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Orion Marine Group

Full company profile

uuid000l378

Namestring
Orion Marine Group
Legal namestring
Orion Group Holdings, Inc.
Company typeenum
Public
Founded yearint
1994
Descriptiontext

Orion Marine Group, legally Orion Group Holdings, Inc. (NYSE: ORN), is a Houston-headquartered heavy civil marine and concrete construction contractor organized into three integrated divisions: Orion Marine (marine construction, diving, and marine services with a claimed 100-year legacy), Orion Concrete (concrete construction including a dedicated data center vertical with 40+ years of expertise concentrated in Texas and Florida), and Orion Engineering & Consulting (marine and civil engineering, planning, design, permitting, and Engineer of Record services delivered via Schneider Engineering & Consulting). The company pursues large infrastructure projects through a direct enterprise sales motion, winning work via competitive bidding on federal/state contracts (U.S. Army Corps of Engineers, U.S. Navy) and direct negotiation with private industrial and energy customers (e.g., Vigor Shipyard, Golden Pass LNG). Its go-to-market is project-based, with multi-year contract durations and pricing driven by scope, complexity, materials, labor, equipment, and timeline rather than standardized tiers.

The company monetizes through three one-time/license-style revenue streams: marine construction services (dredging, shoreline protection, habitat restoration, pier reconstruction), concrete construction services, and professional engineering & consulting services. In 2026 Orion executed a ~$60 million acquisition of J.E. McAmis, Inc. and JEM Marine Leasing LLC to broaden marine construction capability, secured an $86.3 million U.S. Army Corps of Engineers shoreline protection contract, and refinanced into a new $120 million Senior Credit Facility with UMB Bank (replacing the prior $88 million facility). Operations span the contiguous United States, Alaska, Hawaii, Canada, and the Caribbean, with a stated portfolio of over 5,000 completed projects.

Short descriptiontext

Orion Marine Group (NYSE: ORN) is a Houston-based heavy civil marine and concrete construction contractor serving federal agencies (U.S. Army Corps of Engineers, Navy) and private industrial/energy clients via three divisions: marine construction, concrete construction (including data centers), and engineering & consulting, with operations across the U.S., Alaska, Hawaii, Canada, and the Caribbean.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
1,001–5,000
akta.pro rankint
HeadquartersHouston, United States
HQ citystring
Houston
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Offices1 record

Each record includes

City, Country, Type, Description, Source

Keyword5 values
marine construction services, heavy civil contracting, concrete construction services, marine engineering consulting, coastal infrastructure projects
Industry2 codes
1Subsea & Nearshore Civil Works (Trenching, Rock Placement, Mattressing)
CodeIMAFAJAIPrimaryYes
2Project Management & Owner’s Engineering / Technical Consultancy (Spec Writing, Bid Support, Site Support)
CodeIMAJAGAOPrimaryNo
NAICS code3 codes
  • Ship Building and Repairing336611
  • Engineering Services541330
  • Other Building Equipment Contractors23829
SIC code2 codes
  • Ship & Boat Building & Repairing3730
  • Services-Engineering Services8711
Product category
Marine Construction Services
Social media profiles2 records
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model3 records
1Marine Construction Services
TypeOne Time License
Description

Revenue generated from marine infrastructure construction projects including dredging, shoreline protection, habitat restoration, pier reconstruction, and marine structure installation. Projects are typically one-time contract-based with varying durations.

in.investing.com
2Concrete Construction Services
TypeOne Time License
Description

Revenue from concrete construction services for various industries including high-rise residential, commercial, and infrastructure projects. Accomplishes high customer satisfaction rates and repeat business through superior project management.

oriongroupholdingsinc.com
3Engineering & Consulting Services
TypeProfessional Services
Description

Professional engineering and consulting services including planning, design, permitting, and acting as Engineer of Record for marine structures and related infrastructure.

oriongroupholdingsinc.com
Marketing channels4 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels2 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Personnel, Operations, Supply Chain, Infrastructure, Technology or R&D
Pricing details1 tier
1Project-based construction contracts
ModelOtherBilling cadenceMulti-year contract
Notes

