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Skanska AB ( ($SE:SKA.B) ) has issued an announcement.
Skanska, in collaboration with FlatironDragados, has secured a contract with Los Angeles World Airports for the initial phase of the Airfield and Terminal Modernization Program Roadway Improvements Project at Los Angeles International Airport. The contract, valued at USD 323 million, will see Skanska handling a 55 percent share worth USD 178 million. The project involves significant infrastructure work, including bridge construction, demolition, and utility relocations, with completion expected by the end of 2026.
The most recent analyst rating on ($SE:SKA.B) stock is a Buy with a SEK254.00 price target. To see the full list of analyst forecasts on Skanska AB stock, see the SE:SKA.B Stock Forecast page.
More about Skanska AB
Skanska Group is one of the world’s largest construction and project development companies, with 2024 revenue totaling SEK 177 billion. The company operates in select markets in the Nordics, Europe, and the USA, focusing on creating innovative and sustainable solutions that promote healthy living.
YTD Price Performance: 7.44%
Average Trading Volume: 553,635
Technical Sentiment Signal: Strong Buy
Current Market Cap: SEK98.72B
Learn more about SKA.B stock on TipRanks’ Stock Analysis page.