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Stock Market & Financial Investment News

News Breaks
February 6, 2013
16:38 EDTGLDDGreat Lakes Dredge awarded $41.4M contract
Great Lakes Dredge receved an award of a $41.4M contract for the deepening of the Arthur Kill channel in the Ports of New York and New Jersey. This project was awarded to GLDD by the Army Corps of Engineers New York District and involves the excavation of silt, glacial till and seabed material requiring subaqueous drilling and blasting. Work is expected to begin before the end of Q1. Another $27.3M in work on this contract is expected to be awarded this year.
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September 3, 2014
08:01 EDTGLDDGreat Lakes Dredge awarded $30M contract
Great Lakes Dredge & Dock announced the receipt of a dredging contract valued at over $30M to widen the entrance and jetty channels of the Freeport Ship Channel near Freeport, Texas. Approximately 4.5 miles of channel will be widened by 200 feet, enabling larger ships to safely navigate the 600 feet-wide channel. A portion of the dredged material is planned to be beneficially used to nourish the coastline in Quintana, Texas. Work on the project is scheduled to commence in October.

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