2021 INVESTOR RELATIONS EVENT - Issuer Direct
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2 0 2 1 I N V E S T O R R E L AT I O N S E V E N T
FORWARD-LOOKING STATEMENT
This presentation contains forward-looking statements regarding our plans, objectives, goals,
strategies, future events, future financial performance and backlog information and other
information that is not historical. When used in this presentation, the words “estimates,”
“expects,” “anticipates,” “projects,” “plans,” “intends,” “believes,” “forecasts” 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. Such statements are
based upon our current expectations and various assumptions, which are made in good faith,
and we believe there is a reasonable basis for them. However, because forward-looking
statements relate to the future, they are subject to inherent risks, uncertainties and other
factors that are difficult to predict and which could cause actual results to differ materially
from the forward looking statements contained in this presentation.
Additional information about potential risk factors that could affect our business and financial
results is included in our Form 10-K filed on February 25, 2021 and any subsequent Forms 10-Q
and 8-K. We caution you not to place undue reliance on the forward-looking statements
included in this presentation, which speak only as of the date hereof. We disclaim any intent
or obligation, except as required by law, to revise or update this information to reflect new
information or future events or circumstances. This presentation contains the financial
measures “Adjusted EBITDA” and “Adjusted EPS” which are not calculated in accordance with
U.S. GAAP. A reconciliation of the non-GAAP financial measures Adjusted EBITDA and Adjusted
EPS and Adjusted Operating Cash Flow to the most directly comparable GAAP financial
measure has been provided in the Appendix to this presentation.
D E L I V E R I N G S OL U T I O N S , C H A N G I N G T H E W O R L D .
AGENDA
> ESG: Going beyond
> Strategy and growth engines
> Our people-centered culture
> Financial growth outlook
D E L I V E R I N G S O L U T I O N S , C H A N G I N G T H E W O R L D.
D.
.
D E L I V E R I N G S OL U T I O N S , C H A N G I N G T H E W O R L D .
// Stuart Bradie
President and Chief Executive Officer
D E L I V E R I N G S OL U T I O N S , C H A N G I N G T H E W O R L D .
D E L I V E R I N G S O L U T I O N S , C H A N G I N G T H E WO R LD.
RECYCLE/ HEALTH SAFETY
REUSE & SECURITY
EFFICIENT GOVERNANCE
ENERGY
SUSTAINABLE INCLUSION &
TRAVEL DIVERSITY
SUPPLY COMMUNITY
PARTNERS ENGAGEMENT
CLIMATE RISK
CHANGE MANAGEMENT
D E L I V E R I N G S OL U T I O N S , C H A N G I N G T H E W O R L D .DRIVEN BY A COMMITMENT TO ESG
Committed to net-zero Helping customers
emissions by 2030 advance their ESG goals
Achieved carbon Tying executive compensation
neutrality in 2019 to ESG objectives
D E L I V E R I N G S OL U T I O N S , C H A N G I N G T H E W O R L D .KEY THEMES
> Advancing our ESG strategy
> Momentum with market megatrends
> The People of KBR
> KBR 2025
>$8B >$800M $3B $4.00 to $6.00
Revenue Adj. EBITDA Aggregate Adj. EPS
2025 2025 deployable 2025
capital
D E L I V E R I N G S O L U T I O N S , C H A N G I N G T H E W O R L D.
D.We deliver science, technology
and engineering solutions to
governments and companies
around the world.
D E L I V E R I N G S OL U T I O N S , C H A N G I N G T H E W O R L D .
D E L I V E R I N G S O L U T I O N S , C H A N G I N G T H E WO R LD.KBR’S EVOLUTION BY THE NUMBERS
WHERE WE WERE WHERE WE ARE WHERE WE’RE GOING
Sustainable Defense &
> $8B Technology Intel
KBR Revenue Progression Sustainable
Technology
$6B
KBR 2021
revenue GS Int’l
~$6B profile
STS Pass-thru1 Science &
Sustainable Government Readiness & Space
$5B Technology Sustainment
Non-strategic
Government Performance
Based
Commercial U.S. DoD
Energy
Other
Gov
Technology GS Int’l
Government Cost
NASA and Fed Civ Reimbursable
2015 2021E 2025E
1 STS Pass-thru directionally represents low-margin, pass-through revenue in Sustainable Technology Solutions attributable to the portion of the Energy business KBR exited in 2020.
D E L I V E R I N G S OL U T I O N S , C H A N G I N G T H E W O R L D .REIMAGINING HOW WE DELIVER – IN 2020 Evolution to two-segment Centauri a cquisition, a n a t-scale Sustainable Technology, model organized into five businesses intel a nd mil space leader a n exciting g rowth driver GS Defense & Intel GS Science & Space GS Readiness & Sustainment GS International Sustainable Technology D E L I V E R I N G S OL U T I O N S , C H A N G I N G T H E W O R L D .
KBR’S STRATEGIC VALUE CREATION MODEL
ATTRACTIVE, RESILIENT
BUSINESS MODEL INVESTMENT THESIS
Future focused, upmarket Attractive growth and
THE PEOPLE OF KBR profitability outlook
Innovative, digitally enabled,
ADVANCE OUR STRATEGY differentiated solutions Healthy margins
Connected and collaborative Low risk
Highly technical, scientific,
“Team of Teams”
Innovative problem solvers classified, operational programs
Low capital intensity
Market-leading technical experts Protected intellectual property
Deep domain expertise Excellent free cash
Unwavering operational focus Agile and adaptive to meet the conversion
Empowered and accountable most complex requirements
Renowned experts Attractive capital
Experienced management Deep mission understanding deployment strategy to
accelerate growth and
Attractive program tenor; value
resilient portfolio
Well-funded end markets
High-quality clients
D E L I V E R I N G S OL U T I O N S , C H A N G I N G T H E W O R L D .Today, we are a well-positioned,
upmarket government solutions business
with a sustainable technology kicker!
D E L I V E R I N G S OL U T I O N S , C H A N G I N G T H E W O R L D .
D E L I V E R I N G S O L U T I O N S , C H A N G I N G T H E WO R LD.FORMULA FOR GROWTH
EXCITING OPS-FOCUSED, $4.00 to $6.00
GROWTH LONG-DURATION, ADJ. EPS in 2025
ACCELERATORS MISSION-CRITICAL
BOOK OF BUSINESS 15% to 20%
Adj. EPS CAGR
2021-2025
Exciting growth engines, resilient business model and strong tailwinds underpin growth outlook.
