Fluor Corporation (NYSE: FLR) today reported that GeneSYS
Telecommunications Limited, a Fluor, HSBC Infrastructure Fund Management
Limited company, has been awarded by the UK Highways Agency a 10.5-year
National Roads Telecommunications Services (NRTS) project. Total
contract value is approximately $860 million. Fluor's portion of the
total contract value is $524 million and will be booked in the company's
third quarter.
The NRTS contract will include design, construction and financing of new
telecommunications systems as well as the upgrade and maintenance of
existing infrastructure throughout England's motorway system, which will
enable the rollout of smart-road technology to enhance road safety and
better inform the travelling public.
Fluor will be responsible for program management, design, construction,
and maintenance of an integrated transmission network.
Key subcontractors to the Fluor team on the project are Alcatel, Peek
Traffic and Mott MacDonald.
"We are excited by the opportunity to serve the Highways Agency and
build a relationship with a customer that offers the potential for
extensive future business for Fluor," said Patrick Flaherty, managing
director of Fluor Limited.
The Highways Agency Chief Executive Archie Robertson said, "The NRTS
system will improve road safety, information to travellers and journey
reliability. We look forward to working with Fluor and the GeneSYS team
to deliver this critical project successfully."
Fluor 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 $9.4 billion in 2004. For more information,
visit www.fluor.com.
Leann Vandergrift/Lisa Boyette
Media Relations
949.349.7420/3652
tel
Janet Kearns
Media Relations
01932 246120/0208 222 7057 tel
0208
222 7059 fax
Media Relations, Leann Vandergrift, +1-949-349-7420, or LisaBoyette, +1-949-349-3652, or Janet Kearns, 01932 246120, or 0208 222 7057, orfax, 0208 222 7059, all of Fluor Corporation//Web site: http://www.fluor.com /