KBR Building Group to Construct The Acadia, Mixed-Use High-Rise Residential Project, in Arlington, Va.

  KBR Building Group to Construct The Acadia, Mixed-Use High-Rise Residential
  Project, in Arlington, Va.

                Third Phase of Metropolitan Park Neighborhood

Business Wire

HOUSTON -- November 08, 2012

KBR (NYSE: KBR) announced today that KBR Building Group has been awarded a
contract to construct The Acadia at Metropolitan Park, a 411 unit mixed-use,
residential building in Arlington, Va. The Acadia will be the third building
to be constructed in the multi-phase Metropolitan Park development, located
near Washington D.C. in the area known as Pentagon City. Construction of The
Acadia is underway.

Designed for LEED Silver, the 677,154-square-foot, 19-story Acadia will
include three levels of underground parking with ground-floor retail. The
Acadia is adjacent to the phase one and phase two developments — The
Millennium at Metropolitan Park (completed in summer 2010) and The Gramercy at
Metropolitan (completed in 2008) — both constructed by KBR Building Group and
winners of project recognition awards for construction excellence.

“We are excited about this most recent opportunity to participate in the
construction of Metropolitan Park, having collaborated with the project’s
developer, Kettler, since the inception of this important mixed-use
development,” said Philip Southerland, President, KBR Building Group.“Our
previous award-winning work at Metropolitan Park has contributed to KBR
Building Group’s solid reputation for delivering top-quality, high-rise
residential and mixed-use construction projects on time and within budget.”

KBR is a global engineering, construction and services company supporting the
energy, hydrocarbon, government services, minerals, civil infrastructure,
power, industrial, and commercial markets.For more information, visit

Editor notes:

  *KBR Building Group, headquartered in Charlotte, N.C., is a diversified
    construction services company serving industrial, commercial, healthcare
    and institutional clients in the Southeast, Mid-Atlantic and Southwest
    regions of the United States. Known for its outstanding safety record, KBR
    Building Group is the exclusive commercial construction arm of parent
    company, KBR.
  *KBR Building Group’s regional office in Vienna, Va. is leading
    construction for The Acadia. KBR Building Group has solid experience in
    building high-rise residential and mixed-use facilities throughout
    Metropolitan Washington and the surrounding region. KBR Building Group is
    one of only 33 firms nationwide, to date, to earn the designation,
    Certified Green Contractor, from the Associated Builders and Contractors
    (ABC). KBR Building Group was named the No. 1 Overall Best Places to Work
    by the Washington Business Journal in 2011 (Large Business/Non-local
    headquarters category). Regionally, the company has been recognized as
    Southeast Contractor of the Year by Engineering News-Record (ENR).
  *Headquartered in McLean, Va., Kettler is also among the top multi-family
    developers in the nation. The company has developed more than 15,400
    apartments and condominiums, five million square feet of commercial space,
    more than 46,000 homes in 25 master-planned communities and many of the
    region’s premier mixed-use communities. Kettler Management manages more
    than 19,000 apartments in nearly 90 communities from New Jersey to North
    Carolina for Kettler and third-party clients.
  *The architect of record is Dorsky Yue International (DYI).
  *More about The Acadia:

       *The first floor features a fitness center with private studio for
         personal training, mailroom, clubhouse, business center with café,
         and private conference room for residents.
       *The two-tier building provides a swim-deck on the seventh floor
         featuring an infinity-edge pool with saltwater system, barbeque area,
         club kitchen, shower rooms and massage room.The 19th floor offers a
         penthouse clubroom with an open demonstration kitchen to accommodate
         large groups, as well as an outdoor barbeque area, seating and views
         of Arlington and the D.C. skyline.
       *The three below-grade parking levels include a pet grooming room,
         bike storage and bike workrooms where residents can fix their bikes.
       *The Acadia’s dog-friendly park is connected to the adjacent The
         Millennium and The Gramercy, creating a fluid connection for all of
         Metropolitan Park buildings. Public art pieces will also be featured
         in the parks in an effort to support the artists.
       *Building materials consist of a granite and limestone skin and
         incorporates an enhanced acoustical package for the whole building.
       *The first floor consists of 16,350-square-foot retail.


Zac Nagle, 713-753-5082
Vice President, Investor Relations and Communications
Marianne Gooch, 713-753-3800
Director, Corporate Communications
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