Costain wins major HS2 contract
It has been announced that engineering firm Costain has been awarded a contract by HS2 worth upwards of £400m.
The deal will see the group supply tunnel and lineside mechanical and electrical systems over a seven-year period, beginning in the first quarter of 2025.
It comes after a stellar year for the company, which has seen its shares rise over 60 per cent since January.
Costain reported a near-doubling of profit in its half-year results in August. It also announced a £10m share buyback programme.
https://www.cityam.com/costain-wins-major-hs2-contract/