Keller secures $207m variation to I-40 contract

(Sharecast News) - Geotechnical contractor Keller said on Tuesday that it has been awarded a contract variation order in relation to the reconstruction of the I-40 highway in the US.

Keller, which started working on the I-40 project in 2025, said the latest agreement followed a series of work packages that it was already undertaking.

To date, Keller has secured roughly $380m of work in relation to the I-40 reconstruction, including the $207m contract variation, of which approximately $70m has been completed.

The FTSE 250-listed firm stated remainder of the work was expected to be completed over the next "two to three years".

Keller added that the multi-year contract supported its longer-term revenue visibility and increased its order book to "a record level of approximately £1.9bn", leaving it confident of its ability to deliver 2026 full year results in line with expectations.

Chief executive 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."

As of 0810 BST, Keller shares were up 0.97% at 2,488p.

Reporting by Iain Gilbert at Sharecast.com

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