Flowserve Receives Orders of Over $45 Million to Supply Valves for Four Westinghouse Nuclear Power Units in U.S.

DALLAS--(Business Wire)--
Flowserve Corporation (NYSE: FLS), a leading provider of flow control products
and services for the global infrastructure markets, today announced it has
received more than $45 million (USD) in orders from Westinghouse Electric Co.
for four AP1000TM units at two new nuclear power plant sites under construction
in the United States.

Awarded in the third quarter, Flowserve will provide critical safety-related
valves, electric motor actuators, and non-safety-related control, ball and plug
valves for the Westinghouse AP1000TM nuclear power plants.

"We are pleased to be selected by Westinghouse to serve their critical product
needs for these new nuclear power projects in the U.S.," said Lewis Kling,
Flowserve President and Chief Executive Officer. "Because of our decades-long
commitment to the nuclear power industry, Flowserve is very well positioned to
meet the needs of plant operators through our ability to supply a variety of
highly engineered products and services to this growing market."

Flowserve valves will be used at two sites in the Southeastern United States.
The two plants represent the first new nuclear power plant projects in the
United States since 1977.

"As nuclear becomes an increasingly important means of power generation in the
United States and around the world, Flowserve`s expertise, global presence and
network of Quick Response Centers (QRCs) allow us to meet our customers` needs,
especially for safety related valve and actuator applications," said Tom
Pajonas, President, Flowserve Flow Control Division. "It`s these
industry-leading product and engineering capabilities that have allowed us to
successfully serve our customers in the nuclear power market for so many years,"
added Pajonas.

About Westinghouse Electric Co.

Westinghouse Electric Co., a group company of Toshiba Corporation, is the
world's pioneering nuclear power company and is a leading supplier of nuclear
plant products and technologies to utilities throughout the world. Westinghouse
technology is the basis for approximately one-half of the world's operating
nuclear power plants, including 60 percent of those in the United States. For
more information visit the company's Web site at www.westinghousenuclear.com.

About Flowserve Corp.

Flowserve Corp. is one of the world`s leading providers of fluid motion and
control products and services. Operating in more than 55 countries, the company
produces engineered and industrial pumps, seals and valves, as well as a range
of related flow management services. More information about Flowserve can be
obtained by visiting the company`s Web site at www.flowserve.com.

SAFE HARBOR STATEMENT: This news release includes forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933 and Section 21E
of the Securities Exchange Act of 1934, which are made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act of 1995, as
amended. Words or phrases such as, "may," "should," "expects," "could,"
"intends," "plans," "anticipates," "estimates," "believes," "predicts" or other
similar expressions are intended to identify forward-looking statements, which
include, without limitation, earnings forecasts, statements relating to our
business strategy and statements of expectations, beliefs, future plans and
strategies and anticipated developments concerning our industry, business,
operations and financial performance and condition.

The forward-looking statements included in this news release are based on our
current expectations, projections, estimates and assumptions. These statements
are only predictions, not guarantees. Such forward-looking statements are
subject to numerous risks and uncertainties that are difficult to predict. These
risks and uncertainties may cause actual results to differ materially from what
is forecast in such forward-looking statements, and include, without limitation,
the following: a portion of our bookings may not lead to completed sales, and
our ability to convert bookings into revenues at acceptable profit margins;
risks associated with cost overruns on fixed-fee projects and in taking customer
orders for large complex custom engineered products requiring sophisticated
program management skills and technical expertise for completion; the
substantial dependence of our sales on the success of the petroleum, chemical,
power and water industries; the adverse impact of volatile raw materials prices
on our products and operating margins; economic, political and other risks
associated with our international operations, including military actions or
trade embargoes that could affect customer markets, particularly Middle Eastern
markets and global petroleum producers, and non-compliance with U.S.
export/re-export control, foreign corrupt practice laws, economic sanctions and
import laws and regulations; our furnishing of products and services to nuclear
power plant facilities; potential adverse consequences resulting from litigation
to which we are a party, such as litigation involving asbestos-containing
material claims; a foreign government investigation regarding our participation
in the United Nations Oil-for-Food Program; risks associated with certain of our
foreign subsidiaries conducting business operations and sales in certain
countries that have been identified by the U.S. State Department as state
sponsors of terrorism; our relative geographical profitability and its impact on
our utilization of deferred tax assets, including foreign tax credits, and tax
liabilities that could result from audits of our tax returns by regulatory
authorities in various tax jurisdictions; the potential adverse impact of an
impairment in the carrying value of goodwill or other intangibles; our
dependence upon third-party suppliers whose failure to perform timely could
adversely affect our business operations; our dependence on our customers`
ability to make required capital investment and maintenance expenditures; the
highly competitive nature of the markets in which we operate; environmental
compliance costs and liabilities; potential work stoppages and other labor
matters; our inability to protect our intellectual property in the U.S., as well
as in foreign countries; obligations under our defined benefit pension plans;
and other factors described from time to time in our filings with the Securities
and Exchange Commission.

All forward-looking statements included in this news release are based on
information available to us on the date hereof, and we assume no obligation to
update any forward-looking statement.

Flowserve Corporation
Investor Contact:
Paul Fehlman, 972-443-6517
Vice President Financial Planning & Analysis and Investor Relations
or
Media Contact:
Lars Rosene, 469-420-3264
Chief Sustainability Officer and Vice President Public Affairs

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