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Fluor Corporation's FLR infrastructure business has secured a construction contract from the Texas Department of Transportation (TxDOT) for the State Highway 6 project in College Station, TX.
The $671 million bid-build contract will be recorded by the company in the first quarter of 2025. Construction is expected to start in summer 2025 and reach substantial completion by spring 2030.
FLR Strengthens Partnership With TxDOT for Texas Infrastructure
Fluor has been involved in designing and building infrastructure projects in Texas for nearly 25 years. The company is currently working on several projects, including the I-635 LBJ East and I-35E projects in Dallas, as well as the Oak Hill Parkway and I-35 Capital Express South projects in Austin. Additionally, Fluor is conducting the I-35 NEX South project in San Antonio.
This new award highlights the company's ongoing commitment to infrastructure development in Texas and strengthens its long-term partnership with TxDOT. The SH 6 project marks another significant step in this collaboration as TxDOT continues to address the transportation needs in a rapidly growing area.
Per this contract, FLR will reconstruct and widen a 12-mile stretch of SH 6 between College Station and Bryan. The company will expand the highway from two lanes to three in each direction, increasing capacity for commuters traveling to Texas A&M University and surrounding areas. The highway is part of the Texas Highway Freight Network and the Texas Highway Trunk System, and serves as a Hurricane Evacuation Route.
FLR’s Diversified Approach Strengthens Market Position
The company has been implementing its "Building a Better Future" strategy for more than four years. This strategy focuses on driving growth by expanding into markets beyond traditional oil and gas. The company seeks contracts with fair commercial terms, prioritizing reimbursable deals. It also emphasizes financial discipline, aiming to generate steady cash flow and earnings while maintaining a strong balance sheet. The company is committed to fostering a high-performance culture and advancing diversity, equity, inclusion and sustainability.
The total backlog at the end of 2024 was $28.5 billion, down from $29.4 billion in the year-ago period. Although the backlog has declined due to softness in the Energy and Mission Solutions segments, moving into 2025, Fluor is optimistic about the growing demand trends for its services, with the signing of new contracts and renewing the existing ones.
FLR’s Price Performance
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