HOUSTON, March 12, 2026 (GLOBE NEWSWIRE) -- KBR (NYSE:KBR) announced today it has been awarded a landmark seven-year General Maintenance Services (GMS) contract, with an optional three-year extension, from Saudi Aramco Total Refining and Petrochemical Company (SATORP) for its strategic petrochemical expansion complex in Jubail, Kingdom of Saudi Arabia.

Under the agreement, KBR will deliver a comprehensive suite of preventive, predictive, corrective, and shutdown maintenance services designed to achieve exceptional performance and reliability across the entire petrochemical complex. Building on more than a decade of trusted collaboration with SATORP, KBR will leverage its proven expertise and practices to support industry-leading commissioning and start-up, with the intent of achieving peak availability and reliability from day one and delivering top-quartile plant performance while optimizing costs.

"We are looking forward to continuing to support SATORP in the expansion of its world-scale petrochemical complex, seamlessly integrated with their existing refinery, one of the most advanced and efficient in the world," said Jay Ibrahim, President, KBR Sustainable Technology Solutions. "Through this contract with SATORP, KBR reinforces its commitment to driving in-country value and upholding a strong safety culture across all assets, while laying the foundation for progressively enhanced asset performance through advanced analytics and digital enablement—designed to achieve operational excellence and sustainable performance at every stage."

KBR has been a pioneer in the downstream industry for more than 70 years, delivering large-scale maintenance solutions for some of the world's most advanced and technically complex facilities.

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 85 countries and operations in over 28 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 SATORP

The Saudi Aramco Total Refining and Petrochemical Company (SATORP) is one of the most advanced refineries in the world, with a processing capacity of 465,000 barrels per day of Arabian Heavy Crude to produce petroleum and petrochemical products with a commitment to the highest standards of Health, Safety, and Environment. This world-class refinery was founded by the expertise of the two oil giants, Saudi Aramco and TotalEnergies, located at Jubail Industrial City in the Eastern Province of Saudi Arabia. Currently, SATORP is constructing a petrochemical complex to integrate with its existing refinery for maximum operational synergy.

Forward Looking Statements

The statements in this press release that are not historical statements, including statements regarding KBR's General Maintenance Services contract with SATORP, are forward-looking statements within the meaning of the federal securities laws. 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.

For further information, please contact:

Investors

Rachael Goldwait

Vice President, Investor Relations

713-753-5082

Investors@kbr.com

Media

Philip Ivy

Vice President, Global Communications and Marketing

713-753-3800

MediaRelations@kbr.com

KBR Wins General Maintenance Services Contract from SATORP for its Strategic Petrochemical Expansion Complex