Market Overview

Fluor Set to Modernize Red & Purple Rail Lines in Chicago


Fluor to design and build Chicago Transit Authority's largest capital
project in history

(NYSE:FLR) announced today that the joint venture team
of Walsh Construction Company and Fluor has been selected as the
preferred partner to design and build Phase One of the Red and Purple
Line Modernization Program for the Chicago Transit Authority (CTA). The
$2.1 billion project will be the largest capital project in CTA's
history, ultimately resulting in expanded capacity and improved
infrastructure along the region's most used rail lines. Fluor plans to
book its share of the undisclosed design and construction contract value
in the first quarter of 2019.

"Fluor is pleased to have been selected by the CTA to deliver this
massive project on the nearly century-old Red and Purple Lines," said Terence
, president of Fluor's infrastructure business. "When
complete, this project will help build prosperity and empower progress
for the region as well as improve transit for the citizens of Chicago.
This selection further solidifies Fluor's industry-leading expertise in
North America as a frontrunner in transit projects and the delivery of
infrastructure megaprojects."

Fluor and Walsh, along with the team's designer Stantec Consulting
Services, will bring decades of industry megaproject and transit
experience to this massive program that will deliver state-of-the-art
services, improved quality, safety and reliability, and an upgraded
customer experience to the users of the Red and Purple Lines.

The project includes designing and building new elevated tracks along a
1.9 mile section in Chicago including new bridges, support structures
and existing tracks; upgrading 3.2 miles of the signal system;
construction of a grade-separated bypass for the Brown Line at Clark
Junction that will result in improved mobility, and replacing four of
the CTA's busiest stations. The project will begin in the first quarter
of 2019 and is scheduled to be completed in early 2025.

About Fluor Corporation

Founded in 1912, Fluor
(NYSE:FLR) is a global engineering, procurement,
fabrication, construction and maintenance company that transforms the
world by building prosperity and empowering progress. Fluor serves its
clients by designing, building and maintaining safe, well executed,
capital-efficient projects around the world. With headquarters in
Irving, Texas, Fluor ranks 153 on the Fortune 500 list with
revenue of $19.5 billion in 2017 and has more than 56,000 employees
worldwide. For more information, please visit
or follow Fluor on Facebook,
and YouTube.

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