Fluor 2007 Annual Report Download - page 38

Download and view the complete annual report

Please find page 38 of the 2007 Fluor annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 125

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125

In Transportation, we continue to promote our business model of large complex projects. We provide
a broad range of services including consulting, design, planning, financial structuring, engineering and
construction management, domestically and internationally. Our service offerings include roads, highways,
bridges, rail and airports. As demand for these services increases while at the same time government
budgets become increasingly constrained, many of our projects involve the use of so-called public/private
partnerships. Under these arrangements, we are able to develop and finance deals in concert with public
entities for projects such as toll roads which would not have otherwise been commenced had only public
funding been available.
Mining and metals has been a particularly strong area of growth. For many years, mining did not
receive adequate investment; as commodity prices and business and consumer demand has increased,
mining opportunities have similarly increased. The company has traditionally provided the full range of
EPCM services to the mining industry. We believe we are one of the few companies with the size and
experience to pursue large scale mining projects in difficult locations.
Life Sciences, encompassing primarily the pharmaceuticals and biotechnology industries, remains a
key focus of the Industrial & Infrastructure segment. In this area, we provide design, engineering,
procurement, construction and construction management services. We also specialize in providing
validation and commissioning services where we not only bring new facilities into production but we also
keep existing facilities operating. As a fully integrated provider of services to Life Sciences customers, we
can provide all the necessary tools to successfully create and complete projects. The ability to do this on a
large scale basis, especially in a business where time to market is critical, allows us to better serve our
customers and is a key competitive advantage.
In Telecommunications, we provide design, engineering, procurement and construction management
services, especially in the European markets.
In Manufacturing, we provide engineering, design, procurement, consulting, construction and
construction management services to a wide variety of industries. We have seen particular growth in the
consumer electronics arena in areas such as glass manufacturing where a facility can manufacture glass for
flat panel monitors, notebook computers and flat screen televisions. Similarly, we have seen opportunities
for chip fabrication and microelectronic facilities.
We also continue to pursue projects in the Healthcare market. Potential projects include for-profit
and nonprofit healthcare centers as well as university medical centers.
Government
Fluor’s Government Group is a provider of engineering, construction, contingency response,
management and operations services to the United States government. In the United States, we are
primarily focused on the Department of Energy, the Department of Homeland Security and the
Department of Defense. Because the U.S. government is the single largest purchaser of outsourced
services in the world, with a relatively stable year-to-year budget, it represents an attractive and less cyclical
growth opportunity for the company.
Services that we provide to the Department of Energy for their project site in Hanford, Washington
include site management, environmental remediation, decommissioning, engineering and construction. We
have been very successful in addressing the myriad of environmental and regulatory challenges associated
with these types of sites, as evidenced by our successful and timely closure of the Department of Energy’s
superfund site in Fernald, Ohio. We are leveraging our skills and experience to pursue attractive domestic
and international opportunities with the Department of Energy, the National Nuclear Security
Administration and the Nuclear Decommissioning Authority (United Kingdom).
Fluor’s Government Group provides engineering and construction services, as well as contingency
operations support, to the Department of Defense. We support military logistical and infrastructure needs
around the world. In combination with our subsidiary, Del-Jen, Inc., we are a leading provider of
outsourced services to the federal government. We provide operations and maintenance services at military
5