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BUSINESS NEWS KBR WINS MAJOR INDUSTRY AWARD FOR “CAMO TO KBR: VETERANS RECRUITMENT AND TRAINING PROGRAM” KBR, Inc. announced that its “Camo to KBR: Veterans Recruitment and Training Program” has received a prestigious Workforce Development Award from the Construction Users Roundtable, a national organization comprised of leaders in the construction industry. According to CURT, the award recognizes companies for “extraordinary, exemplary and innovative recruitment, training, and education programs, which encourage people to pursue careers in construction.” Camo to KBR is a comprehensive initiative to hire, train, develop, and transition military service members into the next generation of craft professionals and create leaders for KBR and the overall construction industry. The initiative is one approach to address craft workforce shortage issues and develop strong military talent into future supervisors and leaders in our industry. Camo to KBR is comprised of several initiatives including on-site project recruitment and training of veterans, partnerships with veterans organizations like NextOp in Houston, and partnering with the National Center for Construction Education & Research on their military credentialing reciprocity program. KBR also collaborated with Ft. Polk base command, Soldier For Life, and Central Louisiana Technical College to create a pipefitting training program for active duty soldiers who are transitioning to civilian life. “KBR is proud to help soldiers build on the foundation of their military training and provide a vehicle for veterans to translate their skills into the craft professions as they transition to civilian life,” said Farhan Mujib, KBR president, Engineering & Construction Americas. “Our
veterans represent an extraordinary pool of talent and discipline that the craft industry needs.” “KBR has a long history of supporting our armed forces in the field and at home and it is our honor to continue that legacy,” Mujib said. KBR is a global provider of differentiated professional services and technologies across the asset and program life cycle within the government services and hydrocarbons sectors. KBR employs more than 34,000 people worldwide (including joint ventures), with customers in more than 80 countries, and operations in 40 countries, across three synergistic global businesses: government services, technology and consulting, and engineering and construction. BECHTEL WINS AWARD FOR DIGITAL INNOVATION Bechtel , a global engineering, procurement, and construction leader, has been awarded the prestigious 2018 Digital Edge 50 Award in recognition of its new Pipeline Integrity Management tool. With support from Bechtel’s Future Fund, an internal incubator which finances development of disruptive technologies, innovators from the Bechtel pipeline business designed the tool to help customers prioritize critical pipeline integrity work and improve overall safety. The tool integrates pipeline data, geographic information systems, and data-science modelling to help customers better forecast maintenance and replacement of pipeline systems. “Bechtel has built more than 50,000 miles of pipeline – enough to circle the earth twice. This extensive experience, combined with our data analytics capabilities, is allowing us to build new predictive models and deliver unparalleled digital solutions for new and existing customers” said Richard Wall, Bechtel’s general manager for pipelines. “Our PIM tool
is one of our key competitive advantages in this sector and we are honored to receive this important award in recognition of the impact it will have across the pipeline industry.” Bechtel began development of the PIM tool after it was recognized that customers needed support establishing new standards of pipeline safety across the world. The tool utilizes massive geospatial data sets and proprietary algorithms, creating detailed risk assessments based on over 100 parameters and relationships known to contribute to pipeline failures. This data is then used to assess the impact of incremental changes in material, construction and geospatial characteristics along the length of the pipeline. Utilizing Bechtel’s Big Data & Analytics Center, the PIM tool can analyze hundreds of thousands of welds and joints of pipe in a matter of minutes, providing valuable assessments of a customer’s pipeline system in record time. Every year, the Digital Edge 50 Award recognizes a select group of digital achievers whose organizations have made great strides toward being a digital-centric business. Entries are judged by a distinguished panel of IT and business leaders on criteria including innovation, complexity, scale, and impact. Bechtel is one of the most respected global engineering, construction, and project management companies. Together with the company’s customers, Bechtel delivers landmark projects that create long-term progress and economic growth. Since 1898, Bechtel has completed more than 25,000 extraordinary projects across 160 countries on all seven continents. Bechtel operates through four global businesses: Infrastructure; nuclear, security, and environmental; oil, gas, and chemicals; and mining and metals.
CONFERENCE CALL, from page 7
RH: I took over management in 2007, right before the re- cession. If there’s one thing I learned from that it was to be alert and nimble. You can’t be overly optimistic. Keep a clear eye on financial performance – things can change quickly. TZL: While M&A is always an option, there’s something to be said about organic growth. What are your thoughts on why and how to grow a firm? RH: Mostly, organic growth has worked for us. We’ve bought or merged two offices. Organic growth allows us to more easily maintain our culture. We’ve never opened an of- fice that we’ve had to close. TZL: What’s your prediction for 2018? RH: Our backlog is as high as it has ever been. We will re- main strong. I think it will be a very good year. There will be a slow down at some point but not in 2018.
construction costs. While I don’t foresee a big downturn, I do think business will not continue to grow as quickly as it has. TZL: They say failure is a great teacher. What’s the big- gest lesson you’ve had to learn the hard way? services. We’re doing industrial and open to pretty much anything that makes sense for us. We just monitor the risk and then if the reward is worth more than the risk, we explore it.” “Not only are we diversifying geographically, but also in terms of
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THE ZWEIG LETTER February 19, 2018, ISSUE 1236
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