Skanska reported an estimated $20.7 billion in backlog for the quarter, the highest in the last four years. Additionally, Skanska’s $2.2 billion worth of order bookings in the U.S. was more than double that amount from Q3 2021. It accounted for more than half of the company’s Q3 overall bookings and equates to 19 months of work.
In August, the Virginia Port Authority tapped Skanska for a $223 million, 72-acre offshore wind project in Portsmouth, Virginia, the largest of its kind in the U.S. That same month, a Skanska/Traylor Bros. joint venture broke ground on the $1.56 billion Portal North Bridge replacement project in New Jersey.
