Fluor Corporation (NYSE: FLR) announced today that its joint venture,
FluorAMEC LLC, has been awarded two contracts by the U.S. Department of
Defense to reconstruct Iraq's public works and water sector
infrastructure. Values of the two joint-venture contracts have ceilings
of US$600 million and US$500 million, respectively.
Under these contracts, FluorAMEC will provide design-build construction
services for the rehabilitation of existing, and construction of new,
potable water distribution and treatment systems, municipal sewer
collection and treatment systems, and solid waste management systems
throughout Iraq.
These awards are two of 10 major reconstruction contracts being awarded
by the Department of Defense in support of the Coalition Provisional
Authority Program Management Office (PMO) for services in five sectors
-- electrical, public works/water, transportation/communications,
security/justice, and buildings/education/health. FluorAMEC previously
was awarded a Department of Defense contract for design-build
construction services in the electrical sector.
The PMO manages the $18.4 billion appropriated by the U.S. Congress to
support the reconstruction of Iraqi infrastructure and is responsible
for all activities associated with program, project, asset, construction
and financial management of that portion of the reconstruction effort
undertaken by the United States. The goal of PMO, and the prime
contractors that are selected, is to assist Iraq in rebuilding
infrastructure, growing employment opportunities for Iraqi citizens, and
building skill sets and capacity for a strong and successful future for
Iraqis.
AMEC plc provides engineering, design, project delivery and maintenance
support to clients in the oil & gas; transport; infrastructure and
industrial sectors. The company generated revenues of 4.7 billion pounds
in 2003 and works at the local, national and international levels,
employing 45,000 people throughout the U.K., continental Europe, North
America and some 40 countries worldwide. For more information, visit http://www.amec.com.
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 nearly $9
billion in 2003. For more information, visit www.fluor.com.
For more information, contact Media Relations, Jerry Holloway,
+1-949-349-7411, or Leann Vandergrift, +1-949-349-7420, or Investor
Relations, Lila Churney, +1-949-3493909, fax, +1-949-349-5375, all of
Fluor Corporation/
Media Relations, Jerry Holloway, +1-949-349-7411, or LeannVandergrift, +1-949-349-7420, or Investor Relations, Lila Churney,+1-949-3493909, fax, +1-949-349-5375, all of Fluor Corporation//Web site: http://www.amec.com //Web site: http://www.fluor.com /