<ARTICLE> 5
<LEGEND>
This schedule contains summary financial information extracted from the Form
10-K for the period ending December 31, 1994 and is qualified in its entirety by
reference to such financial statements.
</LEGEND>
<CIK> 0000794323
<NAME> KIEWIT PETER SONS', INC.
<MULTIPLIER> 1,000,000
       
                             
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1994
<PERIOD-END>                               DEC-31-1994
<CASH>                                             400
<SECURITIES>                                       910
<RECEIVABLES>                                      443
<ALLOWANCES>                                         9
<INVENTORY>                                          0
<CURRENT-ASSETS>                                 2,115
<PP&E>                                           1,975
<DEPRECIATION>                                     731
<TOTAL-ASSETS>                                   4,504
<CURRENT-LIABILITIES>                              813
<BONDS>                                            908
<COMMON>                                             2
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<OTHER-SE>                                       1,734
<TOTAL-LIABILITY-AND-EQUITY>                     4,504
<SALES>                                          2,392
<TOTAL-REVENUES>                                 2,991
<CGS>                                            2,108
<TOTAL-COSTS>                                    2,650
<OTHER-EXPENSES>                                   311
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                  79
<INCOME-PRETAX>                                     87
<INCOME-TAX>                                        27
<INCOME-CONTINUING>                                110
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                       110
<EPS-PRIMARY>                                    $4.92<F1>
<EPS-DILUTED>                                    $4.92<F1>
<FN>
<F1>$4.92 represents Class C Stock earnings per share.  Class D Stock earnings per
share; $1.63.
</FN>