News | April 5, 2017

Fluor Wins Bid-Build U.S. 287 Infrastructure Project In Texas

IRVING, TEXAS--(BUSINESS WIRE)--

Fluor Corporation (NYSE: FLR) announced today that it has been awarded a bid-build contract in Texas for the construction of the Texas Department of Transportation’s (TxDOT) U.S. 287 Project in Ellis County, just south of Dallas and Fluor’s corporate headquarters in Irving. Fluor will book the undisclosed contract value in the first quarter of 2017.

“This is a significant strategic milestone for Fluor and will not only help us firmly establish our position in the bid-build market, but also help us to expand our market offering beyond the traditional design-build and private public partnerships,” said Hans Dekker, president of Fluor’s Infrastructure business. “Fluor was selected from a highly competitive field and we look forward to working with the TxDOT to complete this project on time and on budget.”

The project will widen approximately 4.5 miles of U.S. 287 from two lanes to a four-lane, divided asphalt highway with continuous frontage roads. Construction is scheduled to begin in spring of 2017 and will take approximately two years to complete.

The investment by TxDOT in the expansion of U.S. 287, a main arterial route in Ennis, is part of the overall development of Ellis County and will continue the commercial and industrial development of the area.

This is the first project win for Fluor’s heavy civil business, a regional platform to further develop Fluor’s self-perform construction capabilities in Texas and support the growing demand for infrastructure development and investment.

Fluor has been designing and building infrastructure projects in Texas for more than 15 years, and is currently delivering the TxDOT Horseshoe Project in downtown Dallas, as well as the Central Texas Regional Mobility Authority’s 183 South Project in Austin.

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 155 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 us on Twitter @FluorCorp.


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