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John Holland, a wholly owned subsidiary of Leighton Holdings (ASX:LEI) has been awarded a coveted construction sub-contract at Sydney’s Holsworthy barracks.
Works for the Defence Department project total $870 million.
John Holland’s subcontract, which includes earth works and in-ground infrastructure installation, is valued at $148 million.
The company has assured investors of no more costly write downs.
Leighton Holdings last recorded a net profit of $442 million for calendar 2012.
