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News  ›  GlobeNewswire Inc.

Orion Group Holdings Awarded $86.3 Million U.S. Army Corps of Engineers Project

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Na
Orion Group Holdings Awarded $86.3 Million U.S. Army Corps of Engineers Project

Orion Group Holdings, Inc. announced it has been awarded an $86.3 million contract by the U.S. Army Corps of Engineers for a major shoreline protection and beach nourishment project along the Texas coastline at the mouth of the Colorado River. The project involves constructing breakwaters and replenishing approximately one million cubic yards of beach-quality dredged materials to stabilize the shoreline and prevent land loss. Work is expected to begin in Q1 2026.

Insights
ORN   positive

The company secured a significant $86.3 million government contract, demonstrating strong competitive positioning and business growth. The award reflects management confidence in the company's capabilities for complex coastal projects and provides substantial revenue visibility for 2026.