Firm announces motorway signs deal for Highways England
Costain chief executive Andrew Wyllie (pictured) has said trading so far this year is in line with expectations.
The firm, which last year announced a 25% hike in pre-tax profit to £38.9m on turnover up 4% to £1.7bn, is holding its AGM today.
It announced that it has won a contract with Highways England to supply Motorway Incident Detection and Automated Signalling road safety technology systems
The scheme uses road sensors to detect congestion and display messages on signs to alert motorists.
The systems will be supplied from Costain’s technology centre in Yatton, Somerset. Work to install the first of 1,500 units over the next two years will begin shortly.