FOR IMMEDIATE RELEASE CONTACT: Zelma Branch or
August 23, 2000 Wendy Hall
Halliburton Company
713.676.4371
BROWN & ROOT SERVICES RECEIVES CONTRACT
TO ELIMINATE RUSSIAN INTER-CONTINENTAL BALLISTIC MISSILES
DALLAS, Texas--Brown & Root Services (BRS), a business unit of Halliburton
Company (NYSE: HAL), has been awarded a contract by the Defense Threat Reduction
Agency (DTRA) to provide integrated project management, integrated logistics
support, and data management for a $283-million project to eliminate Russian
Inter-Continental Ballistic Missiles (ICBM) and their silos. The project, a part
of the Strategic Arms Reduction Treaty (START 1), will be based in Russia and
will require establishment of a Project Management Office in Moscow. The
contract, a two-year base agreement with seven option years, will commence in
late September 2000. As prime integrating contractor of the project, BRS will
manage Russian subcontractors.
"We recently completed a similar four-year contract for the DTRA in
Kazakhstan where Inter-Continental Ballistic Missiles were dismantled and the
land returned to the government for agricultural use," said Dave Lesar,
president and CEO, Halliburton Company. "As a known and trusted employer in
Russia, we can lead and coordinate Russian subcontractors through our proven
subcontract management approach."
Halliburton established a Former Soviet Union corporate management in
1991 and has a long-term commitment to the FSU.
-more-
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Brown & Root Services\2
Brown & Root Services, a 20,000 employee global company, operates in
The Americas, the UK, Europe, Africa and the Asia-Pacific, specializing in civil
and facilities engineering and design, construction, logistics, operations and
maintenance.
Founded in 1919, Halliburton Company is the world's leading diversified
energy services, engineering, energy equipment, construction and maintenance
company. In 1999, Halliburton's consolidated revenues were $14.9 billion and it
conducted business with a workforce of approximately 100,000 in more than 120
countries. The company's World Wide Web site can be accessed at
http://www.halliburton.com.
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