KBR Signs Memorandum of Understanding with Indigenous Service Provider JLB Yaran

HOUSTON, May 11, 2022 /PRNewswire/ -- KBR (NYSE: KBR) has today signed a Memorandum of Understanding (MoU) with JLB Yaran that will further enhance KBR's engagement with Australian First Nations communities and businesses. The agreement was signed at the 2022 Indo Pacific Conference in Sydney Australia.

Under the non-binding agreement signed on Gadigal land, and witnessed by First Nations Elder Aunty Mary Doctor, KBR will collaborate with JLB Yaran to help recruit, connect and engage with First Nations peoples for multiple opportunities in locations across Australia. This will integrate JLB Yaran into KBR's wider technical support network.

Rob Hawketts, Vice President of Government Solutions APAC said, "KBR is committed to the development and empowerment of First Nations companies, particularly in the Australian defence industry. I am proud to have signed this Memorandum of Understanding with JLB Yaran so that we can continue to grow our partnership and foster greater opportunities for Australian First Nations communities."

JLB-Yaran is an Indigenous and veteran-owned professional service provider with a long history of supporting defence industry. The JLB-Yaran team has Australian Defence experience, both in and out of uniform, further enhancing their ability to support the Australian Defence Force.

The signing of this MoU with JLB Yaran forms part of KBR Australia's Reconciliation Action Plan (RAP), which the company has been implementing for more than two years. The KBR RAP provides a framework upon which KBR can realise its vision for reconciliation and provides practical steps to engage with and respect First Nations organisations and improve cultural understanding throughout KBR Australia. 

About KBR

We deliver science, technology and engineering solutions to governments and companies around the world. KBR employs approximately 28,000 people performing diverse, complex and mission critical roles in 34 countries.

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

Visit www.kbr.com  

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 significant adverse impacts on economic and market conditions of the COVID-19 pandemic and the company's ability to respond to the resulting challenges and business disruption; the recent dislocation of the global energy market; the company's ability to manage its liquidity; 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; 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; the possibility of cyber and malware attacks; 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.

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

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SOURCE KBR, Inc.