Skanska awarded additional contract for state-of-the-art R&D facility in USA for USD 70 M, about SEK 480 M

1/11/2013 8:45 AM CET
Press release

Skanska and a joint venture partner have been awarded an additional contract as construction manager of the state-of-the-art research and development facility in the USA, that was previously announced. Skanska’s 50 percent share is USD 70 M, about SEK 480 M, included in the order bookings for Skanska USA Building in the fourth quarter of 2012.

Skanska anticipates additional amendments to the contract as subsequent work and associated prices are agreed to. Skanskas part of those additions will be in the order bookings for Skanska USA Building in the quarter in which they are signed.

Skanska USA is one of the leading development and construction companies in the country, consisting of four business units: Skanska USA Building, which specializes in building construction; Skanska USA Civil, specialized in civil infrastructure; Skanska Infrastructure Development, which develops public-private partnerships; and Skanska Commercial Development, which develops commercial projects in select U.S. markets. Headquartered in New York, Skanska USA has approximately 9,400 employees and its 2011 revenues were SEK 31.3 billion.