Great Lakes Announces Receipt of $17 Million Award on the West Coast

OAK BROOK, Ill., April 20, 2017 (GLOBE NEWSWIRE) — Great Lakes Dredge & Dock Corporation (“Great Lakes”) (NASDAQ:GLDD), the largest provider of dredging services in the United States and a major provider of environmental and infrastructure services, announced today the receipt of a $17 million award, with approximately $3 million in additional options, for the Corps of Engineers West Coast Regional Contract.  The scope of work includes dredging approximately 4 million cubic yards of material from the mouth of the Columbia River and upriver locations as well as the Humboldt Harbor entrance in Eureka, California.  Work is expected to commence during the second quarter of this year and to be completed by the end of the year.  Great Lakes’ hopper dredges have transited the Panama Canal and performed these important projects on the West Coast of the United States since the 1980s and we are pleased to be the successful bidder after a several year absence.The Company

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