-+ 0.00%
-+ 0.00%
-+ 0.00%

Skanska JV Wins $868 Million Contract for US Airfield, Terminal Project

MT Newswires·01/02/2026 02:32:43
Listen to the news
02:32 AM EST, 01/02/2026 (MT Newswires) -- Skanska (SKA-B.ST) and infrastructure company Flatiron's joint venture secured an $868 million contract from Los Angeles World Airports in the US, according to a Friday release. The contract covers roadway reconfiguration, bridge construction, and the deployment of advanced traffic monitoring systems as part of the Airfield and Terminal Modernization Program Roadway Improvements project in Los Angeles, in the US state of California. The Swedish construction group's share of the contract is valued at $445 million. Project completion is anticipated in the fourth quarter of 2030.