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*Bechtel Poised to Report Record $16.3 b Revenue

String of lucrative global deals, including Iraq, will boost results

Bechtel Corp, the San Francisco engineering giant rebuilding Iraq, was poised to report record revenue of $16.3 billion in 2003, reversing a three-year slide.
Bechtel’s work in Iraq has been the focus of international attention since last April, when the company landed a $680 million contract, later upped to $1.03 billion, to rebuild the country. The figure represents the full amount the government will spend on the contract, not the amount Bechtel will keep.

Bechtel isn’t the only construction and engineering company to see similar swings in its revenue in recent years. Fluor Corp, which also is working in Iraq, saw revenue drop last year to $8.8 billion, down 11.6 per cent from the previous year’s total of just under $10 billion.
(Source: The New York Times/ News Service )