D E L I V E R I N G S OL U T I O N S , C H A N G I N G T H E W O R L D .GROWTH ACCELERATORS
M A R K E T M E G AT R E N D S
National security and defense priorities
Near-peer threats
Climate change
Reduction in carbon emissions
Digitalization, modernization, automation
Future-forward areas of rapid change with a proven need for technology — all areas
in which KBR is operating at scale today.
D E L I V E R I N G S OL U T I O N S , C H A N G I N G T H E W O R L D .A D VA N C I N G O U R S T R AT E GY
KBR GROWTH ENGINES
D E L I V E R I N G S O L U T I O N S , C H A N G I N G T H E WO R LD.GROWTH ENGINE D E L I V E R I N G S OL U T I O N S , C H A N G I N G T H E W O R L D .
OUR GROWTH ENGINES
S PAC E S UPERIO RIT Y C Y B ER AN ALY T ICS S USTAIN AB LE T EC H N O LOGY
Byron Bright Robert Thomas Doug Kelly
PRESIDENT, GOVERNMENT SOLUTIONS VICE PRESIDENT, INTEL & CYBER ANALYTICS PRESIDENT, SUSTAINABLE TECHNOLOGY
D E L I V E R I N G S OL U T I O N S , C H A N G I N G T H E W O R L D .SPACE SUPERIORITY
> Growing Demand in Space
> KBR Expertise – Defining the Future of Space
> Making a Difference, Accelerating Growth
D E L I V E R I N G S O L U T I O N S , C H A N G I N G T H E W O R L D.
D.THEMES DRIVING GROWTH S PAC E S U P E R I O R I T Y
Collaboration: Convergence of defense,
intelligence, civil and commercial
“ We have acknowledged that Space is a
warfighting domain similar to air, land, and sea.
Now we must organize and develop the joint force
Speed: Rapid capability development to posture for space superiority across the
continuum of conflict – and that work is ongoing.
Digitalization: Technology-enabled
transformation
GENERAL JAY RAYMOND
CHIEF OF SPACE OPERATIONS, UNITED STATES SPACE FORCE
D E L I V E R I N G S OL U T I O N S , C H A N G I N G T H E W O R L D .LEVERAGING CAPABILITIES ACROSS
S PAC E S U P E R I O R I T Y
A BROAD SET OF CLIENTS
INTELLIGENCE DEFENSE FEDERAL-CIVILIAN
NRO NGA Space Force SMDC NASA NOAA
DIA NASIC SMC AFRL
FAA
D E L I V E R I N G S OL U T I O N S , C H A N G I N G T H E W O R L D .OUR SPACE SUPERIORITY S PAC E S U P E R I O R I T Y
BUSINESS MODEL
Broad, fundamental,
mission-critical capabilities
where one technical area Expertise
feeds growth into the next Innovation
Technology
D E L I V E R I N G S OL U T I O N S , C H A N G I N G T H E W O R L D .DEFINING THE FUTURE OF SPACE S PAC E S U P E R I O R I T Y KBR expertise in action Mission Planning and Digital Systems Engineering Designing and conducting missions in virtual environments to optimize development speed and use of resources Space Domain Awareness End-to-end solutions for tracking and monitoring space assets to enable safe operations for all in space Transition to Operations U.S. Air Force Tactical Exploitation of National Capabilities program D E L I V E R I N G S OL U T I O N S , C H A N G I N G T H E W O R L D .
SPACE SUPERIORITY
We’re making a difference
EXPANDING HUMAN PROTECTING AND COMBATING
KNOWLEDGE ENHANCING SPACE ASSETS CLIMATE CHANGE
DELIVERED DOUBLE-DIGIT 12% 23% LEVERAGING CROSS-PLATFORM CAPABILITIES
GROWTH IN 2020 Science & Space Defense & Intel TO DRIVE ABOVE-MARKET GROWTH
D E L I V E R I N G S OL U T I O N S , C H A N G I N G T H E W O R L D .OUR GROWTH ENGINES
S PAC E S UPERIO RIT Y C Y B ER AN ALY T ICS S USTAIN AB LE T EC H N O LOGY
Byron Bright Robert Thomas Doug Kelly
PRESIDENT, GOVERNMENT SOLUTIONS VICE PRESIDENT, INTEL & CYBER ANALYTICS PRESIDENT, SUSTAINABLE TECHNOLOGY
D E L I V E R I N G S OL U T I O N S , C H A N G I N G T H E W O R L D .CYBER ANALYTICS
> Cyber is pervasive and KBR is leveraging
synergies across the entire cyber analytics
domain to drive growth.
D E L I V E R I N G S O L U T I O N S , C H A N G I N G T H E W O R L D.
D.
.PROTECTING AGAINST CYBER THREATS C Y B E R A N A LY T I C S
Cyber evolution – An “All Society” threat
Customer Priorities
Secure Supply Chain Security
Critical Infrastructure Protection
Cyber Spectrum Dominance
Non-Kinetic Operations
~$15B Addressable Market
D E L I V E R I N G S OL U T I O N S , C H A N G I N G T H E W O R L D .KBR’S VIEW OF CYBER ANALYTICS C Y B E R A N A LY T I C S
Key differentiators
High-end domain expertise
Cross-functional technical teams
Operational expertise
Integration and sustainment
Transition
Hands-on training
Operating across the entire cyber
analytics pyramid
Nationally recognized experts defending
against advanced threats
D E L I V E R I N G S OL U T I O N S , C H A N G I N G T H E W O R L D .DEFINING THE FUTURE OF CYBER C Y B E R A N A LY T I C S KBR expertise in action Secure Supply Chain Developing trusted chipsets, identifying compromised devices and establishing engineering standards Positioning, Navigation and Timing Creating technologies that feed into the next generation of global navigation satellite systems Cyber Security for Critical Infrastructure Anticipating and safeguarding critical infrastructure against increased threats and vulnerabilities D E L I V E R I N G S OL U T I O N S , C H A N G I N G T H E W O R L D .
