KBR assures no disruptions on UK Defense Project with Carillion
Tuesday, Jan 16, 2018
KBR, Inc. has announced that it expects no disruption to its project being executed through a joint venture with Carillion as a result of Carillion's announced liquidation.

KBR operates a stand-alone Joint Venture with Carillion on Project Allenby Connaught through its Aspire Defence entities, providing high quality design, construction and maintenance services to the British Army for living and working accommodation. The Joint Venture has been successfully performing services for the Ministry of Defence since 2006 and the management and workforce are mature and stable.

We have been undergoing contingency planning for the last three months and are well placed to continue operating this contract.  We do not expect any disruption to the delivery of services, the performance of the contract or the cash-flow from the contract because of Carillion's liquidation.

"We've been aware of Carillion's challenges for some time and have taken necessary steps to facilitate a seamless transition and we are operating business as usual," said Stuart Bradie, KBR President and CEO.  "We will continue to work closely with the Ministry of Defence, and the administrator to explore options to ensure the long-term continued success of MoD programs."

For more information, please visit: http://www.kbr.com/

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