Press release 📈 Stocks 🌍 Sweden ISIN SE0000113250

Skanska Secures $271 Million U.S. Coast Guard Pier Construction Contract

Skanska wins a $271 million contract for a U.S. Coast Guard pier in Rhode Island, strengthening its order book and expanding its footprint in the North American infrastructure market.

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📅 Short-term 🌍 SE · Explicit

Skanska has secured a significant USD 271M contract with NAVFAC Mid-Atlantic to construct a new homeport pier at Naval Station Newport in Rhode Island. This project directly bolsters the company's U.S. order bookings and provides a clear revenue stream, reinforcing its position in the North American infrastructure market.

Catalysts
  • ▲ Award of USD 271M contract for Naval Station Newport pier construction
  • ▲ Inclusion of contract value in US order bookings
Risk Factors
  • ▼ Potential project delays common in large-scale government infrastructure construction
  • ▼ Fluctuations in currency exchange rates between USD and SEK
▼ Show FAQ (2) ▲ Hide FAQ
What is the value of the Skanska contract?

The contract is valued at USD 271 million, approximately SEK 2.5 billion.

Where is the project located?

The project is located at Naval Station Newport in Newport, Rhode Island, USA.

🎯 Key Takeaways

  • Skanska awarded $271 million contract by NAVFAC Mid-Atlantic for Naval Station Newport project.
  • The deal adds approximately SEK 2.5 billion to Skanska's U.S. order bookings.
  • Project involves the construction of a new homeport pier for the U.S. Coast Guard.

📝 Executive Summary

Swedish construction giant Skanska has landed a $271 million contract to build a new homeport pier at Naval Station Newport in Rhode Island. The project, commissioned by NAVFAC Mid-Atlantic, will be integrated into the company's U.S. order bookings, bolstering its international infrastructure portfolio.

❓ FAQ

What is the value of the new Skanska contract?

The contract is valued at USD 271 million, which is approximately SEK 2.5 billion.

Where will the construction project take place?

The project is located at Naval Station Newport in Newport, Rhode Island, USA.