KBR, Inc.: KBR Awarded Two Engineering, Procurement, and Construction Contracts for Agrium's Nitrogen Operations Facility HOUSTON - March 12, 2014 -- KBR (NYSE: KBR), a global engineering, construction and services company, announced today that Agrium awarded the company two engineering, procurement and construction (EPC) contracts for a new grassroots urea plant and to increase the ammonia capacity for Agrium's Lone Star Project in Borger, Texas. Upon completion, this world-scale fertilizer facility will produce approximately 670,000 tons of urea per year and 700,000 tons per year of ammonia supporting the North American agriculture industry. The contract values, which were not disclosed, were included in the 2013 second and third quarter backlog of unfilled orders for the Hydrocarbons segment. "This award confirms KBR's position as the world's leader in the development and construction of ammonia facilities," said Roy Oelking, KBR Hydrocarbons Group President. "As the world's leading supplier of ammonia process technologies, KBR has been involved in the licensing, design, engineering and/or construction of more than 230 ammonia plants worldwide." About KBR KBR is a global engineering, construction and services company supporting the energy, hydrocarbons, power, industrial, civil infrastructure, minerals, government services and commercial markets. For more information, visit www.kbr.com. Forward Looking Statement The statements in this press release that are not historical statements, including statements regarding future financial performance and backlog information, 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 Halliburton Company; 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 Annual Report on Form 10-K dated February 27, 2014, Form 10-Q for the quarters ended March 31, 2013, June 30, 2013, and September 30, 2013, recent Current Reports on Forms 8-K, 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. Contact: Zac Nagle Vice President, Investor Relations and Communications 713-753-5082 Investors@kbr.com Richard Goins Director, Corporate Communications 713-751-9471 Mediarelations@kbr.com ------------------------------------------------------------------------------ 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 HUG#1768095
KBR, Inc.: KBR Awarded Two Engineering, Procurement, and Construction Contracts for Agrium's Nitrogen Operations Facility
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