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Orion Group Holdings Announces Contract Awards Valued at Approximately $111 Million
Orion Orion (US:ORN) GlobeNewswire News Roomยท2024-11-21 21:38

Core Points - Orion Group Holdings, Inc. announced three new contract awards, two in the Marine segment and one in the Concrete segment, expected to start in 2025 and complete within 20 months [1][4] - The Marine segment received an $88 million contract for the Hugh K. Leatherman Terminal Wharf Extension at the Port of Charleston, involving the construction of 1,600 linear feet of concrete pile-supported wharf [2][4] - A $12.9 million subcontract was awarded to Orion Marine for the City of Tampa's West Bank Riverwalk pedestrian bridge project, with construction set to begin in the third quarter of 2025 [3][4] - Orion Concrete secured a $10.3 million contract for a new data center building in Garland, Texas, expected to start in January 2025 and last for nine months [3][4] Company Overview - Orion Group Holdings is recognized for its specialty construction services in the infrastructure, industrial, and building sectors, operating in the continental United States, Alaska, Hawaii, Canada, and the Caribbean Basin [5] - The company's Marine segment focuses on construction and dredging services related to marine transportation facilities, while the Concrete segment provides turnkey concrete construction services [5]