The onetime construction unit of Halliburton was accused of rigging Army contracts and accepting kickbacks from subcontractors.
EMBARGOED. DO NOT USE UNTIL 6 AM CST FRIDAY MAY 3, 2019. KBR's rebranded logo moves away from Haliburton red, in favor of creating an identity of its own. Photographed at the company's Houston office on Thursday, April 18, 2019, in Houston.KBR, the former engineering and construction unit for oil field services firm Halliburton, has agreed to pay almost $14 million to settle claims it received kickbacks for allegedly rigging government contracts awarded to two subcontractors.
The first sign of potential wrongdoing appeared in a 2006 whistleblower lawsuit filed by an Army veteran from Oklahoma, Bud Conyers, who worked as a truck driver for KBR in Iraq in 2003. In 2005, Conyers The $13.67 million settlement does not involve a determination of liability. KBR reported $7.3 billion of revenue in 2021, two years after stock traders reclassified the company as an information technology company.
“KBR has never admitted and does not admit as part of this settlement that it overcharged or inflated costs or that the government paid any more than it should have paid for the essential services KBR provided in support of the war effort,” the company said. “We are proud of our record serving the armed forces and federal government, including current contracts with the Army.”