Fluor Corporation (NYSE: FLR) has been notified that the United States
Department of Energy (DOE) exercised its option to extend the current
Management & Operating (M&O) contract at the Savannah River Site (SRS)
in Aiken, S.C., for an additional 38 months. The extension will cover
the time period between August 1, 2013 and September 2016. The M&O
contract is currently being executed by Savannah River Nuclear Solutions
(SRNS), LLC, a Fluor-led partnership consisting of Fluor, Newport News
Nuclear and Honeywell.
SRNS was originally awarded the Savannah River M&O contract in January
2008 after an open and competitive bid process. By exercising the option
to extend the term of the contract, DOE and SRNS will continue
uninterrupted management and operation activities as outline in the
contract.
“As the lead partner of Savannah River Nuclear Solutions, Fluor is
extremely proud that the DOE recognized the value that our company and
our partners have been able to bring to the project,” said Bruce
Stanski, president of Fluor’s Government Group. “By leveraging the
combined experience from several world class companies, our team brings
the best practices and corporate reach back to both the Savannah River
Site and the Savannah River National Lab helping them accomplish their
vital missions.”
“We are pleased with the recent announcement by DOE to extend our
contract until September 2016. This announcement is a testimony to the
focus that the SRNS team has put on safety and security, and quality
work performance,” said Dwayne Wilson, president and CEO of Savannah
River Nuclear Solutions. “This extension validates the great work that
our employees have accomplished and the confidence that DOE has in our
ability to get the job done. I'm very proud of our employees and their
on-going commitment to meet DOE's expectations and goals for the
Savannah River Site.”
Fluor has a long and successful history of performing challenging
projects within the DOE Complex. In addition to its current role as the
managing partner on the M&O contract at Savannah River, Fluor serves as
the prime contractor for the decontamination and decommissioning of the
Portsmouth Gaseous Diffusion Plant in Piketon, Ohio. Fluor has worked at
the Hanford Site in Washington State since 1996, including the role of
the Site’s prime contractor for 12 years. From 1992 to 2006, Fluor
executed nuclear cleanup work at the DOE’s Fernald Site near Cincinnati,
Ohio, and completed the project ahead of schedule and under budget.
About Savannah River Nuclear Solutions
Savannah River Nuclear Solutions, LLC, is a Fluor Partnership comprised
of Fluor, Newport News Nuclear and Honeywell, responsible for the
management and operations of the Department of Energy’s Savannah River
Site, including the Savannah River National Laboratory, located near
Aiken, S.C. For more information, www.savannahrivernuclearsolutions.com.
About Fluor Corporation
Fluor Corporation (NYSE: FLR) designs, builds and maintains many of the
world's most challenging and complex projects. Founded in 1912, the
company was started by John Simon Fluor Sr. with a modest investment of
$100. Since those humble beginnings, the company has grown into one of
the largest engineering & construction companies in the world. Fluor is
celebrating its 100th anniversary during 2012.
Today, through its global network of offices on six continents, the
company provides comprehensive capabilities and world-class expertise in
engineering, procurement, construction, commissioning, operations,
maintenance and project management. Headquartered in Irving, Texas,
Fluor is a FORTUNE 200 company and had revenue of $23.4 billion in 2011.
For more information, visit www.fluor100.com
and www.fluor.com.
Fluor CorporationMedia RelationsKeith Stephens, 469-398-7624orBrian Mershon, 469-398-7621orInvestor RelationsKen Lockwood, 469-398-7220orJason Landkamer, 469-398-7222