Fluor Extends Strategic Outsourcing Contract With IBM

ARMONK, NY - IBM (NYSE: IBM) today announced that it has signed a three-year, approximately $130 million contract extension with Fluor Corporation (NYSE: FLR) for information technology (IT) outsourcing services.

As part of the agreement, IBM will continue providing help desk, data center and server services, network management, desk side support, SAP hosting, IT security and disaster recovery services. IBM’s global delivery network and resources will provide services to Fluor’s 74 country locations around the world with centers in Canada, the United States, India and Poland providing primary support.

“Fluor has experienced tremendous growth over the last several years and with our flexible, resilient, and secure IT infrastructure, we have been able to rapidly scale and support this development around the globe,” said Ray Barnard, Fluor Corporation’s Chief Information Officer. “Our relationship with IBM has been a valued asset to our business and we look forward to continuing our partnership.”

“IBM has the industry and technology experience to truly understand what is required to support a global business as it expands,” said Renie Craft, IBM Global Technology Services vice president, Industrial Sector. “Our expertise and global delivery capabilities have helped build a solid relationship with Fluor and are pleased to continue supporting their business growth objectives.”

The new three-year agreement was signed in October 2008 and extends the previous contract signed in January 2006.

About Fluor Corporation
Fluor Corporation (NYSE: FLR) provides services on a global basis in the fields of engineering, procurement, construction, operations, maintenance and project management. Headquartered in Irving, Texas, Fluor is a FORTUNE 500 company with revenue of $16.7 billion in 2007. For more information, visit http://www.fluor.com.

About IBM
For more information, visit http://www.ibm.com/services.