Great Lakes Dredge & Dock Secures 4 New Projects, Multi-Million Dollar Contracts

Maham Fatima

Thu, Jul 10, 2025, 10:41 AM 1 min read

Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) is one of the most undervalued small-cap stocks to buy according to analysts. On June 30, Great Lakes Dredge & Dock Corporation announced that it has received 4 new work awards.

One of the awarded projects includes the Woodside Louisiana LNG project, for which the amount was undisclosed. Dredging operations for the project are expected to begin in early 2026. Another one is the Galveston Entrance Channel & Houston Ship Channel from Bolivar to Redfish maintenance project in Texas, valued at $36.2 million. Work for this is anticipated to commence in Q3 and conclude in Q4.

A view from an aerial drone showing the progress of an extensive coastal restoration project.

The Mississippi River Hopper Dredge Contract No. 3 for rental in Louisiana is valued at $17.6 million and is anticipated to commence in Q3 and conclude in Q4 as well. The Charleston Entrance Channel maintenance project in South Carolina is valued at $10.8 million. Work on this contract began in May earlier this year.

Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) provides dredging services in the US.

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Disclosure: None. This article is originally published at Insider Monkey.