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Great Lakes Dredge & Dock Secures $182 Million in US Dredging Contracts
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Great Lakes Dredge & Dock Secures $182 Million in US Dredging Contracts
Dec 19, 2024 7:36 AM

10:25 AM EST, 12/19/2024 (MT Newswires) -- Great Lakes Dredge & Dock ( GLDD ) said Thursday it was awarded US contracts totaling $182 million for beach renourishment and nourishment projects in New Jersey, South Carolina, New York, and Florida.

The dredging services provider said the $73.6 million New Jersey contract involves maintaining engineered beaches over 13 miles between Manasquan and Barnegat inlets. Work will begin in Q1 and end in Q3, Great Lakes said.

In South Carolina, a $72.3 million contract for Myrtle Beach and nearby areas is set to start in Q4 2025 and finish in Q1 2026, the company said.

The company said it will undertake a $19.6 million project in New York's Sagaponack and Bridgehampton beaches, scheduled to run from Q1 to Q2.

The $16.5 million Florida project to repair hurricane-damaged beaches in Palm Beach will start at the end of 2024 and conclude by Q1 next year, Great Lakes Dredge & Dock ( GLDD ) said.

Price: 11.52, Change: +0.09, Percent Change: +0.74

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