Great Lakes bags dredging awards totaling $141M

Great Lakes Dredge & Dock Corporation (GLDD +2.1%) announced the receipt of several major dredging awards totaling $141M.

The awarded work includes- Jacksonville Deepening Contract B Option (Capital Deepening, Florida, $96.6M); Baltimore Harbor (Maintenance, Maryland, $38.4M) and Boston Harbor (Maintenance, Massachusetts, $5.6M).

The work is expected to begin in Sept. with completion in late 2020.

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