Fluor Unit Wins $40 Million Project and Expands Presence in Caribbean

Tuesday, December 9, 2003 8:08 am EST

Dateline:

GREENVILLE, S.C.

Public Company Information:

NYSE:
FLR
"This Fleet Outsourcing(SM) relationship with JPSCo expands our presence in Jamaica and adds to our strong experience in the power industry."

AMECO, the fleet management and construction support unit of Fluor Corporation (NYSE: FLR), today announced that it has been awarded a $40-million contract to provide fleet management services to Jamaica Public Services Company (JPSCo).

Under the five-year contract AMECO will acquire, manage and maintain JPSCo's existing 550+-unit fleet, which includes vehicles, vans and construction equipment.

"AMECO is very pleased to partner with JPSCo to bring a comprehensive solution to their fleet management needs," said Gary Bernardez, president of AMECO. "This Fleet Outsourcing(SM) relationship with JPSCo expands our presence in Jamaica and adds to our strong experience in the power industry."

"This contract will help us significantly reduce our costs and allow us to focus more on our core functions of electricity generation and delivery," said Charles Matthews, president and CEO of JPSCo. "Additionally, we are now guaranteed greater availability and reliability of the motor vehicles we need to carry out our daily operations, and this will assist us in improving the quality of service we provide to customers."

AMECO has delivered fully integrated equipment and tool solutions for more than 50 years. The company is focused on two primary businesses, Fleet Outsourcing(SM) and Site Services(SM). The Fleet Outsourcing(SM) business assists clients in the industrial markets, including heavy industrial, power and manufacturing facilities, with complete outsourcing of fleet, tool, and asset management functions. The Site Services(SM) business focuses on providing a complete equipment, tool and indirects service package for construction projects.

The Jamaica Public Service Company, Limited (JPSCo) is engaged in the generation, purchase, transmission and distribution of electricity. A distributor of electricity in the island since 1923, JPSCo serves more than 550,000 customers in a population of 2.5 million.

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, Calif., Fluor is a Fortune 500 company with revenues of $10 billion in 2002. For more information, visit www.fluor.com .

For further information please contact: Jerry Holloway, Media Relations, +1-949-349-7411, or Lori Serrato, Media Relations, +1-949-349-7420, or Lila Churney, Investor Relations, +1-949-349-3909, fax +1-949-349-5375, all of Fluor Corporation

Contact:

Jerry Holloway, Media Relations, +1-949-349-7411, or Lori
Serrato, Media Relations, +1-949-349-7420, or Lila Churney, Investor
Relations, +1-949-349-3909, fax +1-949-349-5375, all of Fluor Corporation/
/Web site: http://www.fluor.com /

   

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@FluorCorp

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