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Skanska AB ( ($SE:SKA.B) ) has provided an update.
Skanska, through a joint venture with Flatiron, has secured an additional contract worth USD 445 million (about SEK 4.4 billion) for its share of Los Angeles International Airport’s Airfield and Terminal Modernization Program Roadway Improvements project, which brings the total contract value to USD 868 million. The multi‑year project, already underway and running through late 2030, will overhaul more than six kilometers of roadways, bridges and traffic systems to cut congestion and emissions and improve access and safety at LAX, reinforcing Skanska’s role in large‑scale US transportation infrastructure and supporting the airport’s broader modernization to handle major international traffic volumes more efficiently.
The most recent analyst rating on ($SE:SKA.B) stock is a Hold with a SEK266.00 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 of SEK 177 billion and operations across select markets in the Nordics, Europe and the USA. Leveraging the expertise of around 26,300 employees, the company focuses on creating innovative, sustainable infrastructure and building solutions that shape how people live, work and connect.
Average Trading Volume: 773,564
Technical Sentiment Signal: Strong Buy
Current Market Cap: SEK103.8B
For a thorough assessment of SKA.B stock, go to TipRanks’ Stock Analysis page.