On February 25, 2014, the Board of Directors authorized a plan to repurchase our outstanding shares of common stock, which replaced and terminated the August 26, 2011 share repurchase program. On February 20, 2025, the Board of Directors

authorized $454 million of share repurchases to be added to the prior authorizations, which increased the total amount authorized and available for repurchase under the share repurchase program to $750 million. As of July 3, 2026, $402 million remained available for repurchase under this authorization. The authorization does not obligate us to acquire any particular number of shares of common stock and may be commenced, suspended or discontinued without prior notice. The share repurchases are intended to be funded through our current and future cash flows and the authorization does not have an expiration date.

We have in place a "withhold to cover" program, which allows us to withhold common shares from employees in connection with the settlement of income tax and related benefit withholding obligations arising from the issuance of share-based equity awards under the KBR, Inc. 2006 Stock and Incentive Plan.


	Three months ended July 3, 2026					Six months ended July 3, 2026
	Number of Shares	Average Price per Share		Dollars in Millions		Number of Shares	Average Price per Share		Dollars in Millions
Repurchases under the authorized share repurchase program	730,140	$	34.22	$	25	730,140	$	34.22	$	25
Withhold to cover shares	3,206	34.43		—		92,335	41.99		$	4
Total	733,346	$	34.22	$	25	822,475	$	35.09	$	29


	Three months ended July 4, 2025					Six months ended July 4, 2025
	Number of Shares	Average Price per Share		Dollars in Millions		Number of Shares	Average Price per Share		Dollars in Millions
Repurchases under the authorized share repurchase program	910,056	$	52.72	$	48	3,919,143	$	50.50	$	198
Withhold to cover shares	3,244	51.95		—		116,927	49.05		6
Total	913,300	$	52.72	$	48	4,036,070	$	50.46	$	204