Great Lakes Announces Receipt of $182 Million in Awarded Work

Core Viewpoint - Great Lakes Dredge & Dock Corporation has received several dredging awards totaling $182 million, enhancing its project backlog and supporting coastal protection initiatives in the U.S. [1] Project Summaries - The Manasquan Inlet to Barnegat Inlet Ocean City Beach Renourishment Project in New Jersey is awarded $73.6 million, aimed at coastal storm damage reduction over a 13-mile shoreline, with work expected to start in Q1 2025 and complete by Q3 2025 [2] - The Myrtle Beach Renourishment Project in South Carolina is awarded $72.3 million, involving dredged material placement on local beaches, with work expected to start in Q4 2025 and complete by Q1 2026 [3] - The Sagaponack and Bridgehampton Beach Erosion Control District Nourishment Project in New York is awarded $19.6 million, focusing on repairing dunes and infrastructure, with work expected to start in Q1 2025 and complete by Q2 2025 [4] - The Phipps Ocean Park Beach Nourishment Project in Florida is awarded $16.5 million, addressing damage from Hurricanes Ian and Nicole, with work expected to start at the end of 2024 and complete by Q1 2025 [5] Company Overview - Great Lakes is the largest provider of dredging services in the U.S. and is expanding into the offshore wind energy sector, with a history of completing significant international projects [6] - The company operates a diverse fleet of approximately 200 specialized vessels and has a disciplined training program for engineers to ensure performance [6] - Great Lakes emphasizes a safety management program, Incident-and Injury-Free® (IIF®), promoting a culture of employee safety [7]