Orion Group Holdings, Inc. Announces Contract Awards of Approximately $17 Million

Orion Group Holdings, Inc. (NYSE: ORN) (the "Company") a leading specialty construction company, today announced three contract awards for its Concrete segment in each of its key markets, totaling approximately $17 million.

The Company was awarded a contract from Hensel Phelps to provide concrete services for the new Royal Caribbean Cruise Terminal in the Port of Galveston, Texas. The $5.5 million project calls for paving and tilt-wall construction for the facility with work expected to start during the second quarter with completion expected later this year.

The Company was also awarded a $6.5 million project in San Antonio, Texas, that requires the construction of four tilt-wall buildings and associated paving. This work will begin in the third quarter and be completed by the fourth quarter of this year.

In addition, the Company was awarded a $5.1 million contract to construct multiple tilt-wall buildings and perform site paving for a new business park northwest of the Dallas-Fort Worth area. The work under this contract will begin in the third quarter and be completed by the second quarter of 2022.

“These project awards are a direct result of the quality and professionalism our team provides our customers,” said Mark Stauffer, Orion’s President and Chief Executive Officer. “We are also extremely excited for Hensel Phelps providing our team the opportunity to be involved in the new Royal Caribbean Cruise Terminal, as this work represents a great example of cross-selling opportunities between segments for our services.”

About Orion Group Holdings

Orion Group Holdings, Inc., a leading specialty construction company serving the infrastructure, industrial and building sectors, provides services both on and off the water in the continental United States, Alaska, Canada and the Caribbean Basin through its marine segment and its concrete segment. The Company’s marine segment provides construction and dredging services relating to marine transportation facility construction, marine pipeline construction, marine environmental structures, dredging of waterways, channels and ports, environmental dredging, design, and specialty services. Its concrete segment provides turnkey concrete construction services including pour and finish, dirt work, layout, forming, rebar, and mesh across the light commercial, structural and other associated business areas. The Company is headquartered in Houston, Texas with regional offices throughout its operating areas.