Fluor Awarded Missile Defense Construction Contract By U.S. Army Corps of Engineers

April 24, 2002

Fluor Corporation today announced that Fluor Alaska Inc. has been awarded a contract to provide construction services for the U.S. Ground-Based Midcourse Missile Defense (GMD) test bed facilities. The three-year contract has a potential value of up to $325 million, $160 million of which will be booked in the current fiscal quarter.

Awarded by the U.S. Army Corps of Engineers (USACE), the contract calls for the construction of GMD test bed facilities that will be used to validate the GMD operational concept in Fort Greely, Alaska, and at Eareckson Air Force Station on Shemya Island, Alaska. Fluor will execute the project out of its Alaska office, with management support from its Government Services group, Fluor Federal Services, in Richland, Washington.

"We are proud to have been awarded this contract to support America's defense system, given its national and international importance, security requirements, tight schedule and difficult environment," said Fluor's Ron Peterson, group executive of Government Services. "Along with the USACE, we are committed to working with the small businesses and Alaskan residents to make this project successful. Fluor is recognized as a leader in the engineering and construction industry, and this contract award broadens our participation in the federal services marketplace, which is a strategic priority of ours and fits the spectrum of services we wish to provide the Department of Defense."

Fluor Alaska, Inc. and its subcontractors will employ 350 to 400 workers at the high point of the Fort Greely construction activity. The government's intent is to provide a maximum opportunity for Alaskan firms and qualified Alaskan workers to be employed in this construction project.

The GMD is a critical element of the U.S.' Ballistic Missile Defense System. It is being developed to defend the entire United States during the midcourse segment of a hostile missile's attack. The test bed facilities that will be constructed at Fort Greely and Shemya installations will allow validation of potential activities associated with the GMD operational concept by testing the interoperability of the GMD components in a realistic environment. These test bed facilities also will assist in the validation of the GMD operational concept by validating activities, such as construction techniques, operational procedures, installation, checkout, assembly and maintenance. The GMD test facility will cover about 260 acres at Fort Greely and a small area at Eareckson AFS.

Fluor Corporation (NYSE: FLR) provides services on a global basis in the fields of engineering, procurement, construction, operations, maintenance and project management. Headquartered in Aliso Viejo, California, Fluor is a Fortune 500 company with revenues of $9 billion in fiscal year 2001. For more information, visit www.fluor.com.

FOR OPPORTUNITIES IN ALASKA, CONTACT FLUOR:

Persons interested in subcontracting should register on our website: http://www.fluorfederal.com/CONTRACTS

Go to 'Solicitations', 'Are you Registered', and register, then go to 'Other Required Forms' and print out and send in 'Reps & Certs' and 'Reps & Certs Supplement' as described on the website.

For employment opportunities, please visit www.fluor.com to submit a resume or mail it to: Human Resources, Fluor Federal Services, P.O. Box 1050, B4-49, Richland, WA 99352

For further information, please contact Media Relations, Lisa Boyette, +1-949-349-3652, or Lori Serrato, +1-949-349-7420, or Investor Relations, Lila Churney, +1-949-349-3909, fax, +1-949-349-5375, all of Fluor Corporation.

Media Relations, Lisa Boyette, +1-949-349-3652, or LoriSerrato, +1-949-349-7420, or Investor Relations, Lila Churney,+1-949-349-3909, fax, +1-949-349-5375, all of Fluor Corporationhttp://www.fluor.com