Fluor Awarded Program Management Contract for New Harvard Research Facility

September 27, 2005

Fluor Corporation (NYSE: FLR) today announced that it has been awarded a contract from Harvard University to provide program management services for the design and construction of a new science building. Fluor's contract value was not disclosed and was booked in the company's second quarter.

Located on the Harvard University campus in Cambridge, Mass., the Northwest Science Building will provide the university science community with open laboratory spaces that encourage interdisciplinary research. The innovative 510,000-square-foot facility will include a variety of spaces, including classrooms, teaching laboratories and seminar rooms, and will accommodate the collaborative research and teaching efforts of scientists from many different disciplines, such as neuroscience, bioengineering and biophysics.

Site work is currently under way, and the facility is scheduled for substantial completion at the end of 2007.

"Fluor's leadership in creating state-of-the-art research and development laboratories comes from our unique combination of experience delivering these projects for university, private nonprofit, government and corporate clients," said Steve Hopkins, a vice president in Fluor's Industrial & Infrastructure group. "This award clearly affirms Fluor's leadership in the research and development market, and we are honored to be working with such a prestigious institution."

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 $9.4 billion in 2004. For more information, visit www.fluor.com.

Leann Vandergrift/Lisa Boyette
Media Relations
949.349.7420/3652 tel

Ken Lockwood
Investor Relations
949.349.3815 tel
949.349.5375 fax

Media Relations, Leann Vandergrift, +1-949-349-7420, or LisaBoyette, +1-949-349-3652, or Investor Relations, Ken Lockwood,+1-949-349-3815, or fax, +1-949-349-5375, all of Fluor Corporation//Web site: http://www.fluor.com /