RESTON, Va., March 16, 2020 /PRNewswire/ -- Bechtel Corporation has released its Annual Report showing the company closed 2019 in a strong financial position. Bechtel helped customers expand air and rail transit for millions of travelers, provide zero-carbon power for communities, and eliminate the environmental risks of hazardous waste, reinforcing its standing as a trusted engineering, procurement and construction partner to industries and governments.
In 2019, Bechtel achieved:
Bechtel built on its history of helping customers change the world for the better. Among the highlights:
"The successes we had in 2019 were the result of close partnership and alignment with our customers," said company Chairman and CEO Brendan Bechtel. "We thank our customers for choosing our people to help design and build projects that are changing the world for the better."
Bechtel entered into many new partnerships in 2019. Among them:
Bechtel in 2019 strengthened its commitment to the development of colleagues in the skilled crafts, with new apprentice programs and partnerships with organized labor unions.
The company continued to invest heavily in innovation. Over the last four years, the company has deployed nearly 250 innovations across 56 projects worldwide to enhance results for customers. Nearly all of these ideas came from Bechtel colleagues working at project sites, where they deliver creative solutions to real-world problems for customers virtually every day.
Investments in operations, particularly through highly integrated and data-centric process, produced more efficient execution on half of our customers. These efforts contributed to our goal to reduce project delivery costs by 20 percent and improve schedule performance by 30 percent.
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