CYBER ANALYTICS
We’re making a difference
DEVELOPING CYBER TOOLS PROTECTING CRITICAL DELIVERING ADVANCED
TO ENSURE THE INTEGRITY INFRASTRUCTURE VITAL TO THE NON-KINETIC CYBER
OF KNOWLEDGE SAFETY AND PROSPERITY OF SOCIETY CAPABILITIES
CYBER DEMAND IS EMBEDDED ACROSS LEVERAGING SYNERGIES TO DRIVE
ALL CUSTOMERS AND PLATFORMS ABOVE-MARKET GROWTH
D E L I V E R I N G S OL U T I O N S , C H A N G I N G T H E W O R L D .OUR GROWTH ENGINES
S PAC E S UPERIO RIT Y C Y B ER AN ALY T ICS S USTAIN AB LE T EC H N O LOGY
Byron Bright Robert Thomas Doug Kelly
PRESIDENT, GOVERNMENT SOLUTIONS VICE PRESIDENT, INTEL & CYBER ANALYTICS PRESIDENT, SUSTAINABLE TECHNOLOGY
D E L I V E R I N G S OL U T I O N S , C H A N G I N G T H E W O R L D .S U S TA I N A B L E T E C H N O L O G Y S O LU T I O N S :
A CLEAN, GREEN FUTURE
> Growing Demand for Ammonia
> Harnessing the Power of Digital
> Enabling the Plastics Circular Economy
D E L I V E R I N G S O L U T I O N S , C H A N G I N G T H E W O R L D.
D.AMMONIA: ENABLING NEAR-TERM ENERGY
TRANSITION IMPERATIVES
A proven technology with a new future!
KBR is the world leader in ammonia technology with over 50%
market share and holding the record for the most reliable, most
energy-efficient and largest single-train capacity plants in the
industry.
Growing ammonia demand to meet near-term
energy transition imperatives
Marine Transportation
Power Generation
K-GreeNTM, an end-to-end green ammonia solution
Growing pipeline of opportunities and awards to help clients
meet their energy transition objectives
D E L I V E R I N G S OL U T I O N S , C H A N G I N G T H E W O R L D .HARNESSING THE POWER OF DIGITAL
Leveraging our IP, smart tools and domain expertise
to deliver measurable safety, environmental and
reliability results
Remote Performance Monitoring
Monitoring and troubleshooting operations around
the globe from anywhere
Reliability-Based Maintenance
Leveraging AI/ML and analytics to optimize facility
operation and reduce downtime
D E L I V E R I N G S OL U T I O N S , C H A N G I N G T H E W O R L D .ENABLING THE PLASTICS CIRCULAR ECONOMY
Closing the Loop on the Circular Plastics Economy with Hydro-PRTSM
Converts waste plastic to usable products
Includes all forms of waste plastic
Potential to eliminate single-use plastics
KBR is ALL IN!
D E L I V E R I N G S OL U T I O N S , C H A N G I N G T H E W O R L D .SUSTAINABLE TECHNOLOGY SOLUTIONS
We’re making a difference
OUR SOLUTIONS HELP CUSTOMERS WE’RE MAKING A POSITIVE
KBR IS A GOOD
ACHIEVE THEIR OWN IMPACT AND HELPING
CORPORATE CITIZEN
SUSTAINABILITY GOALS CREATE A BETTER FUTURE
ATTRACTIVE OUTLOOK FOR KBR LEVERAGING PROPRIETARY IP AND
SOLUTIONS TO COMBAT CLIMATE CHANGE DIFFERENTIATED EXPERTISE TO DRIVE ABOVE-
AND DRIVE ENERGY TRANSITION MARKET GROWTH
D E L I V E R I N G S OL U T I O N S , C H A N G I N G T H E W O R L D .We do things that matter for our
customers all over the world.
D E L I V E R I N G S OL U T I O N S , C H A N G I N G T H E W O R L D .
D E L I V E R I N G S O L U T I O N S , C H A N G I N G T H E WO R LD.2020 AWARDS DRIVE SUSTAINED GROWTH
$925M $1,050M $1,100M 55%
BACKLOG, OPTIONS AND
IDIQ EXPLOITATION ADV. MILITARY R&D SUSTAINABLE TECH RECOMPETES1 TO DELIVER
Systems engineering, R&D and prototyping to Energy transition REVENUE THROUGH 2025
integration, advance military modernization, licensing
modernization, C5ISR capabilities and advisory Representative awards
NASA Intelligent Systems Research and Development
Air Force Tactical Exploitation of National Capabilities
USGS Earth Observation and Science Center Support
DHA Cybersecurity Assessment and Authorization Support
$975M $500M $925M
Army High Energy Laser Prototype Program
Air Force High Energy Laser Prototype Program
NAVAIR Counter Unmanned Air Systems
AFRL Sensors Directorate Laboratory
NASA, FED-CIV CYBER & MISSION IT SUSTAINING O&M Air Force Base Operations in Europe & Africa
NRO Systems Engineering Projects
Scientific R&D, data Data analytics, AI/ML, O&M-funded, Air Force Logistics Center Technology Interoperability
analysis, systems offensive and defensive advanced operations Master Services Agreement for carbon recycling projects
engineering, C5ISR cyber support Ammonia technology license for zero CO2 emissions project
Many energy transition / climate change advisory projects
1 Recompetes are “rated” to reflect the competitive contracting environment
D E L I V E R I N G S OL U T I O N S , C H A N G I N G T H E W O R L D .ROBUST PIPELINE UNDERPINS GROWTH MOMENTUM
KBR Pursuit Pipeline Composition 95%+
2020 RECOMPETE WIN
RATE FOR GS
$46B
Lead
$45B
STS GS - D&I 150+
Positioning & Pursuit
PURSUITS > $100 MILLION
GS - Int'l
$106
$15B Billion GS - S&S
Proposal and negotiation
$106B
Total Pursuit Pipeline
GS - R&S 10+
PURSUITS > $1 BILLION
D E L I V E R I N G S OL U T I O N S , C H A N G I N G T H E W O R L D .// Jenni Myles
Executive Vice President and Chief People Officer
D E L I V E R I N G S O L U T I O N S , C H A N G I N G T H E WO R LD.THE PEOPLE OF KBR – OUR VISION
O U R V I S I O N
We bring together the best and brightest to deliver technology and
solutions that help our customers accomplish their most critical
missions and objectives. In doing so, we strive to create a
better, safer and more sustainable world.
D E L I V E R I N G S OL U T I O N S , C H A N G I N G T H E W O R L D .THE PEOPLE OF KBR – OUR VALUES
O N E K B R VA L U E S
W E VA LU E O U R P EO P L E
WE DELIVER
WE ARE PEOPLE OF INTEGRITY
0
WE EMPOWER
WE ARE A TEAM OF TEAMS
D E L I V E R I N G S OL U T I O N S , C H A N G I N G T H E W O R L D .THE PEOPLE OF KBR – PURPOSE CENTERED
How we make KBR an exceptional place to work
PURPOSE 0
D E L I V E R I N G S OL U T I O N S , C H A N G I N G T H E W O R L D .THE PEOPLE OF KBR – BELONGING
Why Inclusion & Diversity matter
Helps us attract and retain diverse talent.
