Great Lakes Dredge announces dredging awards totaling $342.3M

Great Lakes Dredge & Dock Corporation announced the receipt of several dredging awards totaling $342.3M. The awarded work includes: Sabine-Neches Waterway Channel Improvement, Contract 6 Project Capital, Texas, $219.1M. Canaveral Harbor Sand Bypass Project 5 Coastal Protection, Florida, $40.6M.Brigantine Inlet to Great Egg Harbor Inlet, Absecon Island Beach Renourishment Project Coastal Protection, New Jersey, $38.2M. Captiva Island Beach Renourishment Project Coastal Protection, Florida, $26.7M…Lasse Petterson, President and Chief Executive Officer commented, “So far 2024 has seen a robust bid market featuring a large number of capital and coastal protection projects. The above listed new project awards further enhance our backlog giving Great Lakes clear revenue visibility well into 2026. In addition to the above awarded projects, Great Lakes has approximately $350M in low bids and options pending award, which includes three jobs that we were low bidder on in the past two months bringing our potential total pipeline of work to over $1.5B. Our robust backlog of projects enables Great Lakes to contribute to the overall improvement and resiliency of our country’s environment, coastlines, and infrastructure.”