Skanska Secures USD 91M Contract for School Replacement in Washington

An announcement from Skanska AB ( ($SE:SKA.B) ) is now available.

Skanska has secured a USD 91 million contract with the Highline Public Schools District to replace the Pacific Middle School in Des Moines, Washington. The project involves constructing a new three-story facility to accommodate 950 students, with completion expected by February 2027, enhancing Skanska’s presence in the US education infrastructure sector.

The most recent analyst rating on ($SE:SKA.B) stock is a Buy with a SEK235.00 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, leveraging the expertise of approximately 26,300 employees.

Average Trading Volume: 666,431

Technical Sentiment Signal: Strong Buy

Current Market Cap: SEK97.86B

See more insights into SKA.B stock on TipRanks’ Stock Analysis page.