Orion Group Holdings Awarded $211.7 Million in New Contracts

Core Viewpoint - Orion Group Holdings, Inc. has announced new Marine and Concrete awards totaling approximately $211.7 million, reinforcing its leadership in specialized construction [1][2] Marine Segment Summary - The Texas Department of Transportation awarded Orion a contract worth$113.7 million for replacing the State Highway 6 bridge over Lake Waco, with construction expected to start in Q1 2025 and last about 24 months [3] - Additional contracts in Texas include repairs for Wharves 20 and 21 at the Port of Houston, improvements to Cruise Terminal 16 at the Port of Galveston, and a private dredging project, collectively valued at $29.8 million, all set for completion in 2025 [4] - In the Pacific Northwest, Orion's Marine segment is involved in the Deschutes Estuary Restoration project as a Joint Venture partner, with an estimated project value of approximately$350 million, pending full funding [5] Concrete Segment Summary - The Concrete segment has secured over $68.2 million in new projects, set to commence in early 2025, including a multi-story project in Houston as a subcontractor for Hanover Development Company [6] - Orion's portfolio now includes 33 data center projects, with a significant one million square foot data center project in Iowa currently under negotiation [6][7] Company Overview - Orion Group Holdings, Inc. specializes in infrastructure, industrial, and building sectors, providing marine and concrete construction services across the continental U.S., Alaska, Hawaii, Canada, and the Caribbean Basin [7][8]