KBR Announces 2009 Earnings Guidance and Share Repurchase Program

KBR's current estimates for its fiscal year 2009 earnings per diluted share are in-line with the current range reflected among analyst estimates.

Additionally, the Company's Board of Directors authorized a share repurchase program pursuant to which KBR will repurchase shares in the open market to reduce and maintain, over time, KBR's outstanding shares at approximately 160 million shares.