KBR announced today that it expects no disruption to its project being executed through a joint venture with Carillion as a result of Carillion’s announced liquidation yesterday.
In a statement, the company said it had been undergoing contingency planning for the last three months and was well placed to continue operating this contract.
” We do not expect any disruption to the delivery of services, the performance of the contract or the cash-flow from the contract because of Carillion’s liquidation.”
KBR President and CEO Stuart Bradie said: “We’ve been aware of Carillion’s challenges for some time and have taken necessary steps to facilitate a seamless transition and we are operating business as usual. We will continue to work closely with the Ministry of Defence, and the administrator to explore options to ensure the continued long-term success of MoD programmes.”
