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KBRwyle signs contract to become a major services provider for Australian DoD

Published 03/01/2018, 07:31 AM
© Reuters.  KBRwyle signs contract to become a major services provider for Australian DoD
KBR
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  • Global Government Services business, KBRwyle of KBR (NYSE:KBR) signed a contract with the Australian Department of Defence (OTC:DODSF), becoming just one of four Major Service Providers (NYSE:MSP) to the Capability Acquisition and Sustainment Group (OTCPK:CASG).
  • This new contract will run for an initial five year period beginning February 1, 2018 with options for an additional six years.
  • KBRwyle has selected Ernst & Young (EY) to be its strategic subcontractor in the MSP consortia.
  • "This contract win provides a solid foundation for the continued growth of the KBRwyle business in the APAC region," said Greg Conlon, President APAC region. "We have created a long term, competitive model with the potential to deliver over a hundred million dollars in revenue throughout the term of the engagement."
  • Revenue from this project will be booked, progressively when awarded, into backlog of unfilled orders for KBR's Government Services Business.
  • Press Release
  • Now read: KBR, Inc. 2017 Q4 - Results - Earnings Call Slides


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