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

IRVING, Texas–(BUSINESS WIRE)–#PuertoRico—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,
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LinkedIn
and YouTube.

Contacts

Fluor Corporation
Media Relations
Brian Mershon, 469-398-7621
or
Brett
Turner, 864-281-6976
or
Investor Relations
Geoff Telfer,
469-398-7070
or
Jason Landkamer, 469-398-7222