Skanska receives supplemental awards for manufacturing facility in western USA for USD 67M, about SEK 700M

Rhea-AI Summary

Skanska has secured supplemental awards valued at USD 67M (approximately SEK 700M) to enhance infrastructure for a manufacturing facility in the western United States. These awards will contribute to the US order bookings for the first quarter of 2023. The construction work is currently in progress and expected to be completed by April 2024.

This development underscores Skanska's ongoing relationship with its client and reflects the firm's capability in handling significant infrastructure projects.

Positive

• Secured supplemental awards worth USD 67M for infrastructure upgrades.
• Contribution to US order bookings for Q1 2023 enhances financial outlook.
• Active construction indicates strong project pipeline and client trust.

Negative

• None.

STOCKHOLM, April 11, 2023 /PRNewswire/ -- Skanska has received supplemental awards under a contract with an existing client to upgrade the infrastructure of a manufacturing facility in the western United States.  These awards are worth USD 67M, about SEK 700M, which will be included in the US order bookings for the first quarter of 2023.

Construction is underway and is scheduled for completion in April 2024.

For further information please contact:

Daniela Arellano, Communications Director, Skanska USA, tel +1 213 317 4977

Andreas Joons, Press Officer, Skanska AB, tel +46 (0)10 449 04 94

Direct line for media, tel +46 (0)10 448 88 99

This and previous releases can also be found at www.skanska.com.

The following files are available for download:

https://mb.cision.com/Main/95/3748628/1974993.pdf

20230411 US manufacturing facility

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SOURCE Skanska

FAQ

What is the value of the supplemental awards Skanska received?

Skanska received supplemental awards valued at USD 67M.

What is the purpose of the supplemental awards to Skanska?

The supplemental awards are for upgrading infrastructure at a manufacturing facility in the western United States.

When is the construction scheduled for completion?

The construction is scheduled for completion in April 2024.

How will the supplemental awards impact Skanska's financials?

The awards will be included in Skanska's US order bookings for the first quarter of 2023, positively affecting financial metrics.

What type of facility is Skanska upgrading with the new awards?

Skanska is upgrading infrastructure for a manufacturing facility.