Multi-year US highway contract variation award
Keller Group plc has secured a $207 million contract variation for the I-40 highway reconstruction in the US, bringing the total secured work for this project to approximately $380 million, with about $70 million already completed. The remaining work is expected to be finished over the next two to three years, enhancing the Group's long-term revenue visibility and increasing its order book to a record £1.9 billion. Keller remains confident in delivering its full-year 2026 results in line with expectations.
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Keller Group plc ("Keller"), the world's largest geotechnical contractor, announces that it has been awarded a contract variation order in relation to the reconstruction of the I-40 highway in the US. Keller started working on the I-40 project in 2025 and this latest agreement follows a series of work packages that Keller is already undertaking.
To date and including this latest contract variation of $207m, Keller has secured c$380m of work in relation to the
I-40 reconstruction, of which c$70m has been completed. The remainder of the work is expected to be completed over the next two to three years.
This multi-year contract supports the Group's longer-term revenue visibility and increases the Group order book to a record level of approximately £1.9bn. The Group remains confident of delivering 2026 full year results in line with expectations.
James Wroath, Chief Executive Officer at Keller, 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."
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