Press release from Business Wire
Fluor Reaches Settlement Covering All Outstanding Issues on Greater Gabbard
Tuesday, May 14, 2013
Fluor Reaches Settlement Covering All Outstanding Issues on Greater Gabbard23:00 EDT Tuesday, May 14, 2013
IRVING, Texas (Business Wire) -- Fluor Corporation (NYSE: FLR) announced today that the company and Greater Gabbard Offshore Winds Ltd. have reached a settlement on all outstanding claims related to the construction of the Greater Gabbard offshore wind farm project located off the coast of Suffolk, England. Financial terms of the settlement will not be disclosed and there is no material financial impact to Fluor.
The agreement fully resolves all disputes and concludes Fluor's involvement in the project.
“Fluor designed and built a safe, fit-for-purpose facility, and we are pleased that the operating wind farm is meeting the owner's operating expectations,” said David Seaton, Fluor's chairman and chief executive officer.
About Fluor Corporation
For more than 100 years, Fluor Corporation (NYSE: FLR) has partnered with its clients to design, build and maintain many of the world's most challenging and complex capital projects. Through its global network of offices on six continents, more than 40,000 employees provide comprehensive capabilities and world-class expertise in the fields of engineering, procurement, construction, commissioning, fabrication, operations, maintenance and project management. Today, the company serves a global client base in the energy, chemicals, government, industrial, infrastructure, operations & maintenance, manufacturing & life sciences, mining, power and transportation sectors. Headquartered in Irving, Texas, Fluor ranks 110 on the FORTUNE 500 list and had revenue of $27.6 billion in 2012. For more information, visit www.fluor.com.
Keith Stephens, 469-398-7624
Brian Mershon, 469-398-7621
Ken Lockwood, 469-398-7220
Jason Landkamer, 469-398-7222