Fluor 2004 Annual Report Download - page 16

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14
FLUOR CORPORATION 2004 ANNUAL REPORT
Fluor’s Government business segment
delivered exceptional growth in 2004,
with operating profit increasing 74 per-
cent to $83 million. New awards grew
13 percent to $2.3 billion, and backlog
rose 2 percent to $1.5 billion.
Building on its experience and long
history working for the Department
of Energy (DOE), Fluor has broadened
its participation in the government
services marketplace and is also now
actively working for the Departments
of Defense, State, Labor, and Home-
land Security, as well as various other
federal agencies.
Fluor is continuing to execute work on its two principal DOE
contracts for environmental remediation at former nuclear weapons
complex sites at Hanford, Washington, and Fernald, Ohio. Fluor has
been working at the Fernald site since 1992, and within its current
contract will bring the site to closure in 2006 as undeveloped park-
land. On July 1, the Hanford project team achieved a major project
milestone by moving the last canister of spent nuclear fuel from
50-year-old reactor basins, located just 400 yards from the Columbia
River. Together, the two basins once held about 2,106 metric tons of
radioactive materials. Achieving this milestone represents a critical
step in environmental risk reduction at Hanford. Subsequently,
work was initiated to remove the remaining radioactive sludge
from the basin floor.
Leveraging its nuclear facility and accelerated cleanup experi-
ence at the Hanford and Fernald sites, Fluor will be pursuing
additional opportunities with the National Nuclear Security Adminis-
tration and the DOE, which is expected to oversee an unprecedented
level of solicitations over the next two years. Fluor’s highly relevant
experience and strong 45+ year presence in the United Kingdom
also positions the company to assist in the decommissioning of that
country’s nuclear production facility sites, which is expected to ramp
up rapidly over the next two years.
At a dedication ceremony in 2004 of
the U.S. Department of State Embassy
in Abu Dhabi, Major General (Retired)
Charles E. Williams, Director/Chief
Operating Officer, congratulated the
J.A. Jones International (part of the
Fluor Government Group) project team
for an innovative design and a success-
ful project, critical to the safety and
security of the U.S. diplomatic mission
in the United Arab Emirates.
The Qudas Power Plant north of
Baghdad, Iraq, is one of several new
generators brought online in 2004.
Under contract with the U.S. Army
Corps of Engineers, Fluor completed
the installation and commissioning in
12 months, which included 3.8 million
manhours of local Iraqi labor. The
completion of this project added more
than 10 percent to the Iraqi national
electrical grid.