ORN bags three contracts worth $16 million

Orion Group Holdings, Inc. (ORN) recently announced three contract awards for its Marine segment totaling approximately $16 million.

In Texas, the company has won a $7.1 million contract from the U.S. Army Corps of Engineers for dredging works in the Freeport Harbor Channel. The company expects this work will begin in the first quarter of 2022 with completion set for the second quarter of 2022.

ORN has also secured a contract valued at $4.1 million from a local port for a pipeline removal project related to future expansion. Work on this project is set to begin late in the fourth quarter of 2021 and completed during the second quarter of 2022.

In Florida, the company has been awarded a contract by a private sector client for the installation of a bulkhead wall for shore protection. This project, valued at $5.2 million, will commence in the first quarter of 2022 with the work completed in the second quarter of 2022.