Great Lakes Dredge & Dock Corporation (GLDD) Company Bio
Great Lakes Dredge & Dock Corporation provides dredging services in the United States and internationally. It operates in two segments, Dredging and Environmental & Remediation. The company was founded in 1890 and is based in Oak Brook, Illinois.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Great Lakes Dredge & Dock Corporation and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review discussion held on 8 January 2021 in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
Great Lakes Dredge & Dock ([[GLDD]] -1.7%) announces receipt of several major dredging awards totaling $60.9M.North County Comprehensive Shore Protection Project (Coastal Protection, Florida, $21.2M), work is expected to be completed early February 2021.U.S. Naval Station Mayport and Jacksonville Harbor Maintenance Dredging Project (Maintenance, Florida, $21.2M), work is expected to commence at...
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