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2015-10-13

KBR, Inc.: KBR Awarded Two Worldwide Contracts for U.S. Department of Defense Customers

HOUSTON
- October 13, 2015 - KBR, Inc. (NYSE: KBR) announced today it has been awarded
two indefinite-delivery/indefinite quantity (IDIQ) contracts by the U.S.
Government for construction services worldwide.

KBR has been awarded a $249.5 Million Indefinite Delivery Indefinite Quantity
(IDIQ) contract supporting various military installations by the U.S. Army
Corps of Engineers, Europe District, out of Wiesbaden, Germany. KBR was
selected along with five other firms to provide design and construction
services for up to five years under the IDIQ contract.

KBR was also awarded a $95 Million fixed-price IDIQ multiple award task order
contract for renovation work within U.S. embassy facilities worldwide. This
five-year contract, which provides upgrades to tenant facilities, was awarded
by the U.S. Army Corps of Engineers, Omaha District, as the contracting
entity.

"This win is indicative of KBR's strategic commitment to increase our market
share by executing small capital construction projects in remote or austere
international locations," said Andrew Pringle, president of KBR's Government
Services division.

"KBR has successfully delivered mission critical renovation projects over the
past five years in more than 25 international locations for the U.S.
Government and we are pleased to continue that service," said Byron Bright,
Senior Vice President Government Services - Americas.

Revenue associated with these multiple award IDIQ contacts will be booked into
backlog of unfilled orders for KBR's Government Services Business Segment as
task orders are awarded throughout the contract periods.

About KBR, Inc.KBR, Inc. is a global technology, engineering, procurement and construction
company serving the hydrocarbons and government services industries,
employing approximately 25,000 people worldwide with customers in more than
70 countries and operations in 40 countries across three distinct global
businesses:

* Technology&Consulting, including proprietary technology in refining,
ethylene, ammonia and fertilizers, and gasification; and niche consulting
and know-how through subsidiaries Granherne, Energo and GVA
* Engineering&Construction, including Offshore Oil&Gas; Onshore Oil&Gas;
LNG/GTL; Refining; Petrochemicals; Chemicals; differentiated EPC, and
Industrial Services
* Government Services, including program management and long term annuity
contracts

KBR is proud to work with its customers across the globe to provide
technology, value-added consulting services, integrated EPC delivery and Long
Term Industrial Services to ensure consistent project delivery with
predictable results. At KBR, we deliver.

Visitwww.kbr.com

Forward Looking StatementThe statements in this press release that are not historical statements,
including statements regarding future financial performance, are
forward-looking statements within the meaning of the federal securities laws.
These statements are subject to numerous risks and uncertainties, 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 and uncertainties include, but are not limited to: the outcome of
and the publicity surrounding audits and investigations by domestic and
foreign government agencies and legislative bodies; potential adverse
proceedings by such agencies and potential adverse results and consequences
from such proceedings; the scope and enforceability of the company's
indemnities from its former parent; changes in capital spending by the
company's customers; the company's ability to obtain contracts from existing
and new customers and perform under those contracts; structural changes in
the industries in which the company operates; escalating costs associated
with and the performance of fixed-fee projects and the company's ability to
control its cost under its contracts; claims negotiations and contract
disputes with the company's customers; changes in the demand for or price of
oil and/or natural gas; protection of intellectual property rights;
compliance with environmental laws; changes in government regulations and
regulatory requirements; compliance with laws related to income taxes;
unsettled political conditions, war and the effects of terrorism; foreign
operations and foreign exchange rates and controls; the development and
installation of financial systems; increased competition for employees; the
ability to successfully complete and integrate acquisitions; and operations
of joint ventures, including joint ventures that are not controlled by the
company.

KBR's most recently filed Annual Report on Form 10-K, any subsequent Form
10-Qs and 8-Ks, and other Securities and Exchange Commission filings discuss
some of the important risk factors that KBR has identified that may affect
the business, results of operations and financial condition. Except as
required by law, KBR undertakes no obligation to revise or update publicly
any forward-looking statements for any reason.

For further information, please contact:Investors

Zac Nagle
Vice President, Investor Relations
713-753-5082
Investors@kbr.com

Media

Marit Babin
Director, Global Communications&Government Relations
713-753-3800
Mediarelations@kbr.com

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: KBR, Inc. via Globenewswire

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