Fluor Corporation (NYSE: FLR) announced today that the company and
Greater Gabbard Offshore Winds Ltd. have reached a settlement on all
outstanding claims related to the construction of the Greater Gabbard
offshore wind farm project located off the coast of Suffolk, England.
Financial terms of the settlement will not be disclosed and there is no
material financial impact to Fluor.
The agreement fully resolves all disputes and concludes Fluor’s
involvement in the project.
“Fluor designed and built a safe, fit-for-purpose facility, and we are
pleased that the operating wind farm is meeting the owner’s operating
expectations,” said David Seaton, Fluor's chairman and chief executive
officer.
About Fluor Corporation
For more than 100 years, Fluor Corporation (NYSE: FLR) has partnered
with its clients to design, build and maintain many of the world's most
challenging and complex capital projects. Through its global network of
offices on six continents, more than 40,000 employees provide
comprehensive capabilities and world-class expertise in the fields of
engineering, procurement, construction, commissioning, fabrication,
operations, maintenance and project management. Today, the company
serves a global client base in the energy, chemicals, government,
industrial, infrastructure, operations & maintenance, manufacturing &
life sciences, mining, power and transportation sectors. Headquartered
in Irving, Texas, Fluor ranks 110 on the FORTUNE 500 list and had
revenue of $27.6 billion in 2012. For more information, visit www.fluor.com.
Fluor CorporationMedia Relations:Keith Stephens, 469-398-7624orBrian Mershon, 469-398-7621orInvestor Relations:Ken Lockwood, 469-398-7220orJason Landkamer, 469-398-7222