San Francisco, CA - May 17, 2007
Bechtel has been named the top U.S. contractor for the ninth consecutive year byEngineering News-Record (ENR), a leading U.S. trade publication for the construction industry.
Bechtel Named Top U.S. Construction Contractor
ENR’s Top 400 Contractors list is based on revenue. In 2006, Bechtel had its fourth straight record year with revenue of $20.5 billion, a 13 percent increase over 2005.
“We are proud to be recognized again as the top U.S. construction company,” said Chairman and CEO Riley Bechtel. “The number one ranking reflects our commitment to customers and our ability to perform quality work on time and within budget.”
Strong project execution combined with a diverse, international business portfolio helped Bechtel retain its top position.
Bechtel’s project highlights for 2006 included the start of work in India on expansion of what will be the world’s largest refinery; collaboration with the University of California on management and operation of Los Alamos National Laboratory, the nation’s premier institution for defense research; successful work on high-profile civil projects ranging from the London Underground to the Tacoma Narrows Bridge in Washington state; the completion of two major power plants ahead of schedule; progress on construction of aluminum smelters in Oman and Iceland; and ongoing work to upgrade Cingular’s wireless network across the United States.
Engineering News-Record, a McGraw-Hill publication, has been reporting news and intelligence on the global construction market for more than 130 years. ENR’s Top 400 Contractors issue is available atwww.enr.com.
Since its founding in 1898, Bechtel has worked on more than 22,000 projects in 140 countries on all seven continents. Today Bechtel’s 40,000 employees are teamed with customers, partners, and suppliers on hundreds of projects in nearly 50 countries.
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