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Skanska Bags $165 Mln Contract In US

Infrastructure & DefenseCompany FundamentalsHousing & Real Estate

Skanska AB won a $165 million contract from the Texas A&M University System to build a new biology teaching and research building in College Station, Texas. The award increases Skanska’s project backlog and is a positive but relatively modest near-term revenue driver given the company's global scale.

Analysis

Skanska AB won a $165 million contract from the Texas A&M University System to build a new biology teaching and research building in College Station, Texas. The award increases Skanska’s project backlog and is a positive but relatively modest near-term revenue driver given the company's global scale.

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