KBR (NYSE:KBR) announced today it has been awarded a multiple award, Indefinite Delivery Indefinite Quantity (IDIQ) contract by the U.S. Naval Facilities Engineering Systems Command for global contingency services.

Under the Global Contingency Services Multiple Award Contract (GCSMAC) III, KBR will compete on IDIQ task orders to provide mission-critical support to U.S. Navy facilities around the world. The contract period begins April 2024 and lasts 8.5 years, with a current ceiling value of $2 billion. The task orders are expected to be a combination of cost-plus-award-fee and firm fixed price. The purpose of the contract is to provide short-term facility support services in support of natural disasters, humanitarian efforts, military actions, and to cover incumbent contractors' nonperformance or potential breaks in service at various locations throughout the world. Tasks may include IT support and management, force protection, airfield and port operations, healthcare support, fleet and family readiness, utilities and transportation, among other support services.