Great Lakes Dredge & Dock Corporation announced that it was awarded a third rock installation contract to perform subsea rock cable protection on an offshore wind project off the East Coast of the United States. The Company?s prior contracts have been for subsea rock installation for foundation stabilization, and this contract represents a new utilization for its planned vessel. Great Lakes will use the first Jones Act compliant subsea rock installation vessel, the Acadia, currently under construction at the Philly Shipyard in the U.S. to execute the project.

The project scope includes procurement of rock from company's U.S. supply chain, transportation to and from the project site, and subsea installation of the rock to support the wind farm's infrastructure. Operations on the project are expected to commence in 2025 and are expected to continue into 2026. Great Lakes will be generating local content, employment, and economic activity in the United States by purchasing rock from domestic quarries and loading the rock at U.S. ports.

The project remains subject to the client?s final investment decision (FID).