ITEM 8.01. Other Events.

On January 6, 2009, KBR announced that the Company's current estimates for its fiscal year 2009 earnings per diluted share are in-line with the current range reflected among analyst estimates.

Additionally, the Company's Board of Directors authorized a share repurchase program pursuant to which KBR will repurchase shares in the open market to reduce and maintain, over time, KBR's outstanding shares at approximately 160 millions shares.

The press release announcing the authorization of the share repurchase program is attached hereto as Exhibit 99.1.

ITEM 9.01 Financial Statements and Exhibits.

(d) Exhibits.

99.1 Press Release dated January 6, 2009, entitled "KBR Announces 2009 Earnings Guidance and Share Repurchase Program."

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