Pricing determined through competitive bidding for public sector contracts and direct negotiation for private projects. Factors include project scope, labor, materials, equipment, and timeline.

oriongroupholdingsinc.com
GTM typeB2B
B2B
Offering typeServices
Services
Core offering1 text field

Orion Marine Group is a heavy civil marine contractor that provides marine construction (dredging, shoreline protection, habitat restoration, pier reconstruction, marine diving), concrete construction (high-rise, commercial, data centers), and marine/civil engineering & consulting services (planning, design, permitting, Engineer of Record, turnkey design-build). Services are delivered to federal/state agencies and private industrial, energy, and commercial customers across the U.S., Alaska, Hawaii, Canada, and the Caribbean.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 2 values shown
  • Achieved strong Q4 earnings exceeding analyst estimates with positive guidance for 2026
+1 more record
Product overview1 text field

Orion Group Holdings operates as a construction and engineering company with three integrated divisions: Orion Marine (marine construction, diving, and marine services), Orion Concrete (concrete construction including data centers), and Orion Engineering & Consulting (marine and civil engineering, planning, design, permitting, and Engineer of Record services). The company recently expanded capabilities through the acquisition of J.E. McAmis and JEM Marine Leasing LLC. Projects span habitat restoration, high-rise construction, LNG infrastructure, and coastal protection. The company has a portfolio of over 5,000 projects across the contiguous United States, Alaska, Hawaii, Canada, and the Caribbean.

Product and service3 records
1Orion Marine
CategoryMarine Construction
Description

Marine construction and services division providing one-source solutions for projects above and below, on and off the water, including demolition, reconstruction, stormwater systems, pier sections, marine diving services, and habitat restoration for government and private sector clients.

2Orion Concrete
CategoryConcrete Construction
Description

Concrete construction services for various industries including high-rise residential, commercial, infrastructure, and data center projects, delivered with consistent project management, quality work, and cost-effective completion across Texas, Florida, and beyond.

3Orion Engineering & Consulting
CategoryEngineering & Consulting
Description

Marine and civil engineering services offering planning, design, and permitting, serving as Engineer of Record for marine structures and related infrastructure, with turnkey design-build delivery when customers require integrated solutions.

Scale indicator10 records

Each record includes

Type, Value, Description, Source

Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight6 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

Marine infrastructure contractor specializing in dredging, marine construction, and environmental remediation; competes with Orion for U.S. East Coast and Gulf federal marine contracts.

TypeBroad incumbent
Description

Global engineering, technical professional services, and project delivery firm (J) with a Critical Mission Solutions and Infrastructure group that competes with Schneider Engineering on marine and civil design work.

TypeBroad incumbent
Description

Consulting and engineering services firm (TTEK) with a Water and Environment practice overlapping Orion's Schneider Engineering & Consulting and habitat restoration services.

TypeBroad incumbent
Description

Large publicly traded heavy civil contractor (GVA) with a meaningful water resources and marine group; broader scope than Orion but overlapping on large federal, transportation, and waterfront awards.

TypeDirect peer
Description

Family-owned heavy marine contractor delivering dredging, pier/wharf construction, and marine heavy lift across U.S. ports; directly comparable on military, commercial, and environmental marine construction bid work.

TypeBroad incumbent
Description

Large publicly traded civil and building contractor (TPC) competing for federal heavy civil, transportation, and large infrastructure projects where Orion's concrete and marine expertise are relevant.

TypeDirect peer
Description

Publicly traded heavy civil infrastructure firm (STRL) with a heavy civil marine subsidiary serving ports, waterways, and coastal infrastructure; comparable in business model, government customer mix, and project-based revenue recognition.

TypeBroad incumbent
Description

Global engineering, government services, and sustainable solutions firm (KBR) comparable to Orion's engineering consulting arm in design, program management, and federal infrastructure support.

TypeDirect peer
Description

Privately held heavy civil marine contractor performing dredging, marine construction, tunneling, and shoreline stabilization across the U.S. coastline; directly comparable to Orion Marine on contracted marine and coastal infrastructure scope.

