In his Jan. 28 public debut as Fluor Corp.'s new CEO, David Constable outlined to investors and analysts the contractor's streamlined structure and future strategy priorities, which include boosted cost-plus contracting, more investment in non-traditional markets and capabilities, and rebuild of its bottom line.
Following losses since 2019 spurred by energy-market changes and revelations of cost overruns on fixed-price projects, Fluor announced earlier this month a major corporate realignment to focus global operations in three segments: energy solutions, urban solutions and mission solutions.