Orion Group Holdings, Inc. (NYSE: ORN) a leading specialty construction company, Tuesday (Mar17) announced contract awards totaling approximately $24 million.
The Company’s Marine segment has been awarded two separate contracts to construct energy-related infrastructure on the Gulf Coast. Both projects will commence in the first quarter and be completed before the end of the year.
“These projects enhance the backlog of our marine operations and position our resources well to maximize utilization,” said Mark Stauffer, Orion’s President and Chief Executive Officer.
“Despite recent concerns over the economic impact of the COVID-19 pandemic, we remain highly confident in the long-term fundamentals of our end markets,” Mr. Stauffer concluded.
Source: Orion Group