Orion Marine Group (ORN) Receives $12M Contract

August 18, 2016 4:12 PM EDT

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Orion Group Holdings, Inc. (NYSE: ORN) announced a contract award of approximately $12 million.

The Company’s Heavy Civil Marine Construction segment, Orion Marine Group, was recently awarded a contract from the United States Army Corps of Engineers to perform dredging services in the Corpus Christi Ship Channel. The project entails dredging work within the Inner Basin to Viola Turning Basin and the La Quinta Channel located in Nueces County, Texas. The project is expected to begin in the 3rd quarter of 2016 with a duration of approximately six months.



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