Fluor Selected for Facilities Repair and Renewal Contract by the U.S. Army Corps of Engineers

Rhea-AI Summary

Fluor Corporation (NYSE: FLR) has been awarded a spot on the U.S. Army Corps of Engineers' Facility Repair & Renewal Multiple Award Task Order VI contract, valued at up to $450 million over five years. This contract allows Fluor to compete for task orders across the U.S. and globally. Tom D’Agostino, Fluor’s Mission Solutions group president, highlighted the company's experience in contingency construction and disaster recovery, noting previous support for the Army Corps, including recovery efforts in Puerto Rico after Hurricane Maria.

Positive

• Awarded a position on a $450 million contract with USACE, enhancing revenue potential.
• Eligibility to compete for task orders across the U.S and globally, increasing growth opportunities.
• Demonstrated experience in humanitarian assistance and disaster recovery supports organizational credibility.

Negative

• None.

IRVING, Texas--(BUSINESS WIRE)-- Fluor Corporation (NYSE: FLR) announced today that the U.S. Army Corps of Engineers (USACE) Engineering and Support Center selected the company for a position on the Facility Repair & Renewal Multiple Award Task Order (MATOC) VI contract. The indefinite-delivery/indefinite-quantity contract has a combined value not to exceed $450 million during the 5-year period of performance.

With this selection, Fluor is eligible to compete for task orders throughout the United States, its territories and other global locations.

“It is an honor to support USACE with this new opportunity,” said Tom D’Agostino, group president of Fluor’s Mission Solutions business. “This award fits well with what we do best – provide efficient and high-quality contingency construction and renovations, humanitarian assistance and disaster recovery around the world. From helping to restore power to Puerto Rico after Hurricane Maria to having a position on the USACE Europe Sensitive Compartmented Information Facility MATOC contract, Fluor has a history of supporting the Army Corps of Engineers with important missions.”

The Facilities Repair and Renewal program offers a fast-track, efficient method for design and execution of all types of facility repairs, renovations and construction services.

About Fluor Corporation

Fluor Corporation (NYSE: FLR) is building a better future by applying world-class expertise to solve its clients’ greatest challenges. Fluor’s 41,000 employees provide professional and technical solutions that deliver safe, well-executed, capital-efficient projects to clients around the world. Fluor had revenue of $12.4 billion in 2021 and is ranked 196 among the Fortune 500 companies. With headquarters in Irving, Texas, Fluor has provided engineering, procurement and construction services for more than 100 years. For more information, please visit www.fluor.com or follow Fluor on Twitter, LinkedIn, Facebook and YouTube.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220503005340/en/

Brian Mershon

Media Relations

469.398.7621

Jason Landkamer

Investor Relations

469.398.7222

Source: Fluor Corporation

FAQ

What is the value of the contract awarded to Fluor Corporation by the US Army Corps of Engineers?

Fluor Corporation was awarded a contract with the US Army Corps of Engineers valued at up to $450 million.

How long is the contract with the US Army Corps of Engineers for Fluor Corporation?

The contract with the US Army Corps of Engineers is for a five-year performance period.

What opportunities does the US Army Corps of Engineers contract provide for Fluor Corporation?

The contract allows Fluor Corporation to compete for task orders throughout the United States and globally.

Who is the president of Fluor's Mission Solutions business?

Tom D’Agostino is the group president of Fluor's Mission Solutions business.