TypeDirect peer
Description

Largest U.S. dredging contractor providing capital dredging, beach nourishment, and coastal protection services to U.S. Army Corps of Engineers; directly competes with Orion Marine for federal marine construction awards and shares identical end customers.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat5 records

Each record includes

Type, Details

Key risks7 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers3 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment3 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile2 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature4 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles3 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

Subsidiaries3 records

Each record includes

Name, Acquired on, Relationship type, Type, Business focus

No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Orion Marine Group

Marine Construction Servicesorionmarinegroup.com

Orion Marine Group (NYSE: ORN) is a Houston-based heavy civil marine and concrete construction contractor serving federal agencies (U.S. Army Corps of Engineers, Navy) and private industrial/energy clients via three divisions: marine construction, concrete construction (including data centers), and engineering & consulting, with operations across the U.S., Alaska, Hawaii, Canada, and the Caribbean.

What Orion Marine Group does

Orion Marine Group, legally Orion Group Holdings, Inc. (NYSE: ORN), is a Houston-headquartered heavy civil marine and concrete construction contractor organized into three integrated divisions: Orion Marine (marine construction, diving, and marine services with a claimed 100-year legacy), Orion Concrete (concrete construction including a dedicated data center vertical with 40+ years of expertise concentrated in Texas and Florida), and Orion Engineering & Consulting (marine and civil engineering, planning, design, permitting, and Engineer of Record services delivered via Schneider Engineering & Consulting). The company pursues large infrastructure projects through a direct enterprise sales motion, winning work via competitive bidding on federal/state contracts (U.S. Army Corps of Engineers, U.S. Navy) and direct negotiation with private industrial and energy customers (e.g., Vigor Shipyard, Golden Pass LNG). Its go-to-market is project-based, with multi-year contract durations and pricing driven by scope, complexity, materials, labor, equipment, and timeline rather than standardized tiers.

The company monetizes through three one-time/license-style revenue streams: marine construction services (dredging, shoreline protection, habitat restoration, pier reconstruction), concrete construction services, and professional engineering & consulting services. In 2026 Orion executed a ~$60 million acquisition of J.E. McAmis, Inc. and JEM Marine Leasing LLC to broaden marine construction capability, secured an $86.3 million U.S. Army Corps of Engineers shoreline protection contract, and refinanced into a new $120 million Senior Credit Facility with UMB Bank (replacing the prior $88 million facility). Operations span the contiguous United States, Alaska, Hawaii, Canada, and the Caribbean, with a stated portfolio of over 5,000 completed projects.

Orion Marine Group firmographics

Firmographics
Name
Orion Marine Group
Legal name
Orion Group Holdings, Inc.
Website
https://orionmarinegroup.com
Company type
Public
Founded year
1994
Operating status
Operating
Headcount range
1,001–5,000 employees
Short description
Orion Marine Group (NYSE: ORN) is a Houston-based heavy civil marine and concrete construction contractor serving federal agencies (U.S. Army Corps of Engineers, Navy) and private industrial/energy clients via three divisions: marine construction, concrete construction (including data centers), and engineering & consulting, with operations across the U.S., Alaska, Hawaii, Canada, and the Caribbean.
Ownership category
akta.pro rank

Orion Marine Group industry classification

Industry
Product category
Marine Construction Services
NAICS
Ship Building and Repairing (336611), Engineering Services (541330), Other Building Equipment Contractors (23829)
SIC
Ship & Boat Building & Repairing (3730), Services-Engineering Services (8711)
akta.pro primary industry
Subsea & Nearshore Civil Works (Trenching, Rock Placement, Mattressing) (IMAFAJAI)
akta.pro secondary industry
Project Management & Owner’s Engineering / Technical Consultancy (Spec Writing, Bid Support, Site Support) (IMAJAGAO)

Keywords

  • Marine construction services
  • Heavy civil contracting
  • Concrete construction services
  • Marine engineering consulting
  • Coastal infrastructure projects

Where Orion Marine Group is headquartered

Location

Headquarters

HQ city
Houston
HQ country
United States
HQ region
North America

Offices1 record

Markets served

Orion Marine Group business model

Business model
GTM type
B2B
Offering type
Services
Cost components
Personnel, Operations, Supply Chain, Infrastructure, Technology or R&D