We are stronger and more innovative together.
33%
Women on
KBR’s Board of
Directors
0
0
18%
Increase in women
on KBR’s executive
leadership team in
2020
D E L I V E R I N G S OL U T I O N S , C H A N G I N G T H E W O R L D .THE PEOPLE OF KBR – BELONGING
0 0
D E L I V E R I N G S OL U T I O N S , C H A N G I N G T H E W O R L D .THE PEOPLE OF KBR – WELLNESS
Why mental health and fitness matter
Significant return on investment in mental health
and well-being of our people
We’re all on the mental wellness spectrum
Unwell Struggling Coping Thriving
0
KBR is operationalizing wellness for clients
Preservation of the Force and Family
for the Special Forces
NASA Health and Human Performance
D E L I V E R I N G S OL U T I O N S , C H A N G I N G T H E W O R L D .THE PEOPLE OF KBR – GROWTH
Why talent development matters
Strengthens sustainable business resilience
Nurtures curiosity, drive and motivation
Creates environments for talent to grow
Global Leadership
0 Development
Manager Excellence
Communities of Interest
Employee Resource Groups
Fellowship Programs
D E L I V E R I N G S OL U T I O N S , C H A N G I N G T H E W O R L D .THE PEOPLE OF KBR – GROWTH
Responsive, resilient and organic
Communities of Interest
Unmanned Systems
Cyber Analytics >1,200
Human Enablement Global COI members
VR, AR, 3D
>50%
And more
COI technical specialists
IMPACT 0
Vision Series
Networking
Professional development
20 Years
Nurturing talent
Philanthropy at KBR
And more
DECENTRALIZED DIVERSE PERSPECTIVES, UNINTERRUPTED, ORGANIC,
IDEA SHARING SKILL SETS AND EXPERIENCES CROSS-DISCIPLINARY DIALOGUE
D E L I V E R I N G S OL U T I O N S , C H A N G I N G T H E W O R L D .THE PEOPLE OF KBR – PURPOSE CENTERED
How we make KBR an exceptional place to work
PURPOSE 0
D E L I V E R I N G S OL U T I O N S , C H A N G I N G T H E W O R L D .// Mark Sopp
Executive Vice President & Chief Financial Officer
D E L I V E R I N G S O L U T I O N S , C H A N G I N G T H E WO R LD.ROADMAP TO 2025
KEY THEMES
> Inside our strategic playbook
> Our vision and growth targets for 2025
> Capital firepower enables growth and
value optionality
D E L I V E R I N G S OL U T I O N S , C H A N G I N G T H E W O R L D .
Assumes 3x net leverageKBR’S STRATEGIC PLAYBOOK
Attract and retain top talent
Attractive markets, strategic customers
Highly valued, innovative solutions
Enduring, long-term contracts SUSTAINABLE GROWTH
AND VALUE CREATION
Attractive mix of performance-based contracts
Low capital intensity business model
Expanded capital deployment
D E L I V E R I N G S OL U T I O N S , C H A N G I N G T H E W O R L D .A BOLD VISION FOR 2025
Executing on our strategic playbook delivers sustainable growth and value creation.
>$8B >$800M $3B $4.00 to $6.00
Revenue Adj. EBITDA Aggregate Adj. EPS 2025
2025 2025 deployable 15-20% CAGR
capital 2021-2025
D E L I V E R I N G S OL U T I O N S , C H A N G I N G T H E W O R L D .LONG-TERM TARGETS – THE FOUNDATION FOR GROWTH We have built a large installed base of top-tier clients. We have innovative offerings in high-demand growth areas. We have highly credible, citable best-in-class solutions to drive synergies. D E L I V E R I N G S OL U T I O N S , C H A N G I N G T H E W O R L D .
KBR 2025 – LONG-TERM TARGETS
Revenue Adj. EBITDA
Target: 6% - 9% CAGR Target: 8% - 12% CAGR
Sustainable
Government Technology
~$8.0 B ~$800 Solutions Solutions KBR
$5.8B ~$6.0B ~$540 Organic
$478
Revenue 5% - 8% 10% - 12% 6% - 9%
CAGR
2020 2021 2025 2020 2021 2025 Adj.
EBITDA 5% - 8% 15% - 20% 8% - 12%
CAGR
Return on Invested Capital
Adj. EPS Target: 14% - 16%
Target: 15% - 20% CAGR
Mid-teen High single
Adj.
Low double escalating to escalating to
EBITDA
~15%
Margin
digit upper teen low double
by 2025 by 2025
~$4.00
~10%
9%
~$2.10 Free Cash ~$4/share by 2025
$1.73 Yield 90% - 110% Adj. Net Income Conversion
2020 2021 2025 2020 2021 2025
Note: Reflects a 25% to 26% effective tax rate
D E L I V E R I N G S OL U T I O N S , C H A N G I N G T H E W O R L D .ROADMAP TO 2025 EARNINGS CAGR
Business Model Fundamentals
Underpin Earnings CAGR
Attractive, exciting end markets 15% - 20%
Performance-based contracts ~7%
Strong, recurring cash flow
Low-risk growth mode 1% - 2% Balanced
1% - 2% Economies of deployment of
scale capital
Segment
6% - 9% margin
expansion
Revenue CAGR EPS CAGR
D E L I V E R I N G S OL U T I O N S , C H A N G I N G T H E W O R L D .CAPITAL DEPLOYMENT IN ACTION
Deployment Priorities to Build Adj. EPS Growth with Deployment
Shareholder Return
Organic reinvestment
Maintain responsible leverage Target:
15% - 20% ~$6.00
Maintain attractive dividend CAGR
3x leverage
Strategic, accretive M&A
Share repurchases
$4.00+
1x leverage
3x
$3B Net leverage target
Organic
Cumulative ~$2.10
deployable capital
90% - 110%
Conversion
Net income to free cash
2021 2025
2021 2022 2023 2024 2025
Free cash generation Cumulative Deployment
Note: Deployable capital does not reflect Ichthys net working capital opportunity
D E L I V E R I N G S OL U T I O N S , C H A N G I N G T H E W O R L D .DIVIDEND POLICY AND INCREASE
Announcing a 10% increase of our regular quarterly
dividend to $0.11 per share
Targeting to increase commensurate with net
income and free cash flow growth
$0.44/yr
$0.40/yr
$0.32/yr
2019 2020 2021 2022 2023 2024 2025
Adj Net Income Dividend per share
D E L I V E R I N G S OL U T I O N S , C H A N G I N G T H E W O R L D .ROADMAP TO 2025
Disciplined execution Delivering upmarket growth
and attendant margin
Doing what we said we expansion
would do
Cash-generating machine $4.00 to $6.00
Megatrends favor KBR
Highly valued solutions solutions and technologies Adj. EPS and
Market megatrends accelerate
core growth
Enduring programs enable high Free Cash Yield
visibility and stability
in 2025
Ample firepower to deliver
Expanding firepower growth and shareholder value
Putting the balance sheet
Announcing 10% increase in
to work quarterly dividend
D E L I V E R I N G S OL U T I O N S , C H A N G I N G T H E W O R L D .D O I N G W H AT W E SA I D W E W O U L D D O
> Advancing our ESG strategy
> Momentum with market megatrends
> The People of KBR
> KBR 2025
>$8B >$800M $3B $4.00 to $6.00
Revenue Adj. EBITDA Aggregate Adj. EPS
2025 2025 deployable 2025
capital
D E L I V E R I N G S O L U T I O N S , C H A N G I N G T H E W O R L D.
