Innovation and customer success drive last year’s results at global leader in engineering, procurement and construction
Issued by Bechtel
Today, Bechtel Corporation released its Annual Report showing it ended 2018 in a healthy financial position. Through helping customers deliver their most important projects and in making important progress on its own sustainability goals, Bechtel reinforced its standing as a trusted engineering, procurement and construction partner to industries and governments worldwide.
April 17, 2019 - Today, Bechtel Corporation released its Annual Report showing it ended 2018 in a healthy financial position. Through helping customers deliver their most important projects and in making important progress on its own sustainability goals, Bechtel reinforced its standing as a trusted engineering, procurement and construction partner to industries and governments worldwide.
In 2018, which marked Bechtel’s 120th anniversary, the company achieved:
Building on its history of delivering projects that change the world for the better, Bechtel helped customers achieve their objectives. Among the highlights:
“We are grateful for our customers who, in 2018, gave us the opportunity to earn their trust through our performance and shared values,” said company Chairman and Chief Executive Officer Brendan Bechtel. “We are purpose-built to partner with our customers to design and build projects which make the world better, safer, and more sustainable. In 2019, we will continue to invest in our people and capabilities to better serve our customers and their missions.”
Bechtel entered into many new partnerships in 2018. The company was selected as the project manager for design, definition, and delivery partner for Sydney’s new international airport in New South Wales, Australia. The company also was chosen by Texas Central to manage the development of the Texas High Speed Rail project, which seeks to connect Dallas and Houston and benefit roughly 16 million commuters. And Bechtel expanded its work with the Department of Energy, Teck, Cheniere, Tellurian Inc., and several others. These partnerships generated $17.3 billion in new work booked and a year-end backlog of $46.9 billion.
The 2019 report highlights the company’s continuing investment in innovation and sustainability. Bechtel will extend its innovation program, which is was designed to help reduce costs for customers and improve schedule performance and has generated more than 3,000 new ideas from colleagues worldwide in just three years. About 180 of those proposals have been tested and have been deployed on projects or soon will be.
The company also continued to make progress toward its 2030 sustainability goals: contributing 100 ideas to help achieve the United Nations Global Sustainable Development Goals; improving the resilience of five million people to natural hazards through our voluntary initiatives; using sustainable alternatives to reduce our environmental footprint at all of our facilities, and engaging our key suppliers to promote sustainability in the delivery of materials and services.
Bechtel is one of the most respected global engineering, construction, and project management companies. Together with our customers, we deliver landmark projects that foster long-term progress and economic growth. Since 1898, we’ve completed more than 25,000 extraordinary projects across 160 countries on all seven continents. We operate through four global businesses: Infrastructure; Nuclear, Security & Environmental; Oil, Gas & Chemicals; and Mining & Metals. Our company and our culture are built on more than a century of leadership and a relentless adherence to our values, the core of which are safety, quality, ethics, and integrity. These values are what we believe, what we expect, what we deliver, and what we live. www.bechtel.com
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Bechtel is among the most respected engineering, project management, and construction companies in the world. We stand apart for our ability to get the job done rightâ€”no matter how big, how complex, or how remote. Bechtel operates through five global business units that specialize in civil infrastructure; power generation, communications, and transmission; mining and metals; oil, gas, and chemicals; and government services. Since its founding in 1898, Bechtel has worked on more than 25,000 projects in 160 countries on all seven continents. Today, our 53,000 colleagues team with customers, partners, and suppliers on diverse projects in nearly 40 countries. www.bechtel.com
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