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Skanska Secures $98M Contract for Redmond Airport Expansion

Story Highlights
  • Skanska is a leading global construction company operating in the Nordics, Europe, and USA.
  • Skanska signs a $98M contract for Redmond Airport expansion, enhancing capacity and experience.
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Skanska Secures $98M Contract for Redmond Airport Expansion

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Skanska AB ( ($SE:SKA.B) ) has issued an update.

Skanska has signed a USD 98 million contract amendment with the City of Redmond for the expansion of Redmond Municipal Airport in Oregon, USA. This project, which will enhance the airport’s capacity and passenger experience, includes a concourse expansion, terminal renovation, and new gates with jet bridges, and is expected to be completed by January 2028.

The most recent analyst rating on ($SE:SKA.B) stock is a Buy with a SEK215.00 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 operations in the Nordics, Europe, and the USA. The company focuses on creating innovative and sustainable solutions that support healthy living, leveraging the expertise of its approximately 26,300 employees. In 2024, Skanska reported revenues totaling SEK 177 billion.

Average Trading Volume: 721,460

Current Market Cap: SEK96.09B

For detailed information about SKA.B stock, go to TipRanks’ Stock Analysis page.

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