Orion: Orion Group Holdings Announces Contract Awards Valued at Approximately $111 Million

HOUSTON, Nov. 21, 2024 (GLOBE NEWSWIRE) -- Orion Group Holdings, Inc. (NYSE:ORN) ("Orion" and "Company"), a leading specialty construction and engineering company today announced three contract awards, two in its Marine segment and one in its Concrete segment. Each of these projects is expected to start in 2025 and will be completed within 20 months.Orion Marine was awarded a significant $88 million contract by South Carolina State Ports Authority in a competitive bid process. The project is for the Hugh K. Leatherman Terminal Wharf Extension at the Port of Charleston and Orion will self-perform the construction of 1,600 linear feet of concrete pile-supported wharf as a northward extension of the existing terminal. The scope includes the installation of precast, prestressed concrete piles, along with precast caps, deck slabs, and stay-in-place concrete tubes, as well as removing dredged material to accommodate larger vessels and placing bedding and armor stone for shoreline stabilization. The project will commence in the first quarter of 2025 with an anticipated duration of 20 months.In addition, Orion Marine was awarded a $12.9 million subcontract to Haskell, a global architecture, engineering and construction firm, for the City of Tampa's design-build West Bank Riverwalk pedestrian bridge project along the Hillsborough River in downtown Tampa, Florida. Design is currently underway, and construction is scheduled to begin in the third quarter of 2025, with an anticipated duration of approximately 18 months. Orion Concrete was awarded a $10.3 million contract by HITT Contracting, LLC for the construction of a new data center building for a confidential hyperscaler client in Garland, Texas. The project is expected to start in January 2025 with a duration of nine months."We are proud to be selected to as a trusted partner on these key projects," said Travis Boone, President and Chief Executive Officer of Orion ...Full story available on Benzinga.com