IRVING, Texas--(BUSINESS WIRE)--Fourth graph, first sentence should read: “The Boeing Company has a long history of managing large-scale research and development programs,” said Greg Deiter, vice president of Boeing Defense & Government Services (sted “The Boeing Company currently manages more than $8 billion in annual research and development programs,” said Greg Deiter, vice president of Boeing Defense & Government Services).
The corrected release reads:
FLUOR AND BOEING TEAM TO PURSUE SANDIA NATIONAL LABORATORIES WORK
Two Renowned Companies Bring Significant Engineering and Project Management Expertise to the DOE Marketplace
Fluor Corporation (NYSE: FLR) announced today that the company has reached a teaming agreement with Boeing (NYSE: BA) to pursue work from the United States Department of Energy (DOE) at its Sandia National Laboratories.
Sandia is a government-owned, contractor-operated facility that is managed on behalf of the DOE’s National Nuclear Security Administration (NNSA). Sandia has major facilities in Albuquerque, N.M., and Livermore, Calif., and an annual operating budget of approximately $2.5 billion. The current contract expires in September 2012.
“We believe that the complimentary resources and skill sets of two world-class companies like Fluor and Boeing offer the NNSA an extremely compelling value proposition," said Greg Meyer, senior vice president of Fluor Government Group. "Fluor's work as a preeminent DOE contractor positions our company well to understand the needs of Sandia and the Nuclear Security Enterprise. We look forward to bringing our experience from across the DOE complex along with our unmatched operations expertise to support the team.”
“The Boeing Company has a long history of managing large-scale research and development programs,” said Greg Deiter, vice president of Boeing Defense & Government Services. “We will draw on that experience to offer innovative approaches to meet the NNSA's objectives of strengthening performance on national security missions; reducing costs; and supporting operations as an integrated Nuclear Security Enterprise.”
“We also offer a unique capability to evolve our support to broader national security tasks in a way that will be complementary to the nuclear security mission,” Deiter added.
Fluor, a longtime DOE contractor, applies its program management expertise to provide safe, dependable, and value-added operations services across the DOE complex at Savannah River in South Carolina, Hanford in Washington State and Portsmouth in Piketon, Ohio. For more than six decades, Fluor has assisted the DOE along with other international government agencies in addressing their urgent national nuclear priorities. Boeing has supported national nuclear programs at Sandia and elsewhere for more than five decades.
About Boeing
A unit of The Boeing Company, Boeing Defense, Space & Security is one of the world's largest defense, space and security businesses specializing in innovative and capabilities-driven customer solutions, and the world’s largest and most versatile manufacturer of military aircraft. Headquartered in St. Louis, Boeing Defense, Space & Security is a $34 billion business with 68,000 employees worldwide. Follow Boeing on Twitter: @BoeingDefense.
About Fluor Corporation
Fluor Corporation (NYSE: FLR) designs, builds and maintains many of the world's most challenging and complex projects. Through its global network of offices on six continents, the company provides comprehensive capabilities and world-class expertise in the fields of engineering, procurement, construction, commissioning, operations, maintenance and project management. Headquartered in Irving, Texas, Fluor is a FORTUNE 200 company and had revenues of $22 billion in 2009. For more information visit www.fluor.com.