Fluor Corporation today announced that Duke Energy's decision to suspend
construction of two new gas-fired power plants in the western United
States is not expected to have a material impact on its 2002 financial
results and reconfirmed its forecast of $2.10 per share for the year.
Duke is expected to make a final decision on the schedule of the
projects in the next few weeks.
Duke/Fluor Daniel, a joint venture between the two parent companies,
performs engineering, procurement and construction services for these
facilities.
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.
Note: This release contains forward-looking statements regarding, among
other things, the Company's projected earning levels. These
forward-looking statements reflect current analysis of existing
information. As a result, caution must be exercised in relying on
forward-looking statements. Due to known and unknown risks, the
Company's actual results may differ materially from its expectations or
projections due to a number of factors including: changes in global
business, economic and political conditions; customer cancellations of,
or scope adjustments to, existing contracts; difficulties or delay
incurred in the execution of contracts; and customer delays or defaults
in making payments. Additional information concerning these and other
factors can be found in press releases as well as periodic filings with
the Securities and Exchange Commission, including the discussion under
the heading "Item 1. Business-Other Matters-Company Business Risks" in
the Company's Form 10-K filed March 21, 2002. These filings are
available either publicly or upon request from Fluor's Investor
Relations Department: (949) 349-3909. The Company disclaims any intent
or obligation to update its forward-looking statements.
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, or fax, +1-949-349-5375, all
of Fluor Corporation.
media, Lisa Boyette, +1-949-349-3652, or Lori Serrato,+1-949-349-7420, or investors, Lila Churney, +1-949-349-3909, or fax,+1-949-349-5375, all of Fluor CorporationURL:http://www.fluor.com