Revenue model

  1. Marine Construction Services: Revenue generated from marine infrastructure construction projects including dredging, shoreline protection, habitat restoration, pier reconstruction, and marine structure installation. Projects are typically one-time contract-based with varying durations.
  2. Concrete Construction Services: Revenue from concrete construction services for various industries including high-rise residential, commercial, and infrastructure projects. Accomplishes high customer satisfaction rates and repeat business through superior project management.
  3. Engineering & Consulting Services: Professional engineering and consulting services including planning, design, permitting, and acting as Engineer of Record for marine structures and related infrastructure.

Pricing tiers

ModelBillingPrice
OtherMulti-year contractProject-based construction contracts

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Orion Marine Group product offering

Product offering

Core offering

Orion Marine Group is a heavy civil marine contractor that provides marine construction (dredging, shoreline protection, habitat restoration, pier reconstruction, marine diving), concrete construction (high-rise, commercial, data centers), and marine/civil engineering & consulting services (planning, design, permitting, Engineer of Record, turnkey design-build). Services are delivered to federal/state agencies and private industrial, energy, and commercial customers across the U.S., Alaska, Hawaii, Canada, and the Caribbean.

Product overview

Orion Group Holdings operates as a construction and engineering company with three integrated divisions: Orion Marine (marine construction, diving, and marine services), Orion Concrete (concrete construction including data centers), and Orion Engineering & Consulting (marine and civil engineering, planning, design, permitting, and Engineer of Record services). The company recently expanded capabilities through the acquisition of J.E. McAmis and JEM Marine Leasing LLC. Projects span habitat restoration, high-rise construction, LNG infrastructure, and coastal protection. The company has a portfolio of over 5,000 projects across the contiguous United States, Alaska, Hawaii, Canada, and the Caribbean.

Differentiator

Problem solved

Functional benefit

Products and services

  • Orion Marine Marine construction and services division providing one-source solutions for projects above and below, on and off the water, including demolition, reconstruction, stormwater systems, pier sections, marine diving services, and habitat restoration for government and private sector clients.
  • Orion Concrete Concrete construction services for various industries including high-rise residential, commercial, infrastructure, and data center projects, delivered with consistent project management, quality work, and cost-effective completion across Texas, Florida, and beyond.
  • Orion Engineering & Consulting Marine and civil engineering services offering planning, design, and permitting, serving as Engineer of Record for marine structures and related infrastructure, with turnkey design-build delivery when customers require integrated solutions.

Quantifiable outcome

  • Achieved strong Q4 earnings exceeding analyst estimates with positive guidance for 2026
  • +1 more outcomes

Companies that use Orion Marine Group

Customer profile

Named customers3 records

Segments3 records

Ideal customer profiles2 records

Orion Marine Group technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature4 records

Orion Marine Group partnerships and signals

Strategic signal

Scale indicators10 records

Recent moves6 records

Expansion highlights6 records

Orion Marine Group competitors and assessment

Company assessment

Direct peers

  • Cashman Dredging & Marine Contracting: Marine infrastructure contractor specializing in dredging, marine construction, and environmental remediation; competes with Orion for U.S. East Coast and Gulf federal marine contracts.
  • Manson Construction Co. Family-owned heavy marine contractor delivering dredging, pier/wharf construction, and marine heavy lift across U.S. ports; directly comparable on military, commercial, and environmental marine construction bid work.
  • Sterling Infrastructure: Publicly traded heavy civil infrastructure firm (STRL) with a heavy civil marine subsidiary serving ports, waterways, and coastal infrastructure; comparable in business model, government customer mix, and project-based revenue recognition.
  • Weeks Marine: Privately held heavy civil marine contractor performing dredging, marine construction, tunneling, and shoreline stabilization across the U.S. coastline; directly comparable to Orion Marine on contracted marine and coastal infrastructure scope.
  • Great Lakes Dredge & Dock Corporation: Largest U.S. dredging contractor providing capital dredging, beach nourishment, and coastal protection services to U.S. Army Corps of Engineers; directly competes with Orion Marine for federal marine construction awards and shares identical end customers.

