GLDD Stock to Gain From New Dredging Awards Worth $342 Million

Great Lakes Dredge & Dock Corporation (GLDD) has announced receiving $342.3 million worth of several dredging awards, thus further enhancing its backlog and revenue visibility in the upcoming years. Besides this, the company also has approximately$350 million in low bids and options pending award. This includes three works for which GLDD was a low bidder in the past two months, thereby bringing its potential total pipeline of work to more than $1.5 billion. More on Great Lakes' New Awards The company highl ...