Engineering firm Balfour Beatty said it won a GBP750 million pound (USD$1.05 billion) contract for construction work on the eastern development at London's Heathrow Airport.

The work to realign taxiways and build new aircraft stands to the east of Terminals 1 and 2 is scheduled for completion in late 2009, it said in a statement.

Balfour Beatty said it has also signed a 10-year framework agreement with BAA covering the airport operator's capital development program at Heathrow and other smaller UK airports.