Orion Group Holdings, Inc. announced it has been awarded an $86.3 million contract by the U.S. Army Corps of Engineers to construct new breakwaters and replenish shorelines with roughly one million cubic yards of beach‑quality dredged material at the mouth of the Colorado River in Texas. Work is slated to begin in the first quarter of 2026.
The award expands Orion’s project pipeline and adds a substantial, multi‑year revenue stream to its Marine segment. The company’s backlog was $839.7 million as of March 31 2025; the new contract pushes the backlog to roughly $926 million, reinforcing the firm’s position as a leading contractor for U.S. Army Corps of Engineers projects and supporting its strategy of pursuing complex coastal and marine work.
The contract is part of a broader shoreline protection and beneficial‑use infrastructure program in Texas that is driven by the Infrastructure Investment and Jobs Act and state‑level coastal resilience initiatives. By securing this work, Orion strengthens its exposure to public‑sector projects that offer stable, long‑term cash flows and aligns with the company’s recent $120 million refinancing completed in December 2025, which was intended to fund growth and improve capital structure.
“We are proud to be part of one of the largest shoreline protection and beneficial‑use infrastructure projects in our home state of Texas,” said Travis Boone, president and CEO. “This award reflects our team’s deep expertise and proven track record of delivering outstanding work on complex coastal and marine projects.” Boone emphasized that the project will help the company maintain its momentum in a market that is seeing increased demand for coastal resilience and environmental restoration.
Industry tailwinds such as continued federal infrastructure spending, port expansion projects, and energy‑sector investments are expected to sustain demand for Orion’s marine and dredging services. The company’s focus on high‑margin, high‑skill projects positions it to capture a growing share of the U.S. coastal construction market, while the new contract adds a predictable revenue stream that supports the firm’s ongoing efforts to improve profitability and scale.
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