Fluor Corporation (NYSE: FLR) announced today it has received a
$102-million task order from the U.S. Army Corps of Engineers to support
ongoing efforts to repair Iraq's electrical infrastructure.
Fluor will repair, replace or supplement generating, transmission, and
distribution systems that are out of service, damaged, or operating at
reduced capacity or efficiency within central Iraq, including Baghdad.
The task order was issued under terms of an indefinite
delivery/indefinite quantity (IDIQ) contract awarded to Fluor in April
2003 in anticipation of potential contingency design and construction
requirements in U.S. Central Command's area of operations. Maximum value
of the contract will be increased to $500 million from its original $100
million, based on unusual and compelling urgency.
The Corps' efforts are in response to mission requirements of the
Coalition Provisional Authority, headquartered in Baghdad. The Corps'
team is a member of the interagency Iraqi power team guided by the CPA
and the Iraq Ministry of Electricity.
Fluor will perform a variety of tasks in support of this mission, such
as repairing existing generation stations; repairing, replacing, and
installing new high voltage transmission lines; repairing medium and low
voltage substations; and rehabilitating distribution control centers.
Additionally, Fluor may be required to provide new generators and
turbines; provide new electrical transmission switching, transformers,
control and monitoring equipment; and construct facilities to support
equipment. It will also develop a logistics management system to
inventory, procure and distribute parts for the power generation and
distribution. This logistics system will enable Iraqi Ministry of
Electricity employees to make necessary repairs to their systems.
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 $10 billion in
2002. 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 Corporation//Web site: http://www.fluor.com /