in national security by monitoring man-made objects in space and continuously developing next-generation capabilities to keep pace with the expanding space domain. This award is evidence of KBR’s continued commitment to providing solutions related to space domain awareness technologies. About KBRWe deliver science, technology and engineering solutions to governments and companies around the world. KBR employs approximately 38,000 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 performance periods and future task orders, 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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