UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of

the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): February 8, 2008

 

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KBR, INC.

(Exact name of registrant as specified in its charter)

 

 

 

601 Jefferson Street

Suite 3400

Houston, Texas 77002

(Address of principal executive offices)

 

Registrant’s telephone number, including area code: (713) 753-3011

 

______________________________

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

 

 

o  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

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On February 8, 2008, we were notified that an award was issued by the panel hearing an arbitration proceeding filed by a subsidiary of KBR, Inc. against Pemex Exploracion y Production (PEMEX) in connection with the EPC 28 contract seeking payment for additional costs in a design and construction project that was completed in 2002. While we are awaiting an official translation of the award, we understand that the net award in our favor is greater than $70 million together with interest accruing from 2002. An additional arbitration proceeding involving the same parties, but relating to a different contract, is continuing.

 

 

 

 

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SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

KBR, INC.