TxDOT Selects Fluor Joint Venture as Preferred Bidder for Horseshoe Project in Dallas

  TxDOT Selects Fluor Joint Venture as Preferred Bidder for Horseshoe Project
  in Dallas

Business Wire

IRVING, Texas -- November 15, 2012

Fluor Corporation (NYSE: FLR) announced today that the Texas Department of
Transportation (TxDOT) named Pegasus Link Constructors LLC (PLC), a Fluor-led
joint venture, as the preferred bidder for the design, construction, and
capital maintenance of the Horseshoe Project in Dallas, Texas. TxDOT’s
estimate for the design, construction, utilities and right of way for the
project is approximately $798 million. The selection was announced by TxDOT
today at a monthly Texas Transportation Commission meeting.

TxDOT’s selection enables PLC and the department to commence contract
negotiations. A notice to proceed is expected in the first quarter of 2013.
Fluor will book the project into backlog once a final contract is approved and
a notice to proceed is issued.

The Horseshoe Project’s scope of work includes I-30 from Sylvan Avenue to
I-35E and I-35E from north of Eighth Street to the I-30/I-35E interchange in
Dallas as well as construction of two fully designed Santiago Calatrava
signature bridges. When completed, the project will correct some of the
existing geometric issues causing congestion, repair and replace some of the
deteriorating structures, and add capacity to the interchange and frontage
roads. The I-30 and I-35E corridor carries more than 460,000 vehicles per
weekday and was rated as the seventh most congested roadway in Texas in 2011.

TxDOT is utilizing design-build project delivery which will result in a
shorter construction schedule and lower overall cost. Construction on the
Horseshoe Project is expected to begin in the summer of 2013 with a projected
completion date of 2017.

Pegasus Link Constructors is a joint venture made up of Fluor Enterprises,
Inc. (55 percent owner) and Balfour Beatty Infrastructure, Inc. (45 percent
owner). The PLC team includes Parsons Brinckerhoff, Inc. (lead designer),
AECOM (design), Raba Kistner Consultants, Inc. (independent construction
quality assurance support and independent environmental compliance support),
Kleinfelder Central, Inc. (geotechnical engineering), VMS (capital
maintenance), and a number of local engineering consultants.

The Horseshoe Project is dedicated to improving mobility along I-30 and I-35E
near downtown Dallas' Central Business District in a safe, efficient,
reliable, and environmentally sensitive manner.

About Fluor Corporation

Fluor Corporation (NYSE: FLR) designs, builds and maintains many of the
world's most challenging and complex projects. Founded in 1912, the company
was started by John Simon Fluor Sr. with a modest investment of $100. Since
those humble beginnings, the company has grown into one of the largest
engineering & construction companies in the world. Fluor is celebrating its
100^th anniversary during 2012.

Today, through its global network of offices on six continents, the company
provides comprehensive capabilities and world-class expertise in engineering,
procurement, construction, commissioning, operations, maintenance and project
management. Headquartered in Irving, Texas, Fluor is a FORTUNE 200 company and
had revenue of $23.4 billion in 2011. For more information, visit
www.fluor100.com and www.fluor.com.


Fluor Corporation
Media Relations
Keith Stephens, 469-398-7624
Brian Mershon, 469-398-7621
Investor Relations
Ken Lockwood, 469-398-7220
Jason Landkamer, 469-398-7222
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