financetom
Business
financetom
/
Business
/
Orion Group Secures $211.7 Million in Marine, Concrete Contracts; Shares Surge
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Orion Group Secures $211.7 Million in Marine, Concrete Contracts; Shares Surge
Feb 10, 2025 7:59 AM

10:36 AM EST, 02/10/2025 (MT Newswires) -- Orion Group Holdings ( ORN ) said Monday it received new awards totaling about $211.7 million across its marine and concrete segments, with projects expected to begin in 2025.

The marine segment received a $113.7 million contract from the Texas Department of Transportation to replace the State Highway 6 bridge over Lake Waco in Central Texas.

Additionally, Orion secured three contracts totaling $29.8 million for repairing Wharves at the port of Houston, improvements to the cruise terminal at the port of Galveston, and a private dredging project.

In the concrete segment, Orion won over $68.2 million in new contracts in the past two months. The company said it is also negotiating a contract for a 1-million-square-foot data center project in Iowa.

Shares of Orion Group ( ORN ) were up nearly 15% in recent trading.

Price: 9.22, Change: +1.19, Percent Change: +14.86

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Copyright 2023-2026 - www.financetom.com All Rights Reserved