Fluor Consortium Selected as Preferred Bidder to Manage and Operate Canadian Nuclear Laboratories

Tuesday, June 30, 2015 9:14 am EDT

Dateline:

IRVING, Texas

Public Company Information:

NYSE:
FLR
US3434121022
"We are delighted that our consortium was selected as the preferred bidder on this contract"

IRVING, Texas--(BUSINESS WIRE)--Fluor Corporation (NYSE: FLR) announced today that the Government of Canada has selected Fluor—part of the Canadian National Energy Alliance (CNEA) consortium—as the preferred bidder to manage and operate Canadian Nuclear Laboratories (CNL), currently a subsidiary of Atomic Energy of Canada Limited (AECL). CNEA also includes CH2M, EnergySolutions and SNC-Lavalin. The Canadian National Energy Alliance will operate Canada’s nuclear research and development laboratories, as well as have responsibility for the decommissioning and radioactive waste management of legacy materials accumulated during more than 60 years of activity across 10 locations in Canada, including the Chalk River and Whiteshell facilities.

“We are delighted that our consortium was selected as the preferred bidder on this contract,” said Bruce Stanski, president of Fluor’s Government Group. “We look forward to engaging CNL and enabling their considerable expertise to further develop the nuclear capability of Canada.”

“We are pleased that the Government of Canada is confident in our team’s ability to successfully and safely transform the Canadian Nuclear Laboratories and secure Canada's role in the global nuclear marketplace,” said Mark Lesinski, CNEA president and chief executive. “CNEA brings a successful track record and extensive nuclear experience that will bring enormous benefits to the decommissioning and clean-up program and in ensuring that Canada's world-class nuclear science and technology capabilities continue to grow and are recognized globally.”

The Government of Canada and CNEA will work to finalize contracts in the coming months allowing CNEA to assume ownership of CNL and begin management and operation of the laboratories.

Canadian Nuclear Laboratories is a world leader in nuclear science and technology offering unique capabilities and solutions across a wide range of industries. They are actively involved with industry-driven research and development in nuclear, transportation, clean technology, energy, defense, security and life sciences, and provide solutions to keep these sectors competitive internationally.

For more information on the contract, please visit: https://buyandsell.gc.ca/procurement-data/award-notice/PW-15-00688176-001.

About Fluor Corporation

Fluor Corporation (NYSE: FLR) is a global engineering and construction firm that designs and builds some of the world's most complex projects. The company creates and delivers innovative and integrated solutions for its clients in engineering, procurement, fabrication, construction, maintenance and project management on a global basis. For more than a century, Fluor has served clients in the energy, chemicals, government, industrial, infrastructure, mining and power market sectors. Headquartered in Irving, Texas, Fluor ranks 136 on the FORTUNE 500 list. With 40,000 employees worldwide, the company's revenue for 2014 was $21.5 billion. Visit Fluor at www.fluor.com and follow on Twitter @FluorCorp.

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