IRVING, Texas--(
BUSINESS WIRE)--Aug. 14, 2006--Fluor Corporation (NYSE:FLR) gained a major contract with the U.S. Navy early this month when it was awarded the Global Contingency Construction -- Multiple Award Contract, known as GCC-MAC, involving contingency construction worldwide to support relief and rebuilding efforts in the wake of natural disasters, humanitarian efforts and other emergency situations. The indefinite delivery/indefinite quantity contract is for one year, with a value of up to $200 million, and offers four additional one-year option periods. In total, the potential five-year contract could be worth up to $1 billion.
"We will bring our strongest resources together to meet the requirements of this assignment, which will take place in demanding regions globally," said Alan Boeckmann, chairman and chief executive officer of Fluor Corporation. "We have past experience supporting the U.S. Navy and have the expertise and capabilities to quickly mobilize personnel and cost-effectively deliver equipment to support its important mission."
The contract's scope of work includes supervision of construction, procurement and shipment of equipment and materials, providing labor and any other tasks associated with providing a quick response to the government's construction needs.
While most of the work done under the GCC-MAC contract will be construction, the contract could also include some base operations support services, which could coincide with construction efforts.
"The Navy is a valued client, and we're pleased to begin work on this new assignment," Boeckmann said. "The work will require Fluor to undertake large-scale logistical efforts, which will require the rapid movement of people, materials and equipment all over the globe. These are the kinds of projects Fluor is known for, and we will continue to provide the Navy with top-notch service and facilities."
Fluor Corporation (NYSE:FLR) provides services on a global basis in the fields of engineering, procurement, construction, operations, maintenance and project management. Headquartered in Irving, Texas, Fluor is a FORTUNE 500 company with revenues of $13.2 billion in 2005. For more information, visit www.fluor.com.
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Fluor Corporation, Irving Media Relations Keith Stephens, 469-398-7624orSteve Roth, 469-398-7623orInvestor RelationsKen Lockwood, 469-398-7220 orJason Landkamer, 469-398-7222fax: 469-398-7277