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Fluor Corporation Announces Increase in Share Repurchase Program and Declaration of Quarterly Dividend

IRVING, Texas, Nov 04, 2010 (BUSINESS WIRE) -- Fluor Corporation (NYSE: FLR) announced today that its Board of Directors has approved an increase in the Company's share repurchase program of approximately 7.2 million shares, bringing the total number of shares available for repurchase to twelve million. The current authorization is equal to 6.7% of Fluor's shares outstanding at October 29, 2010.

The shares will be repurchased from time to time in open market transactions or privately negotiated transactions at the Company's discretion, subject to market conditions and other factors and at such times and in amounts that the company deems appropriate.

In addition, Fluor Corporation's board of directors has declared a quarterly cash dividend of $0.125 per share on the company's common stock, payable January 4, 2011, to shareholders of record on December 3, 2010.

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/__.

SOURCE: Fluor Corporation

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