Fluor Breaks Ground on Los Angeles International Airport Automated People Mover

03/14/19

Fluor to design, build, finance, operate and maintain new airport connection

IRVING, Texas--(BUSINESS WIRE)--Mar. 14, 2019-- Fluor Corporation (NYSE: FLR) announced that its LAX Integrated Express Solutions (LINXS) joint venture team broke ground today on the Los Angeles International Airport’s (LAX) Automated People Mover project for Los Angeles World Airports (LAWA). Fluor and its partners are set to design, build, finance, operate and maintain the $4.9 billion project over the next 30 years. The project is scheduled to be completed in 2023.

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Rendering of the Los Angeles International Airport's Automated People Mover (Photo: Business Wire)

Rendering of the Los Angeles International Airport's Automated People Mover (Photo: Business Wire)

“We are eager to officially begin the construction and advancement of LAX’s world-class facilities,” said Terence Easton, president of Fluor’s infrastructure business. “This project is a signature piece of mega infrastructure that will be ready to welcome the 2028 Summer Olympics, will improve mobility for travelers from around the world and empower progress for the Los Angeles region for generations to come.”

Los Angeles Mayor Eric Garcetti was on hand for the groundbreaking, along with LAWA officials and many other distinguished guests.

The LINXS team is comprised of Fluor, ACS Infrastructure Development, Balfour Beatty, Bombardier Transportation, Dragados USA, Flatiron and Hochtief PPP Solutions. LINXS has been working on the pre-construction phase of the project over the past year.

Fluor is the managing partner of the design-build joint venture team, LINXS Constructors, comprised of Fluor, Balfour Beatty, Dragados and Flatiron. The project includes building six stations along a 2.25-mile guideway where driverless vehicles will arrive to transport passengers every two minutes during peak periods. This new line will offer ridership capacity of up to 10,000 passengers per hour. LAWA anticipates that it will carry 85 million passengers per year, providing a modern, reliable solution to help ease traffic congestion.

Following construction, LINXS Operators, comprising Fluor, ACS, Bombardier and Hochtief, will provide approximately 25 years of operations and maintenance services.

About Fluor Corporation

Founded in 1912, Fluor Corporation (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 $19.2 billion in 2018 and has more than 53,000 employees worldwide. For more information, please visit www.fluor.com or follow Fluor on Facebook, Twitter, LinkedIn and YouTube.

Source: Fluor Corporation

Brian Mershon/Brett Turner
Media Relations
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Jason Landkamer
Investor Relations
469.398.7222

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