KBR received the first payment in a $271-million conditional settlement involving a long-running contract termination dispute on a large Australian power plant project between a consortium in which the firm had a 30% interest and its subcontractor group that included design-build firm CH2M, now part of Jacobs.
The settlement with KBR was announced April 12 by the firm in a press statement, as well as by Jacobs, which acquired CH2M in 2017, in a filing to the federal Securities and Exchange Commission, with the payment noted on April 13. The pact is part of an estimated $472-million settlement between Jacobs and the power plant consortium JKC Australia on the contract for a 360-MW combined cycle power plant at the $40-billion Ichthys LNG megaproject in western Australia.