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KBR Awarded $476M Base Operations Support Contract in Djibouti

1. KBR awarded a $476M contract by U.S. Navy for base operations in Djibouti. 2. Contract supports operations at the U.S. Navy's only permanent base in Africa. 3. KBR provides comprehensive support from facility management to life support services. 4. Performance period spans November 2025 to May 2034, ensuring long-term revenue. 5. KBR has over 30 years of experience supporting U.S. military operations worldwide.

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Why Bullish?

This substantial contract enhances KBR’s revenue stability and growth potential. Previous contracts of similar nature have historically positively influenced stock prices.

How important is it?

A $476M contract significantly impacts KBR's financial outlook, representing strong future pipeline. Such large deals are crucial for sustaining growth in the defense sector.

Why Long Term?

The contract extends over nearly nine years, ensuring consistent income. Similar long-term contracts have previously bolstered investor confidence.

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HOUSTON, May 27, 2025 (GLOBE NEWSWIRE) -- KBR (NYSE: KBR) announced today it has been awarded a firm fixed price, $476M contract by the U.S. Navy Facilities Engineering Systems Command (NAVFAC) to continue performing Base Operations Support (BOS) services at Camp Lemonnier and Chabelley Airfield in Djibouti. This contract supports the only permanent U.S. Navy base in Africa. Under the Djibouti BOS contract, KBR will provide mission support services for the Combined Joint Task Force - Horn of Africa. As one of the Navy’s largest base operations support contracts, KBR will provide full-scale support, from facility operations and maintenance to fire and emergency services to airfield and security operations for thousands of military personnel. KBR will also provide basic life support services such as power generation, water supply, housing and food services. The period of performance is November 2025 to May 2034. “Our KBR team has worked closely with NAVFAC in Djibouti since 2013, supporting 24/7 base operations that allow the Horn of Africa task force to focus on their core mission of enhancing partner nation capacity, promoting regional stability, dissuading conflict and protecting U.S. and partner interests,” said Byron Bright, KBR Chief Operating Officer. “We’re proud to continue supporting NAVFAC under the new Djibouti BOS contract, and we’re grateful to serve as The Team Behind The Mission® to over 50 U.S. military installations and sites around the globe.” In addition to Djibouti, KBR also provides base operations support to the U.S. Navy in Bahrain, Diego Garcia, and the United Arab Emirates (UAE) and to the U.S. Army and U.S. Air Force in Europe, Asia, and the Middle East, as well as in North America. KBR has provided mission-critical support to the U.S. military and allied nations for more than 30 years and operates in some of the most complex environments around the globe. About KBR We 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 30 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 project outcomes, 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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