About Fluor CorporationFluor 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, Twitter, LinkedIn and YouTube.
Fluor Corporation (NYSE: FLR) announced today that the Federal Emergency Management Agency (FEMA) has selected Fluor to provide recovery services to Zone 1 of the Public Assistance Division's Technical Assistance Contracts IV (PA-TAC IV). This is part of a new approach by FEMA to align PA-TAC IV contractors with one of three geographical zones to more effectively provide resource support. The Fluor contract includes the zone that extends from along the Atlantic Coast to the Gulf Coast including 19 states and the District of Columbia. The contract has a five-year period of performance and is valued at $610 million. "From tornadoes in Kansas, river floods in North Dakota, earthquakes and flooding in California and hurricanes all along the U.S. Gulf Coast, Fluor has worked closely with FEMA for 20 years to provide assistance in disaster-stricken locations," said Tom D'Agostino, president of Fluor Government Group. "Today, Fluor is on the ground supporting FEMA in Texas and Florida with recovery efforts from hurricanes Harvey and Maria, and in California where the state is recovering from record flooding. This is exactly the kind of work Fluor does well - delivering innovative and integrated solutions that meet the needs of disaster victims in a timely manner. With this contract, we stand ready to continue our work with FEMA and to help those in need in the future." As one of three contractors selected to work on the PA-TAC IV indefinite delivery/indefinite quantity contract, Fluor is responsible for the resource requirements for major disasters and emergencies declared within Zone 1. The PA-TAC IV contract was issued under the Public Assistance Program, as authorized under the Robert T. Stafford Disaster Relief and Emergency Assistance Act. Through this program, FEMA provides supplemental federal disaster grant assistance for debris removal, emergency protective measures, and the repair, replacement and restoration of disaster-damaged, publicly-owned facilities and the facilities of certain private nonprofit organizations. The Public Assistance Program also encourages protection of these damaged facilities from future events by providing assistance for hazard mitigation measures during the recovery process.