A $14.0 million contract with New York carries on a long-established relationship
L.B. Foster earned a $14.0 million bridge rehabilitation project for the New York State Bridge Authority in May 2021. The company will manufacture approximately 311,000 square feet of steel grid bridge deck panels. L.B Foster previously supplied steel products for the Southern portion of the Newburgh-Beacon Bridge in 2013. Additionally, the company worked on the Manhattan, Brooklyn and Tappan Zee Bridges. The coming investments in United States Infrastructure funded by the federal government will likely lead to more bridge rehabilitation contracts for L.B. Foster.
New ActivityIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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