Broad incumbents

  • Jacobs Solutions Inc. Global engineering, technical professional services, and project delivery firm (J) with a Critical Mission Solutions and Infrastructure group that competes with Schneider Engineering on marine and civil design work.
  • Tetra Tech, Inc. Consulting and engineering services firm (TTEK) with a Water and Environment practice overlapping Orion's Schneider Engineering & Consulting and habitat restoration services.
  • Granite Construction Incorporated: Large publicly traded heavy civil contractor (GVA) with a meaningful water resources and marine group; broader scope than Orion but overlapping on large federal, transportation, and waterfront awards.
  • Tutor Perini Corporation: Large publicly traded civil and building contractor (TPC) competing for federal heavy civil, transportation, and large infrastructure projects where Orion's concrete and marine expertise are relevant.
  • KBR, Inc. Global engineering, government services, and sustainable solutions firm (KBR) comparable to Orion's engineering consulting arm in design, program management, and federal infrastructure support.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

Orion Marine Group social profiles

Digital presence

Orion Marine Group financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Orion Marine Group leadership team

Management profile

Number of profiles

Profiles3 records

Orion Marine Group subsidiaries and ownership

Company hierarchy

Subsidiaries3 records

Orion Marine Group funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Orion Marine Group M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Orion Marine Group

What does Orion Marine Group do?

Orion Marine Group is a heavy civil marine contractor that provides marine construction (dredging, shoreline protection, habitat restoration, pier reconstruction, marine diving), concrete construction (high-rise, commercial, data centers), and marine/civil engineering & consulting services (planning, design, permitting, Engineer of Record, turnkey design-build). Services are delivered to federal/state agencies and private industrial, energy, and commercial customers across the U.S., Alaska, Hawaii, Canada, and the Caribbean.

Is Orion Marine Group a public or private company?

Orion Marine Group is a public company. It is classified as public and is currently operating.

When was Orion Marine Group founded?

Orion Marine Group was founded in 1994. It employs 1,001 to 5,000 people.

Where is Orion Marine Group based?

Orion Marine Group is headquartered in Houston, United States, in the North America region.

How does Orion Marine Group make money?

Three revenue lines are on record. Marine Construction Services are the primary driver. The others are concrete Construction Services and engineering & Consulting Services.

Who are Orion Marine Group's main competitors?

Direct peers on record are Cashman Dredging & Marine Contracting, Manson Construction Co., Sterling Infrastructure, Weeks Marine and Great Lakes Dredge & Dock Corporation. Broad incumbents are Jacobs Solutions Inc., Tetra Tech, Inc., Granite Construction Incorporated, Tutor Perini Corporation and KBR, Inc..

Does Orion Marine Group have an API?

No public API is recorded for Orion Marine Group.

What industry is Orion Marine Group in?

Orion Marine Group's product category is Marine Construction Services. Its primary akta.pro industry code is IMAFAJAI, Subsea & Nearshore Civil Works (Trenching, Rock Placement, Mattressing), with a secondary code of IMAJAGAO, Project Management & Owner’s Engineering / Technical Consultancy (Spec Writing, Bid Support, Site Support). Its NAICS code is 336611 and its SIC code is 3730.