D.ROADMAP TO 2025
Q&A
D E L I V E R I N G S OL U T I O N S , C H A N G I N G T H E W O R L D .
Assumes 3x net leverageAppendices
Space Superiority Supplemental Materials
Cyber Analytics Supplemental Materials
Sustainable Technology Supplemental Materials
Financial Growth Supplemental Materials
D E L I V E R I N G S O L U T I O N S , C H A N G I N G T H E WO R LD.Space Superiority | Space Mission Operations
Providing secure, reliable command and control, communications, telemetry, and tracking for dozens of DoD,
intelligence, civil and allied satellites. As activity in space increases, KBR is partnered with customers in executing
mission-critical operations to ensure the safety and availability of space operations for all stakeholders
KBR offers a complete set of Range operations, including radar, telemetry, tracking, and
spacecraft operations, mission communications services for rockets, aircraft, satellites and
planning, and command and unmanned aerial systems
control solutions. Launch facility services such as design,
Launch and early orbit analysis and certification of pressure
Flight operations vessels, cryogenic technologies, piping
Network scheduling systems, ground support equipment
Flight dynamics support design, test and integration
Mission data collection and Provide reliable command and control,
distribution
communications, telemetry and tracking
Solution portfolio includes for 170+ DoD, intelligence, civil and allied
propriety mission operations tools satellites; support of launch, surveillance,
and patents supporting navigation, weather and communication
constellation management, tasking missions
and mission performanceSpace Superiority | Digital Engineering
KBR is designing and conducting missions in virtual environments to help optimize use of assets. We provide
thought leadership to our space customers, enabling the future space enterprise to rapidly deploy capability.
Digital engineering capabilities Supporting the U.S. Space Force in defining
providing rapid insight for development and implementing future command and
and modernization of space programs control architecture
Building physics-based models or Executing DevSecOps pipeline
“digital twins” of space assets for U.S. Space Force missions to
build the rapid capability
“Flying” digital missions hundreds of deployment infrastructure of
times, optimizing use of space assets the future
Collaborating with intelligence analysts Positioned to provide a full
and mission planners on priorities spectrum of support for agile
Providing thought leadership supporting software development for
digital engineering research and space programs
education for defense and intelligence
customersSpace Superiority | Space Domain Awareness
No longer is space a benign environment where space objects are only tracked. KBR
provides innovations and domain expertise that deliver robust intelligence of what objects
in space are doing and why, enabling safe operations for all.
Extensive experience in developing Solution portfolio includes propriety
end-to-end operational space domain mission operations tools and patents
awareness (SDA) systems, from supporting constellation management,
requirements generation through tasking and mission performance
operational test and evaluation SDA systems encompassing all TCPED
Positions in R&D through mission functions (including real-C2 systems)
Expertise developing solutions that operations with multiple customer
automate space intelligence positions gives KBR end-to-end
processes capability and domain expertise High-
Precision
Positioned as the leading R&D Propagation
provider for space domain awareness and Change
Detection
capabilities Tools for
CatalogingSpace Superiority | Climate Change, Earth Science
KBR is on the frontlines with our customers providing solutions to deliver data to scientist
performing critical climate change research. Our capabilities supporting NASA and U.S. Geological
Survey (USGS) include operating constellations of spacecraft; receipt, archive, distribution and
analysis of Earth observations; and developing advanced technology solutions.
Support USGS science center serving Operate NASA Earth Science Spacecraft and sustain
worldwide climate and research command and control systems
communities use of space-collected
sensed land data
Mission systems software development,
maintenance, upgrade and operations
Receipt, archive, distribution and
analysis of Earth observation data
Science, research and technology development
efforts for climate change and Earth science
and products for understanding of
missions
natural resources, hazards, land
characterization and climate change Sustaining engineering for life
sciences experiments onboard the
Operation of the central data International Space Station
exchange for real-time collection and
dissemination of commercial and Data analysis, science data
state meteorological data processing and algorithm
developmentSpace Superiority | Human Space Flight
KBR is the industry leader in human spaceflight operations. Our deep domain expertise spans
human performance, astronaut training, space suit development and mission operations.
As NASA and commercial providers position to return to the moon and beyond, KBR has the
domain expertise to enable these inspiring future missions.
Operations and maintenance of Enhancing human health and
ground control systems for human performance for spaceflight
spaceflight
Extravehicular suit development
Mission operations support including and sustaining for training and
mission planning, astronaut and space operations
flight controller training, and mission
execution for all humans in space
Development, testing and
implementation of human
Training simulators systems spaceflight systems and subsystems
SW/HW systems providing space Space medicine and medical
craft simulators for astronaut and equipment
flight controller trainingNational Security Technology:
Threats and Demand Signals
Accelerating Contested Space Domain Technology Proliferation Strategic Threats
• Adversaries investing in space • Available to adversaries and • Re-emergence of long-term,
Threat and counter-space commercial industry strategic adversaries
Environment capabilities • Lower barriers to enter space • Adversaries modernizing
• Threatens military and civilian domain — launch costs, militaries
interests smaller spacecrafts • Near peers investing in space,
• Proliferated AI/ML and big data cyber, nuclear, longer standoff
capabilities capabilities
• Space domain awareness • Digital systems engineering • Advanced R&D
Customer • Multi-domain C2 enabling faster development • Speed/rapid prototyping
Capability • Advanced sensors cycles • Integrated missile defense
Needs • AI/ML and advanced • Continuous integration of new • Advanced military systems
algorithms for autonomy and capabilities
big data analysisAppendices
Space Superiority Supplemental Materials
Cyber Analytics Supplemental Materials
Sustainable Technology Supplemental Materials
Financial Growth Supplemental Materials
D E L I V E R I N G S O L U T I O N S , C H A N G I N G T H E WO R LD.Cyber Analytics | Offensive Cyber Capabilities
Highly Specialized Capabilities Serving Rapidly Growing Demand
Strong appetite for non-kinetic Requires cross-functional
cyber capabilities for defense and expert teams of
and intel customers
engineers and scientists
Mission commanders are with high-level security
waking up to the realm of clearances.
the possible and seeing
successes in the field.
