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Fluor Awarded FEMA Contract To Support National Emergency Recovery Efforts

Stocks in this article: FLR

Fluor Corporation (NYSE: FLR) announced today that the company was awarded a contract by the Department of Homeland Security’s Federal Emergency Management Agency (FEMA) to provide technical assessment and project management services in support of the agency’s recovery efforts after national disasters. The Public Assistance Technical Assistance Contract has a potential value of up to $500 million over five years. Fluor will book work into backlog as it is awarded by FEMA.

Fluor’s contract is one of four multiple-award contracts announced by FEMA for these services. The period of performance consists of one base year, with four, one-year renewal options. The Public Assistance Technical Assistance Contract carries out the statutory authorities of the Robert T. Safford Disaster Relief and Emergency Assistance Act.

“For the last 15 years, Fluor has consistently and successfully provided technical support services to the FEMA Public Assistance Program,” said Bruce Stanski, president of Fluor Government Group. “We are very proud of our long legacy helping FEMA assist individuals and communities recover from the devastation of floods, tornadoes, hurricanes, earthquakes, and other national disasters. Winning this award affirms our ability to perform in the most challenging and difficult circumstances while making life better for those who have been affected.”

Since 1997, Fluor has worked closely with FEMA to provide technical assistance in disaster-stricken locations. From tornadoes in Wyoming, river floods in North Dakota, earthquakes in California and hurricanes all along the Gulf Coast, Fluor’s expertise in recovery operations allows the company to deliver innovative solutions that meet the needs of disaster victims in a timely manner. During the 2005 hurricane season, Fluor played a vital role in supporting FEMA’s delivery of aid to victims of Hurricanes Katrina and Rita. Over an 18-month period, Fluor helped more than 160,000 disaster victims in Louisiana start to get their lives back to normal.

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