Skanska Secures USD 274M Contract for Rourke Bridge Replacement

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

Skanska has secured a contract with the Massachusetts Department of Transportation to design and replace the Rourke Bridge in Lowell, Massachusetts, valued at USD 274 million. This project, which includes comprehensive bridge and highway work, is expected to be completed by February 2030, enhancing Skanska’s order bookings and reinforcing its presence in the US infrastructure sector.

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 2024 revenue totaling SEK 177 billion. Operating across select markets in the Nordics, Europe, and the USA, Skanska focuses on creating innovative and sustainable solutions that support healthy living. The company employs approximately 26,300 people and leverages its expertise to shape the way people live, work, and connect.

Average Trading Volume: 734,126

Current Market Cap: SEK95.56B

Learn more about SKA.B stock on TipRanks’ Stock Analysis page.