2011 Results Shine for Nation's Top Contractor

Bechtel Corporation's revenue rose by 18 percent to $32.9 billion, and it reduced its lost time and recordable incident rates by 20 percent, top management reported April 11.

Bechtel Corporation, the top-ranked U.S. contractor in 2011 according to Engineering News-Record, announced strong 2011 results on April 11. Total revenue climbed 18 percent to $32.9 billion, its $53 billion in new contract awards more than doubled the previous year, and it ended 2011 with a project backlog of $104 billion.

San Francisco-based Bechtel's annual report also showed impressive gains in safety. Citing intensified focus on leadership engagement, training, hazard recognition, and field assessments, the report says the corporation’s lost time and recordable incident declined by 20 percent; the Angola LNG project achieved 23 million consecutive hours without a lost-time injury; and five Bechtel National projects were recognized by OSHA's VPP.

"Numerous projects achieved zero accidents in 2011," Chairman/CEO Riley Bechtel and President/COO Bill Dudley wrote in the report's letter to shareholders. "While our performance improved, each project will continue its pursuit of zero accidents and will continue to recognize safety as its most important value."

The company has more than 53,000 employees.

Fluor Corporation, based in Irving, Texas, and ranked second in 2011 by ENR, will announce its first quarter results on May 3 at 5:30 p.m. EDT.

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