KBR Wins Major Industry Award For ‘Camo To KBR: Veterans Recruitment And Training Program'

Houston, TX /PRNewswire/ -- KBR, Inc. (NYSE: KBR) announced today that its "Camo to KBR: Veterans Recruitment and Training Program" has received a prestigious Workforce Development Award from the Construction Users Roundtable (CURT), a national organization comprised of leaders in the construction industry.

According to CURT, the award recognizes companies for "extraordinary, exemplary and innovative recruitment, training and education programs, which encourage people to pursue careers in construction."

Camo to KBR is a comprehensive initiative to hire, train, develop and transition military service members into the next generation of craft professionals and create leaders for KBR and the overall construction industry. The initiative is one approach to address craft workforce shortage issues and develop strong military talent into future supervisors and leaders in our industry.

Camo to KBR is comprised of several initiatives including on-site project recruitment and training of veterans, partnerships with veterans organizations like NextOp in Houston, and partnering with the National Center for Construction Education & Research (NCCER) on their military credentialing reciprocity program. KBR also collaborated with Ft. Polk base command, Soldier For Life, and Central Louisiana Technical College to create a pipefitting training program for active duty soldiers who are transitioning to civilian life.

"KBR is proud to help soldiers build on the foundation of their military training and provide a vehicle for veterans to translate their skills into the craft professions as they transition to civilian life," said Farhan Mujib, KBR President, Engineering & Construction Americas. "Our veterans represent an extraordinary pool of talent and discipline that the craft industry needs."

"KBR has a long history of supporting our armed forces in the field and at home and it is our honor to continue that legacy," Mujib said.

About KBR, Inc.

KBR is a global provider of differentiated professional services and technologies across the asset and program life cycle within the Government Services and Hydrocarbons sectors. KBR employs over 34,000 people worldwide (including our joint ventures), with customers in more than 80 countries, and operations in 40 countries, across three synergistic global businesses:

• Government Services, serving government customers globally, including capabilities that cover the full life-cycle of defense, space, aviation and other government programs and missions from research and development, through systems engineering, test and evaluation, program management, to operations, maintenance, and field logistics
• Technology & Consulting, including proprietary technology focused on the monetization of hydrocarbons (especially natural gas and natural gas liquids) in ethylene and petrochemicals; ammonia, nitric acid and fertilizers; oil refining; gasification; oil and gas consulting; integrity management; naval architecture and proprietary hulls; and downstream consulting
• Engineering & Construction, including onshore oil and gas; LNG (liquefaction and regasification)/GTL; oil refining; petrochemicals; chemicals; fertilizers; differentiated EPC; maintenance services (Brown & Root Industrial Services); offshore oil and gas (shallow-water, deep-water, subsea); floating solutions (FPU, FPSO, FLNG & FSRU) and program management

KBR is proud to work with its customers across the globe to provide technology, value-added services, integrated EPC delivery and long term operations and maintenance services to ensure consistent delivery with predictable results. At KBR, We Deliver.

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Forward Looking Statement

The 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.