(Source: KBR Inc) FOR IMMEDIATE RELEASE February 4, 2014 HOUSTON -- KBR (NYSE:KBR) announced today it has been awarded a contract for the basic design development for Heerema Offshore Services' large new semisubmersible crane vessel (NSCV) through its subsidiary GVA. A member of KBR's Hydrocarbons Business Group, GVA completed seven months of feasibility and conceptual studies on the NSCV in 2013. The basic design phase of the new vessel will cover the major part of 2014. Expected revenue from the contract will be included in the 2013 fourth quarter backlog of unfilled orders for the Hydrocarbons segment. "Heerema's selection of GVA as a partner in their development of this...
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