Fluor Awarded Second U.S. Army Corps of Engineers Contract to Support Power Grid Repair in Puerto Rico

Wednesday, December 6, 2017 4:37 pm EST

Dateline:

IRVING, Texas

Public Company Information:

NYSE:
FLR
US3434121022

.@FluorCorp awarded second U.S. Army Corps of Engineers contract to support power grid repair in #PuertoRico

IRVING, Texas--(BUSINESS WIRE)--Fluor Corporation (NYSE: FLR) announced today that the company was awarded a second task order under its contract with the U.S. Army Corps of Engineers (USACE) Huntsville (Alabama) Engineering Center to assist with the restoration and rebuilding of transmission and distribution lines in Puerto Rico. The competitively awarded contract includes evaluation, restoration, repair and replacement of structures and equipment supporting the electrical infrastructure of the island.

The three-month single award task order is funded at $495 million with a ceiling of $831 million and is the second awarded to Fluor for power restoration work in Puerto Rico. A previous task order for $240 million was awarded on October 16, 2017, with an additional $261 million being added to the original task order on December 4, 2017. Both task orders represent work assigned to the Corps under a Federal Emergency Management Agency (FEMA) mission. They were both competitively bid and awarded to Fluor under a Basic Ordering Agreement contract.

“Fluor is committed to its support of the Corps and its mission to assist with the ongoing efforts to restore power to Puerto Rico,” said Tom D’Agostino, president of Fluor’s Government Group. “Our job is to help repair and restore transmission, subtransmission and distribution lines, as well as substations across the island. With the support of the Corps and the Puerto Rico Electric Power Authority (PREPA), we are making daily progress. We have people and the equipment in place and are adding resources as needed. In addition, we are working with more than a dozen local businesses and are procuring hundreds of thousands of dollars of local materials. We are grateful for our customer’s show of confidence in our abilities.”

Fluor has a unique combination of government contingency operations, commercial power experience and a 54-year presence in the Commonwealth. The company provides design, engineering, procurement, construction and commissioning services to Puerto Rican clients in a broad range of high employment industries, including power, pharmaceuticals, biotechnology, aerospace, manufacturing and food and beverage. This expertise will enable ongoing efforts to help sustain economic recovery on the island.

About Fluor Corporation

Fluor Corporation (NYSE: FLR) is a global engineering, procurement, fabrication, construction and maintenance company that designs, builds and maintains capital-efficient facilities for its clients on six continents. For more than a century, Fluor has served its clients by delivering innovative and integrated solutions across the globe. With headquarters in Irving, Texas, Fluor ranks 149 on the Fortune 500 list with revenue of $19 billion in 2016 and has more than 60,000 employees worldwide. For more information, please visit www.fluor.com or follow Fluor on social media at Facebook, Twitter, LinkedIn and YouTube.

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Fluor has been awarded a second task order to assist with the restoration and rebuilding of transmission and distribution lines in Puerto Rico. (Photo: Business Wire)
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Fluor Corporation
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Brian Mershon, 469-398-7621
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Brett Turner, 864-281-6976
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Geoff Telfer, 469-398-7070
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Jason Landkamer, 469-398-7222

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