Orion Group Holdings Secures $86.3 Million U.S. Army Corps of Engineers Contract
HOUSTON, Jan. 05, 2026 (GLOBE NEWSWIRE) – Orion Group Holdings, Inc. (NYSE: ORN), a prominent specialty construction firm, has been awarded an impressive $86.3 million contract with the U.S. Army Corps of Engineers (USACE). This significant award highlights Orion's expertise and commitment to delivering high-quality infrastructure projects.
Project Overview and Goals
The new project will focus on shoreline protection along the Texas coastline, particularly at the mouth of the Colorado River. Orion will be constructing new breakwaters and replenishing shorelines with approximately one million cubic yards of beach-quality dredged materials. This effort aims to:
- Stabilize the shoreline against erosive forces.
- Prevent further land loss in the area.
- Rebuild essential public access to coastal recreation.
Travis Boone, President and CEO of Orion Group Holdings, stated, “We are proud to be part of one of the largest shoreline protection and beneficial use infrastructure projects in our home state of Texas. This award reflects our team’s deep expertise and proven track record of delivering outstanding work on complex coastal and marine projects that strengthen resilience and create lasting value.”
Implications and Future Prospects
This project is scheduled to commence in the first quarter of 2026. Orion Group Holdings aims to leverage this contract not only to enhance its revenue but also to further establish its reputation in the marine construction sector. As the company continues to expand its portfolio, key projects like this one will play a crucial role in their future growth.
Orion Group Holdings operates both on and off water, providing a range of services in the continental U.S., Alaska, Hawaii, Canada, and the Caribbean Basin. Their marine segment specializes in construction and dredging services, while the concrete segment offers comprehensive concrete construction services.
About Orion Group Holdings
Founded in Houston, Texas, ORN is recognized for its specialty construction services in infrastructure, industrial, and building sectors. The company is dedicated to innovation and quality, ensuring that projects meet or exceed expectations through rigorous standards and extensive industry experience.
Forward-Looking Statements
Some of the statements in this press release may constitute forward-looking statements as defined by the Securities Exchange Act. While the company aims to provide accurate projections, results may differ due to various risks, including unforeseen productivity delays and governmental funding constraints. Readers are encouraged to review the Company’s annual reports for insight into potential risk factors that could affect future outcomes.