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KBR Provides Update To Fiscal Year 2012 Guidance; Announces Fiscal Year 2013 Guidance

KBR plans to host a conference call on Friday, January 11, 2013, at 8:00 AM Central Time (9:00 AM Eastern Time) to discuss the updated fiscal year 2012 and initiated fiscal year 2013 guidance. The call is being webcast by Thomson Reuters and can be accessed through the KBR website at www.kbr.com, under the Investor Relations section. The webcast is also being distributed through the Thomson Reuters StreetEvents network. Individual investors can listen to the call at www.earnings.com, the Thomson Reuters individual investor portal, powered by StreetEvents. Institutional investors can access the call via StreetEvents ( www.streetevents.com), a password-protected event management site.

A replay of the conference call will be available on the website for seven days following the call. Also, a replay may be accessed by telephone at (888) 203-1112, passcode 6171484.

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 www.kbr.com.

NOTE: 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.

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