Rules of engagement are Lowest cost not a
being loosened to allow primary concern —
more authority to deploy technical reputation and
cyber techniques. ability to deliver under
demanding constraints is
$
Future of warfare is in the
shadows — quietly achieving the differentiator when
information and resource pursuing classified
superiority with little risk funding.
to personnel and assets.Cyber Analytics | Defensive Cyber Operations
Securing Critical Assets from Sophisticated Attacks
PCs and the internet are no longer the only cyber
attack vector.
Billions of embedded devices and systems are
vulnerable to sophisticated attacks. MICROELECTRONICS SPACE SYSTEMS MEDICAL DEVICE
SYSTEM AND GROUND ELECTRONICS
Enemies are becoming increasingly more brazen CONTROL
as cyber yields high ROI and broad range of
attack vectors.
Seeing increased demand for cyber ranges,
testing capabilities and certifications.
KBR is at the forefront of ensuring our nation’s
POSITION, AUTOMOTIVE
assets are secured. NAVIGATION AND SYSTEMS AND
NUCLEAR AND
CRITICAL
TIMING SYSTEMS ELECTRONICS INFRASTRUCTURECyber Analytics | Secure Supply Chain
“Our number one priority, frankly, right now is microelectronics.”
– Mark Lewis, Director of Defense Research and Engineering for Modernization, June 2020
There is a major trend across the KBR has the largest cross-
U.S. government to adopt a zero- functional team supporting the
trust model which includes DoD with the development
securing microelectronics from of trusted chipsets and
supply chain cyber attacks. techniques for identifying
compromised devices.
Most microelectronics
manufacturing is performed There will be a major push across
overseas without stringent security the DoD in coming years to
controls. establish secure engineering
standards to verify the security
DoD is waking up to the fact
of new components and test
that critical platforms and
billions of chips to find evidence
weapons systems could be
of compromise.
compromised through implants
in microelectronic components
and firmware IP.Cyber Analytics | Positioning, Navigation & Timing
KBR operates more advanced GNSS simulators than any other organization in the world. We are at the
forefront of developing technologies that will feed into the next generation of GPS satellite systems.
KBR provides the entire spectrum of Rapid growth in space development and small
PNT services with a team that includes satellites is leading to the emergence of new
some of world’s foremost subject supplemental GNSS technologies that
matter experts. decrease reliance on primary systems such as
GNSS (satellite-based navigation GPS and provide additional services.
including GPS) is a critical technology
component of many high-growth As militaries become more reliant on
markets: GNSS systems, navigation warfare
Military/precision targeting will become a critical component of
Commercial air traffic (NextGen any future wartime strategy.
ATC)
GNSS systems are constantly being
Self-driving vehicles developed and upgraded to improve
Network/5G timing security and reliability. All require
synchronization
analysis and expertise.
Precision agriculture
Unmanned aerial vehiclesCyber Analytics | Critical Infrastructure
A growing number of adversarial foreign states are, “... developing the capacity to exploit,
disrupt or degrade our critical infrastructure, likely in an effort to influence or coerce U.S. KBR at Forefront
decision-makers in a time of crisis by holding critical infrastructure at risk of disruption.” • Broad support to DoD
– 2020-2022 National Counterintelligence Strategy of the U.S.
Defend Forward strategy;
defensive protection and
Critical Infrastructure Risk Accelerating offensive deterrence
Increasing vulnerabilities with expansion of cloud computing, grid modernization, • Support to intel and
globalization, third-party services
counter-intel agencies
Adversarial intent to hold infrastructure at risk, Advanced Persistent Threat
• Owns and operates
Impacts of attack to national security, economy and society immense advanced cybers ranges
U.S. DoD Defend Forward Strategy to deter and stop cyber threats before they that includes ICS test
reach critical infrastructure targets capability
Cyber evolution –
an “All Society”
threat
2009 2018 Today
Sector Specific All Government All SocietyAppendices
Space Superiority Supplemental Materials
Cyber Analytics Supplemental Materials
Sustainable Technology Supplemental Materials
Financial Growth Supplemental Materials
D E L I V E R I N G S O L U T I O N S , C H A N G I N G T H E WO R LD.Sustainable Technology | Today’s Portfolio
Market drivers highly aligned with
our IP portfolio and domain
expertise
Growing number of countries and
companies targeting carbon
Digital asset management, Technology-Led Advisory Advising governments and neutrality and net-zero carbon
remote operations, Industrial and companies on energy emissions
advanced simulation, Solutions Consulting transition, circular economy, Continuing investments to diversify
AI/ML-based maintenance digitalization and more
end products, reduce emissions and
Sustainable improve efficiency
Technology
World-class integration and World-leading, innovative,
Solutions Continued investment in circular
supply chain management, disruptive portfolio of
digitally enabled design sustainability-focused
economy and recycling
and engineering Integrated technologies and IP Global population growth drives
Solutions Technology demand for ammonia to make
fertilizers for food production
Expanding middle class and
commercial development drives
demand for non-single-use plastics
and other specialty chemicalsSustainable Technology:
KBR Innovations Delivering A Clean Future
CARBON CAPTURE DECARBONIZATION RENEWABLE HYDROGEN GREEN, CLEAN CIRCULAR
STORAGE AND OF EXISTING BIOFUELS EXPERTISE PROCESS ECONOMY
UTILIZATION ASSETS TECHNOLOGY
Innovative carbon Proprietary software Developing and Extensive hydrogen Full suite of Exclusive licensing
capture and and tools to monitor designing expertise with NASA innovative, partner for
sustainability and optimize output innovative biofuel range and launch disruptive, clean proprietary,
solutions (e.g., and efficiency and solutions for operations and energy- innovative plastics
Monolith and reduce emissions clients spanning efficient process recycling technology,
LanzaTech projects) start-ups to Expertise in technology IP, enabling the circular
Design modernization established players designing complex design solutions, economy
Designed and solutions to improve cryogenics and LNG proprietary
delivered the world’s energy efficiency storage facilities equipment and Govt/C-Suite advisory
largest carbon and output catalyst
sequestration project
Delivering a cleaner, greener future with KBR energy transition expertise and proprietary technologiesSustainable Technology:
KBR, the World Leader in Ammonia Technology
Today, more than KBR K-GreeNTM, a proprietary, end-to-end green ammonia solution
50% of the world’s
ammonia is produced
with KBR’s technology.
