Fluor to Manage Charlotte Convention Center Renovations

November 4, 2002

Fluor Corporation (NYSE: FLR) today announced that it has been awarded a contract by the city of Charlotte, N.C., to renovate the Charlotte Convention Center to accommodate trolley and light rail service.

Ranking among the nation's 30 largest convention facilities, the Charlotte center provides 850,000 square feet of enclosed space and encompasses four city blocks. Fluor will provide construction management and other services related to construction of a "through-building" corridor for a vintage trolley and light rail service, while keeping the center open for operations.

To reduce vibration transmission from the rails to the surrounding facility, the project will mount the rails on a floating, concrete isolation slab, supported by large springs. Used commonly in Europe, this technology has seen relatively limited use in the United States.

Construction is under way with completion scheduled by summer 2003. Fluor is executing the project out of its Greenville, S.C., office.

"Fluor constructed the original convention center in the mid-90s, and we're pleased to have been selected to participate in the next phase of its development," said Dwayne Wilson, a president within Fluor's Industrial & Infrastructure group.

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, Calif., Fluor is a Fortune 500 company with revenues of $9 billion in fiscal year 2001. For more information, visit www.fluor.com.

For further information, please contact, media, Jerry Holloway, +1-949-349-7411, or Lori Serrato, +1-949-349-7420, or investors, Lila Churney, +1-949-349-3909, or fax, +1-949-349-5375, all of Fluor Corporation.

media, Jerry Holloway, +1-949-349-7411, 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