Orion Group awarded $86.3M USACE project

Orion Group (ORN) Holdings was awarded an $86.3M project with the U.S. Army Corps of Engineers. As part of this project, Orion will construct new breakwaters and replenish shorelines with approximately one million cubic yards of beach-quality dredged materials along the Texas coastline at the mouth of the Colorado River. These efforts are intended to stabilize the shoreline, slowing the impacts of the significant erosive forces in the area and preventing additional land loss. The beach nourishment component will rebuild a valuable public access feature, allowing the public to once again have ocean access and a place to recreate in this area. The project is expected to begin in the first quarter of 2026.