World’s largest
ammonia plant with
single converter
Over 3,000 tpd achieved;
EuroChem
Transport
fuel
World’s most energy -
efficient ammonia plant
6.27 Gcal/ton; Chambal, India Power
World’s most reliable
ammonia plant
Almost six years continuous
operation; Yara, NetherlandSustainable Technology:
Innovative, Disruptive, Clean and Green IP
PRODUCES CLEAN, IMPROVES IMPROVES SAFETY AND
REDUCES CARBON IMPROVES ENERGY
SUSTAINABLE END ENVIRONMENTAL REDUCES OPERATIONAL
EMISSIONS EFFICIENCY
PRODUCTS FOOTPRINT HAZARDS
K-GreeN™ | Green ammonia
Ammonia Purifier™ | Ammonia
Ammonia PurifierPlus™ | Blue ammonia
Methanol-Ammonia Co-Production
SCORE™ | Ethylene steam cracking
Hydro-PRTSM | Plastics recycling
K-SAAT™ | Solid alkylation
ROSE® | Bottom-of-the-barrel upgrading
MAX-ISOM™ | Isomerization
K-COT™ | Catalytic olefins
K-PRO™ | Propylene, PDH Sustainable Technology:
Innovative, Disruptive, Clean and Green IP
PRODUCES CLEAN, IMPROVES IMPROVES SAFETY AND
REDUCES CARBON IMPROVES ENERGY
SUSTAINABLE END ENVIRONMENTAL REDUCES OPERATIONAL
EMISSIONS EFFICIENCY
PRODUCTS FOOTPRINT HAZARDS
K-GreeN™ | Green End-to-end solution to Uses renewable electricity, Clean energy, zero-carbon KBR’s ammonia synthesis is Highest reliability; leverages
ammonia produce green ammonia, a making it a zero-carbon solution the most energy efficient; fully KBR’s ammonia and hydrogen
clean hydrogen energy solution; no liquid or vapor integrated scheme handling experience
enabler effluent generation; reduced
equipment footprint
Ammonia Produces ammonia, which can High energy efficiency, lower Less natural gas consumption World’s most energy-efficient KBR’s unique process does not
be used as a cleaner feedstock needs; reduced results in lower CO2; most plant, 6+Gcal/ton ammonia, use pure oxygen, which makes
Purifier™ and alternative to carbon-based equipment; strong impurities reliable process resulting in primary reformer 1/3 smaller, our technology inherently
PurifierPlus™ fuel and feedstock sources removal more stable operations with reduced purge safer
fewer (un)planned shutdowns
and less flaring; world’s
longest continuous running
plant at almost 6 years
Methanol- Based on KBR’s leading ammonia technology and Johnson Matthey’s leading methanol technology, both offering the highest reliability; the integration allows
for optimized equipment footprint and further use; purge gas is fully captured and utilized as feedstock rather than fuel; CO2 is more easily captured and some carbon
Ammonia Co- can be used for methanol production reducing emissions further
Production
SCORE™ | Ethylene Most compact Resource efficiency. SCORE Yields improve carbon Lower process energy
steam design; uniquely capable of offers excellent yields, intensity; less methane required due to better yields
cracking upgrading heavy feeds and resulting in more olefins out production; better recovery
converting them into of feedstock at same process
chemicals rather than fuels throughputSustainable Technology:
Innovative, Disruptive, Clean and Green IP
PRODUCES CLEAN, IMPROVES IMPROVES SAFETY AND
REDUCES CARBON IMPROVES ENERGY
SUSTAINABLE END ENVIRONMENTAL REDUCES OPERATIONAL
EMISSIONS EFFICIENCY
PRODUCTS FOOTPRINT HAZARDS
Hydro-PRTSM |Plastic Enables plastics circular Best-in-class yields with Better thermal High conversion, high energy Hydro-PRTSM is not a
recycling economy; sustainability- flexible product mix, minimal integration making better use efficiency combustion process; it does not
focused, innovative waste, minimal freshwater of energy in general, which produce toxic by-products such
technology that recycles end- needs reduces CO2; high degree of as dioxins
of-life plastic which would process electrification
otherwise be combusted,
sent to landfills or leaked into
the environment
K-SAAT™ | Solid Higher octane and yields than HSE hazards from acid spills are K-SAAT’s carbon emissions are Employs low process (above The K-SAAT catalyst is neither
alkylation comparable far reduced or eliminated due to lower than competing ambient) temperatures and corrosive nor toxic (compared
technologies; OEMs indicate benign nature of the K-SAAT technologies; for example, does not require with other liquid acid alkylation
that CAFÉ standards require catalyst; low equipment count, K-SAAT’s carbon emissions are refrigeration, unlike other technologies)
higher compression implying lower material and 75% of the nearest viable competing technologies
engines, which in turn require fabrication requirements competitor’s carbon emissions
higher octane gasoline.
