Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD) featured in a recent equity research update published by Noble Capital Markets. The report reads, “Awards of $71.6 million announced, including new awards of $40.8 million. YTD awards now total ~$85.5 million and low bids pending award are now ~$110 million. Awards ~$31 million were previously disclosed but not identified. Larger projects are on horizon and 2H2020 backlog rebound likely. News expected on Corpus Christi RFP and Brownsville LNG work by end of 1Q2020 and Jacksonville C in 3Q/4Q2020.”
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About Great Lakes Dredge & Dock Corporation
Great Lakes Dredge & Dock Corporation (“Great Lakes” or the “Company”) is the largest provider of dredging services in the United States. In addition, the Company has a long history of performing significant international projects. The Company employs experienced civil, ocean and mechanical engineering staff in its estimating, production and project management functions. In its over 130-year history, the Company has never failed to complete a marine project. Great Lakes owns and operates the largest and most diverse fleet in the U.S. dredging industry, comprised of over 200 specialized vessels. Great Lakes has a disciplined training program for engineers that ensures experienced-based performance as they advance through Company operations. The Company’s Incident-and Injury-Free® (IIF®) safety management program is integrated into all aspects of the Company’s culture. The Company’s commitment to the IIF® culture promotes a work environment where employee safety is paramount.
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