Keller hails $207 million US highway contract variation award
Keller Group PLC on Tuesday said it has been awarded a contract variation order relating to the reconstruction of the I-40 highway in the US.
The London-based geotechnical specialist contractor said the contract variation is of $207 million. Keller said it has secured around $380 million in relation to the I-40 reconstruction, of which $70 million has been completed.
The company expects the rest of the work to be completed over the next two to three years.
It added that the multi-year contract supports its longer-term revenue visibility and increases the order book to a ‘record’ level of about £1.9 billion.
Keller said it remains confident of achieving 2026 results in line with expectations.
Chief Executive Officer James Wroath said: ‘We are delighted to have secured further work on this major project, which reflects both the strength of our technical capabilities and the confidence our client has in Keller’s expertise. The reconstruction of the I-40 corridor is a critical infrastructure project, and we are proud to play a key role in helping restore a vital transport link.’
Keller shares rose 3.2% to 2,542.00 pence each on Tuesday morning in London.
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