ROSE® | Bottom-of-the- Allows maximum recovery of An energy-efficient technology Compared with conventional An energy-efficient technology Safer than alternative BoB
barrel, solvent high-quality products from that directs molecules to the SDA, energy savings up to 30% that directs molecules to the technologies; less equipment
de-asphalting residues, from bottom-of- "right" downstream processes resulting in lower carbon "right" downstream processes count and lower temperature
the-barrel by-products to to positively impact intensity to positively impact and pressure
other feedstocks downstream processes and downstream processes and
reduce energy consumption, reduce energy consumption,
material and hydrogen material and hydrogen
requirements requirementsSustainable Technology:
Innovative, Disruptive, Clean and Green IP
PRODUCES CLEAN, IMPROVES IMPROVES SAFETY AND
REDUCES CARBON IMPROVES ENERGY
SUSTAINABLE END ENVIRONMENTAL REDUCES OPERATIONAL
EMISSIONS EFFICIENCY
PRODUCTS FOOTPRINT HAZARDS
MAX-ISOM™ | Isomerization Isomerate is an octane Reduced energy Reduced energy requirement Developed through process
enhancer that allows requirement; significantly compared with alternate intensification, MAX-ISOM
improved engine and lower equipment count, with technologies; integrates combines multiple process
fuel efficiency lower material and fabrication exothermic heat of reaction steps in a single step, improving
requirements with process heat demand energy efficiency
K-COT™ | Catalytic olefins Utilizes an environmentally Higher energy efficiency, fewer Catalytic process resulting in Fewer process steps (no pre-
friendly catalyst process steps resulting in lower lower reaction temperatures processing/
carbon footprint and energy requirements hydrogenation); capable of
consuming bio feeds
K-PRO™ | Propylene, PDH Reduced NOx and CO2 Higher energy efficiency, fewer Continuous process with Non-chromium catalyst; robust
emissions; low flue gas process steps resulting in lower efficient energy integration, and reliable process
particulate emissions; catalyst carbon footprint heat recovery, high conversionAppendices
Space Superiority Supplemental Materials
Cyber Analytics Supplemental Materials
Sustainable Technology Supplemental Materials
Financial Growth Supplemental Materials
D E L I V E R I N G S O L U T I O N S , C H A N G I N G T H E WO R LD.Contract Duration Enables High Visibility
~50%
IAC-MAC, DSTAT, CSTAT
Air Force TENCAP
Special Ops Health & Human Perf 2021 ADJ. EBITDA
FROM TOP
NASA Health & Human Perf PROGRAMS
NASA Mission Systems Ops
NASA Integrated Mission Ops
Aspire Defense
10 YEARS
WEIGHTED AVERAGE
Affinity Flying Training Services TENOR OF TOP
Djibouti Base Ops PROGRAMS
USAF Int’l Base Ops
LOGCAP V
2021 2023 2025
Defense & Intel Science & Space S&S Recompete
GS Int’l Readiness & SustainmentNon-GAAP Reconciliations
Adjusted EBITDA Adjusted EPS
FY20 Actual FY20 Actual 2021 Guidance
Net income (loss) attributable to KBR ($72) EPS (Diluted) $(0.51) $1.39 $1.59
Add Back: Add Back:
Interest Expense 83 Amortization related to acquisitions 0.14 0.25
Provision (benefit) for income taxes 26 Ichthys interest and commercial dispute cost 0.12 0.17
Other non-operating (income) expense (1) Acquisition, integration and restructuring 1.92 0.09
Depreciation & amortization 115 Non-cash imputed interest on conversion option 0.06 0.06
Legacy legal fees 0.04 0.04
EBITDA $151
Non-cash gain on legal entity rationalization (0.04) TBD
Add Back:
Adjusted EPS $1.73 $2.00 $2.20
Restructuring and impairment charges, net of NCI 308
Non-cash gain on legal entity rationalization (7)
Ichthys commercial dispute cost 9
Legacy legal fees 8
Acquisition and integration related expenses 9
Adjusted EBITDA $478Acronyms
D E L I V E R I N G S O L U T I O N S , C H A N G I N G T H E WO R LD.Acronyms
5G - Fifth Generation Technology DSTAT - Defense Systems Technical Area Task K-COT™ - KBR's Catalytic Olefins Technology OK NOW – KBR Network of Well Being
AFRL – Air Force Research Lab EBITDA – Earnings Before Interest, Taxes, Depreciation and K-GreeN™ - KBR’s Green Ammonia Process PC – Personal Computer
Amortization
AI / ML – Artificial Intelligence/ Machine Learning K-PRO™ - KBR’s Propane Dehydrogenation (PDH) PNT – Positioning, Navigation and Timing
EPS – Earnings Per Share technology
Army RCCTO – Army Rapid Capabilities and Critical RDT&E – Research, Development, Test and Evaluation
Technologies Office ESG - Environmental, Social and Governance K-SAAT™ - KBR's Solid Acid Alkylation Technology
R&D – Research and Development
ASU – Air separation Unit FAA – Federal Aviation Administration LOGCAP V - Logistics Civil Augmentation Program
ROI – Return on Investment
ATC – Air Traffic Control Fed Civ – Federal Civilian M&A – Merger and Acquisition
ROSE® - KBR’s Solvent De-asphalting Process
C2 – Command and Control Gcal/ton – Gigacalorie per ton MAX-ISOM™ - KBR’s isomerization technology
SCORE™ - KBR’s Ethylene Steam Cracking Technology
C5ISR – Command, Control, Communications, Computers, GNSS - Global Navigation Satellite System MDA – Missile Defense Agency
Cybersecurity, Intelligence, Surveillance and Reconnaissance SDA – Space Domain Awareness
GPS – Global Positioning System NASA - National Aeronautics and Space Administration
CAGR – Compounded Annual Growth Rate SMC – Space and Missile Center
GS – Government Solutions NASIC - National Air and Space Intelligence Center
CO2 – Carbon Dioxide SMDC - Space and Missile Defense Command
GS – D&I – Government Solutions, Defense & Intelligence NAVAIR - Naval Air Systems Command
COI – Community of Interest STS – Sustainable Technology Solutions
GS – R&S – Government Solutions, Readiness & Sustainment NAWC - Naval Air Warfare Center
CSTAT - Cyber Security and Information Systems Technical SW / HW – Software / Hardware
Area Task GS-Int’l – Government Solution, International NextGen – Next Generation
TCPED - Tasking, Collection, Processing, Exploitation and
DARPA - Defense Advanced Research Projects Agency GS-S&S – Government Solutions, Science & Space NGA - Naval Air Warfare Center Dissemination
DevSecOps - Development, Security and Operations H2 – Hydrogen NOAA - National Oceanic and Atmospheric TENCAP - Tactical Exploitation of National Capabilities
Administration
DHA- Defense Health Agency Hydro-PRTSM – Mura’s Plastics Recycling Technology Tpd – Tons Per Day
NOx - Nitrogen Oxides
DHS – Department of Homeland Security IAC-MAC - Information Analysis Centers (IAC)-Multiple US CYBERCOM - United States Cyber Command
Award Contract (MAC) NRL - Naval Research Laboratory
DIA – Defense Intelligence Agency USAF – United States Air Force
IDIQ – Indefinite Delivery Indefinite Quantity NRO – National Reconnaissance Office
DoD – Department of Defense USGS - United States Geological Survey
I&D – Inclusion & Diversity NSA – National Security Agency
DOE – Department of Energy USMC - United States Marine Corps
IP – Intellectual Property O&M – Operations and Maintenance
VR, AR, 3D – Virtual Reality, Augmented Reality, 3 DimensionalYou can also read
