Great Lakes Secures $107M In Dredging Awards

Great Lakes Dredge & Dock Corp GLDD has received several major dredging awards totaling $107.0 million.
The awards include Norfolk Harbor Navigation Improvements Project ($56.8 million); Charleston Lower Harbor Maintenance Dredging Project ($15.4 million); Tampa Harbor Maintenance Dredging 45-Foot Project ($13.0 million); New Jersey Wind Port, Stage 1, Access Channel Dredging Project ($7.0 million); various Maintenance Projects ($14.8 million).
COO David Simonelli commented, "Great Lakes is pleased to add these projects to our backlog of deepening and maintenance dredging projects that will contribute to both our 2022 and 2023 performance."
Price Action: GLDD shares are trading higher by 1.49% at $10.23 on the last check Wednesday.

Overview Rating:

Good

100

0100