Orion Group Secures Contract Award Of ~$15M

7/14/20

Orion Group's (NYSE:ORN) Marine segment has been awarded a contract of $15M by the US Army Corps of Engineers to provide dredging services in Port Mansfield, Texas.

The project award requires dredging of ~1.8M cubic yards of maintenance material from the main channels between the Padre Island jetties and the entrance to Port Mansfield.

The work will begin in September and will be completed in Q1 of 2021.

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