Orion Group Holdings, Inc.?s Marine Segment Enters into a Design-Build Contract with an Undisclosed Customer Valued at Approximately $120 Million
September 28, 2023 at 04:04 pm EDT
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On September 22, 2023, Orion Group Holdings, Inc.?s marine segment entered into a design-build contract with an undisclosed customer valued at approximately $120 million. In addition, the Company was recently awarded new contracts in both its concrete and marine segments for a combined total of approximately $121 million.
Orion Group Holdings, Inc. is a specialty construction company that serves the infrastructure, industrial, and building sectors. The Company provides services both on and off the water in the continental United States, Alaska, Hawaii, Canada and the Caribbean Basin. It operates through two segments: marine and concrete. The marine segment provides construction and dredging services relating to marine transportation facility construction, marine pipeline construction, marine environmental structures, dredging of waterways, channels and ports, environmental dredging, design, and specialty services. The concrete segment provides turnkey concrete construction services, including place and finish, site prep, layout, forming, and rebar placement for large commercial, structural, and other associated business areas. The Company's specialty services include design, salvage, demolition, surveying, towing, diving and underwater inspection, excavation, and repair.