As global infrastructure needs continue to expand, there is one company that has delivered engineering, procurement, construction, maintenance (EPCM), and project management to international governments for more than a century: Fluor.
With more than 41,000 employees operating globally, Fluor develops and innovative solutions for complex project issues in diverse industries, including chemicals and petrochemicals, commercial and institutional (C&I), government services, life sciences, manufacturing, mining, oil and gas, power, renewable energy, telecommunications, and transportation infrastructure.
The company continues to secure major global business with the recent $410 million contract to provide Kuwait Oil Company with comprehensive consulting services, specializing in front-end design and project and construction management in support of capital expenditure program for Kuwait.
It was also announced that NuScale Power, for which Fluor is the majority investor, was named a recipient of U.S. Department of Energy (DOE) funding that will support the development, licensing and commercialization of the company’s nuclear small modular reactor (SMR) technology.
Fluor is also enhancing its executive-level talent by Thomas P. D’Agostino as a Senior Vice President of its Government Group (FGG). D’Agostino was previously the Under Secretary for Nuclear Security and Administrator of the National Nuclear Security Administration (NNSA). In addition, Lynn Swann, the former NFL player and President of Swann, Inc., was named to its Board of Directors.
Furthermore, the company is at the forefront of energy innovation. It recently completed the construction of a state-of-the-art solar energy facility in Arizona and is upgrading a vinyl chloride monomer (VCM) plant in Mexico, under a contract valued at $205 million.
Clearly these efforts are paying off. In its Q3 earnings announcement, Fluor reported that new awards for the third quarter were $5.6 billion, including $2.4 billion in Oil & Gas, $1.9 billion in Government and $846 million in Power. In addition, overall profit was up 12 percent from the previous year.
For seeking out global opportunities in energy and infrastructure, while enhancing all U.S. government efforts, we are pleased to announce that Fluor is this week’s “Winning Contractor.”
Stay tuned for more posts about contractors proving to be nimble in the face of challenging times in our “Winning Contractor” series.