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Live signals
Investing.comMKM initiates Orion Marine Group stock with Buy rating By Investing.comRoth/MKM has initiated coverage on Orion Marine Group (ORN) with a Buy rating and a price target of $17.00, representing approximately 19% upside from the current price of $14.30. The research firm projects organic growth of 7.0-10.0% for Orion, driven by multi-billion-dollar spending on US Navy defense programs and port infrastructure, and expects AEBITDA margins to reach 7.6% by 2027. Recent developments include Orion's $60 million acquisition of J.E. McAmis and JEM Marine Leasing LLC, an $86.3 million contract from the US Army Corps of Engineers for a Texas shoreline protection project, and a new $120 million Senior Credit Facility with UMB Bank.Investing.comMKM initiates Orion Marine Group stock with Buy rating By Investing.comRoth/MKM initiated coverage on Orion Marine Group (NYSE:ORN) with a Buy rating and a $17 price target, citing expected growth from U.S. Navy defense programs, port infrastructure spending, and infrastructure-reserved state budgets, with projections of 7–10% organic growth and AEBITDA margins reaching 7.6% by 2027. The company also announced the acquisition of J.E. McAmis, Inc. and JEM Marine Leasing LLC for approximately $60 million, secured an $86.3 million shoreline protection contract from the U.S. Army Corps of Engineers in Texas, and entered a new $120 million Senior Credit Facility with UMB Bank, replacing a prior $88 million agreement.Investing.comOrion Marine Group stock price target raised to $15 by DA Davidson By Investing.comDA Davidson raised its price target on Orion Marine Group to $15 from $13, maintaining a Buy rating on the marine infrastructure services company, with shares currently trading at $13.70, up 6.4% in the session. The price target increase follows Orion Marine's $60 million acquisition of J.E. McAmis, Inc. and JEM Marine Leasing LLC, which DA Davidson described as a solid strategic fit with EBITDA margins exceeding 20%. The company also recently secured an $86.3 million contract from the U.S. Army Corps of Engineers for Texas coastal shoreline protection and entered a new $120 million Senior Credit Facility, while JPMorgan separately initiated coverage with an Overweight rating and $16 price target.Investing.comOrion Marine Group stock initiated with Overweight rating by JPMorgan By Investing.comJPMorgan initiated coverage on Orion Marine Group with an Overweight rating and a $16.00 price target, citing its operational strengths and strategic focus on infrastructure-related construction. The company reported strong financial results for Q3 2025 and secured new contracts, including an $86.3 million project from the U.S. Army Corps of Engineers.DredgeWireARC Surveyors Video of Halloween on the Water' When Subsurface Ghosts Meet Clear Data - DredgeWireC&C Marine and Repair has delivered a new 160-foot unmanned steel idler barge to Orion Marine Construction to support its dredging operations. The vessel, designed by The Shearer Group, features an integrated walking-spud system enabling the combined unit to advance approximately 30 feet during operations.DredgingtodayHouston Ship Channel expansion project in full swingPort Houston is expediting the Houston Ship Channel Expansion-Project 11 by employing multiple dredge companies simultaneously, with Great Lakes Dredge & Dock, Curtin Maritime, Weeks Marine, and Orion Marine Group each working on different segments. When complete, the project will widen the channel by 170 feet along its Galveston Bay reach from 530 feet to 700 feet and deepen some upstream segments to 46.5 feet. The expansion aims to improve safety, efficiency, and create new environmental features for one of the nation's busiest shipping lanes.GlobeNewswireOrion Marine Group, Inc. Announces New Corporate NameOrion Marine Group, Inc. announced a name change to Orion Group Holdings, Inc., effective May 24, 2016. The parent company will operate under the new name, while its Heavy Civil Marine Construction segment retains the Orion Marine Group brand and its Commercial Concrete segment keeps the TAS Commercial Concrete brand. The company will continue trading on the NYSE under ORN.GlobeNewswireCORRECTING and REPLACING – Orion Marine Group, Inc. Reports First Quarter 2016 Results; Sets 2017 EBITDA GoalOrion Marine Group reported a Q1 2016 net loss of $1.2 million, with contract revenue of $129.6 million, up 59.1% year-over-year. The company set a 2017 EBITDA target of $70 million and expects improved results in the second half of 2016.GlobeNewswireOrion Marine Group, Inc. Reports First Quarter 2016 Results; Sets 2017 EBITDA GoalOrion Marine Group reported a Q1 2016 net loss of $1.2 million, down from $0.3 million a year earlier, with contract revenue of $129.6 million. The company set a 2017 EBITDA goal of $70 million and expects improved results in the second half of 2016.GlobeNewswireOrion Marine Group, Inc. Reports Fourth Quarter and Full Year 2015 ResultsOrion Marine Group reported Q4 2015 net income of $1.4 million and a full-year 2015 net loss of $8.1 million. Q4 contract revenue rose 50.9% to $161.9 million, driven by the TAS acquisition, while heavy civil marine revenue fell 16.6% to $89.5 million. The company expects improved results in 2016.