KBR Completes LinQuest Acquisition, Expanding Digital, National Security Space and Intelligence Capabilities

HOUSTON, Sept. 3, 2024/PRNewswire/ -- KBR (NYSE: KBR) announced today it has completed the acquisition of LinQuest Corporation, a leading provider of advanced engineering, data analytics and digital integration with a strong history of solving complex technical challenges for national security space missions.

The acquisition strengthens KBR's capabilities across space, air dominance and connected battlespace missions. LinQuest also has a heritage of serving important U.S. government customers including the U.S. Space Force, U.S. Air Force and other U.S. Department of Defense and intelligence agencies.

"LinQuest's portfolio of capabilities significantly expands KBR's ability to meet growing customer demands and continues KBR's goal of transforming and enhancing key high-end digital solutions," said Stuart Bradie, KBR President and Chief Executive Officer. "We have been continually impressed with their people-first culture and amazing expertise, so it's a thrilling day to be able to officially welcome them to the KBR family."

KBR will immediately begin integrating LinQuest into KBR's Government Solutions segment and Defense and Intel business unit.

Given the closing date, LinQuest's financial results are not expected to be material to KBR's Q3 2024 financial results. Therefore, impacts of the acquisition to KBR's full year guidance will be discussed on the Q3 earnings call.

KBR has decades of experience providing mission-critical solutions for customers across the national security and space domains including customers ranging from the Department of Defense, NASA and various intelligence agencies.

About KBR
We deliver science, technology and engineering solutions to governments and companies around the world. KBR employs approximately 36,000 people worldwide with customers in more than 80 countries and operations in over 30 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

About LinQuest Corporation
LinQuest is a national security space leader that enables defense and intelligence missions through advanced digital transformation solutions and the development, integration, and operation of mission-critical systems. With a legacy that spans 47 years, LinQuest's 1,500-plus team members work side-by-side with their customers to solve their most complex technical challenges, drive innovation, and deliver fielded solutions for national security missions. More information can be found on the company's website at www.linquest.com.

Forward Looking Statements
The statements in this press release that are not historical statements, including statements regarding future financial performance and the expected impacts, benefits and opportunities of the proposed transaction to the company, are forward-looking statements within the meaning of the federal securities laws. When used in this press release, the words "estimates," "expects," "projects," "plans," "intends," "believes," "targets" or future or conditional verbs such as "will," "should," "could" or "may," and variations of such words or similar expressions are intended to identify forward-looking statements. These statements are subject to numerous risks, uncertainties and assumptions, 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, uncertainties and assumptions include, but are not limited to, those set forth in 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, which discuss some of the important risks, uncertainties and assumptions that the company has identified that may affect its business, results of operations and financial condition. Due to such risks, uncertainties and assumptions, you are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof. 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.

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