Fluor Formally Dedicates New Global Headquarters in Texas; Dignitaries Join Engineering & Construction Giant for Texas-Style Dedication; Fluor Joins Well-Established FORTUNE 500 Business Community in Texas

June 5, 2006

Engineering and construction giant Fluor Corporation (NYSE: FLR) today officially dedicated its new global corporate headquarters in Irving, Texas. Elected officials, business and community leaders and Fluor employees attended the ceremony.

"This is a historic day for Fluor and our employees," said Alan Boeckmann, Chairman and CEO of Fluor Corporation. "Today, we dedicate this building not only for those employees who are here now, but also for all those who built up this great company over the years and for those who will take it forward in the decades to come."

The official dedication had a decidedly Texas theme as Boeckmann was joined by state and local elected officials to raise a horseshoe on the new building, a time-honored Texas tradition.

"We chose the Dallas/Fort Worth Metroplex because of its proximity to our clients and key financial and government centers, as well as access to international destinations," continued Boeckmann. "Fluor is proud to call D/FW home."

According to FORTUNE magazine, with Fluor's relocation to D/FW in 2006, Texas now claims more FORTUNE 500 company headquarters than any other state in the union, ahead of New York and California.

The build-to-suit corporate headquarters was constructed on a 26-acre property located in the Las Colinas business district of Irving, Texas. The 140,000-square-foot, three-story, dual-wing corporate building was constructed in approximately eight months. Similar projects usually require a 16-month timeline to complete.

"The fact that we were able to complete this impressive structure in such a short time frame is a tribute to all of the members of our team and the cooperation of the City of Irving," said Boeckmann.

The new facility includes premier amenities such as a commercial kitchen and dining area, employee fitness center, 100-seat auditorium, multiple meeting rooms, a "history walk" depicting Fluor's nearly century-long history, three-story glass-enclosed atrium, two-story parking facility, and high-end interior finishes, including custom millwork.

The building is constructed of concrete panels clad in natural Texas limestone and was designed and built to meet the certification requirements for the U.S. Green Building Council's Leadership in Energy and Environmental Design (LEED) Green Building Rating System. The team also worked to preserve as much natural vegetation and as many trees as possible during the construction process.

Koll Development Company (KDC) served as the developer for the project; Clayco was the contractor; Forum Studio Inc. designed the building; and Gensler designed the interiors. In addition, the project design team included Glenn Engineering, civil engineer; L.A. Fuess Partners Inc., structural engineer; and DFW Consulting Group, electrical and mechanical engineer. Cushman & Wakefield served as the company's relocation site evaluation consultant of record.

The new corporate headquarters, which houses approximately 180 employees, is located at 6700 Las Colinas Blvd, Irving, Texas, 75039. The main telephone number is 469.398.7000 and main fax is 469.398.7255.

Fluor Corporation provides services on a global basis in the fields of engineering, procurement, construction, operations, maintenance and project management. Worldwide, Fluor has some 38,000 employees in more than 25 countries on six continents. Now headquartered in Irving, Texas, Fluor is a FORTUNE 500 company with revenues of $13.2 billion in 2005. Fluor was recently ranked the eighth largest company in Dallas/Fort Worth area in the Dallas Morning News Top 200 List. For more information, visit http://www.fluor.com.

Keith Stephens / Steve Roth
Media Relations
469.398.7624 / 469.398.7623 tel

Ken Lockwood / Jason Landkamer
Investor Relations
469.398.7220 / 469.398.7222 tel

media relations, Keith Stephens, +1-469-398-7624, or SteveRoth, +1-469-398-7623, or investor relations, Ken Lockwood, +1-469-398-7220,or Jason Landkamer, +1-469-398-7222, all of Fluor Corporation//Web site: http://www.fluor.com /