Skanska has signed an additional $138 million construction contract with an existing client for a technology facility in the United States. The company expects to include the order in its U.S. order bookings for the third quarter of 2026; reported work began in April 2026 and is scheduled to finish in the first quarter of 2028.
What Skanska announced
The contract is additional work for a client that already works with Skanska, rather than a disclosed contract with a new client. The value was reported as $138 million, or approximately SEK 1.3 billion, in coverage published on October 6, 2026. MarketScreener/S&P Capital IQ and RTTNews
The announcement describes the project only as a technology facility in the United States. It does not name the client or identify the site, and it does not provide detailed construction scope or explain what prompted the additional contract. The available description does not establish that the facility is a data center.
When the order is booked and when work is due to finish
- Order booking: Skanska’s U.S. order bookings for Q3 2026.
- Reported work start: April 2026.
- Planned completion: Q1 2028.
Order bookings record contracted work; they are not the same as revenue recognized during that quarter. The stated completion date is a schedule, not confirmation that the project ultimately finished on time.
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What the announcement does not establish
The reported figures and schedule do not reveal the facility’s location, client, dimensions, or specific work involved. Without those details, the contract cannot be meaningfully compared with other technology-facility projects based on size, scope, or location. No named speaker quotation was included in the reports.
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- PCI & HIPPA and EIA/ECA-310-E compliant
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