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KBR Awarded PMC Contract to Oversee Development of Fertilizer Project in Angola

1. KBR awarded PMC contract for $2 billion Angola fertilizer plant. 2. Project aims to enhance food security and economic growth in Angola. 3. KBR's experience includes over 260 ammonia plants and technological leadership. 4. Contract adds to previous work on technology licensing and design. 5. End-to-end solutions provided for the project's lifecycle management.

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Why Bullish?

This significant contract enhances KBR's portfolio, showcasing their technological capability in a growing market. Previous contracts of similar nature have resulted in notable stock price increases.

How important is it?

The contract's size and strategic importance for KBR's growth trajectory make it highly impactful, particularly as it elevates their role in the fertilizer industry.

Why Long Term?

The contract's duration and potential for follow-on work suggest sustained revenue over several years, unlike short-term contracts which may not provide lasting benefits.

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, /PRNewswire/ -- KBR (NYSE: KBR) announced today that it has been awarded a contract for Project Management Consultancy (PMC) services by AMUFERT to support the development of its fertilizer plant in Soyo, Angola. As part of this transformative $2 billion project, KBR will provide project management services overseeing engineering, procurement, and construction phases. The 2,300 metric tons per day (MTPD) ammonia and 4,000 MTPD urea facility, is designed to enhance agricultural productivity, drive economic growth through job creation, and position Angola as a leading fertilizer producer in Africa. This contract is in addition to the technology license, proprietary engineering design, equipment and catalyst solution work KBR previously announced on the same project. Jay Ibrahim, KBR President, Sustainable Technology Solutions said: "We are proud to provide our PMC services for AMUFERT's landmark project, which aims to boost the national and regional food security of Angola and the neighboring countries. KBR provides end-to-end solutions across the asset lifecycle making us the partners of choice for clients." KBR is a world leader in ammonia technology and has been at the forefront of innovation in the ammonia market for decades. Since 1943, KBR has licensed, engineered or constructed over 260 grassroot ammonia plants worldwide. 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 future project performance and demand for the company's technology and services, 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 Relations713-753-5082[email protected] MediaPhilip IvyVice President, Global Communications and Marketing713-753-3800[email protected] SOURCE KBR, Inc. WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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