Arcadis NV (ARCAY.PK) announced two project wins - LA Convention Center Modernization and Expansion program, and Clean Water Program project, having a combined value of over $18 billion.
For the LACC Modernization and Expansion project, Arcadis will provide project and construction management support services for the $2.5 billion project, which is expected to create more than 15,000 jobs.
Additionally, Arcadis will support the City of Los Angeles Department of Public Works Bureau of Engineering (BOE) through the Clean Water Program, a $7.5 million, five-year contract involving three key programs - Stormwater Capture Parks Program, Safe, Clean Water Program, and National Flood Insurance Program.
Currently, Arcadis's stock closed at $42.00 on the OTC Markets.
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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.