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2016-02-02

KBR, Inc.: KBR Joint Venture Selected to Deliver Major Contract for United Kingdom Ministry of Defence

HOUSTON
- (February 2, 2016) - KBR, Inc. (NYSE: KBR) announced today it has been
awarded a major contract to support Ascent Flight Training in the delivery of
the United Kingdom Military Flight Training System (UKMFTS) program with the
UK Ministry of Defence (MOD), under a Joint Venture with Elbit Systems named
Affinity. The UKMFTS program is an innovative partnering agreement between UK
Front Line Commands, UK MOD, Ascent and other leading industry partners to
deliver aircrew training for the 21st century.

KBR's joint venture with Elbit Systems-Affinity Flying Training Services-has
been appointed to optimise the fixed wing flying training provision for the
UK MOD and to reduce the cost of pilot training. Affinity will procure,
operate and maintain aircraft, and aircraft related infrastructure, through
to 2033. The training aircraft will be the Grob G 120TP 'Prefect' for
elementary flying training, the Beechcraft 'Texan' T-6C for basic flying
training, and the Embraer 'Phenom' 100 for multi-engine pilot training.

"We are excited to be a part of this significant project and to continue to
grow and maintain a substantial presence in the United Kingdom," said Stuart
Bradie, KBR President and CEO. "This win is indicative of KBR's strategic
commitment to focus on long-term services contracts with annuity streams in
its Government Services segment particularly for the UK Government."

Affinity, under the leadership of Managing Director Iain Chalmers, will manage
and deliver the full fixed wing training aircraft fleet and maintenance
program. Affinity's service will support the UKMFTS desire to download
training tasks from front-line aircraft to cost effective training aircraft
and provide the required step-change in aircraft turn around and scheduling
to support optimisation of aircrew training hours. Thirty-eight modern, glass
cockpit aircraft will be delivered in a phased approach over the next three
years comprising 23 Grob G 120TP 'Prefects', 10 Beechcraft 'Texan' T-6Cs s
and 5 Embraer 'Phenom' 100 jets-all featuring digital cockpits, exposing
students at an early stage to the technologies they will rely on at the
operational level.

Revenue associated with this project is estimated to be around £500 million
which will be split evenly between the two joint venture partners.
Approximately £250 million in revenue from this project will be booked into
the backlog of KBR's Government Services segment in Q1 of 2016.

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 programme 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. AtKBR, we deliver

.

Visitwww.kbr.com

Kellogg Brown&Root Ltd, operating from its UK headquarters in Surrey, operates
on a global scale working in different sectors delivering diverse and
challenging projects.

Kellogg Brown&Root Ltd is a major Programme Management Contractor delivering
some of the world's most challenging projects in the UK and overseas. Please
see ourwebsitefor reference projects.

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

UK media contact regarding this announcement:

Andrea Newman | External Affairs Director
KBR Government Services (EMEA)
m: 07880 400260
t. 01372 864655

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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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