Orion Group Holdings, Inc. (ORN) yesterday announced contract awards totaling approximately $24 million.
According to ORN, the Company’s Marine segment has been awarded two separate contracts to construct energy-related infrastructure on the Gulf Coast.
“ 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.
Both projects will commence in the first quarter and be completed before the end of the year.