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

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.

For further information, please contact:
Edvard Lind, Group Press Officer, Skanska AB, tel: +46 (0)10-448 88 08

Direct line for media: +46 10 448 88 99

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

Skanska AB may be required to disclose the information provided herein pursuant to the Securities Markets Act.

Throughout 125 years, Skanska has been a modern and innovative developer and contractor, building what society needs. Today, Skanska is one of the world’s leading project development and construction groups with expertise in construction, development of commercial and residential projects and public-private partnerships. Based on its global green experience, Skanska aims to be the clients' first choice for Green solutions. The Group currently has 53,000 employees in selected home markets in Europe, in the US and Latin America. Headquartered in Stockholm, Sweden and listed on the Stockholm Stock Exchange, Skanska's sales in 2011 totaled SEK 123 billion.