Great Lakes Dredge & Dock Wins 7 New Projects Totaling Over $130M in Q3 2025

Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) is one of the best infrastructure stocks to buy with huge upside. On October 1, Great Lakes Dredge & Dock Corporation announced the receipt of seven new work awards totaling over $130 million, with the full value totaling ~$134 million. All seven projects were won and awarded in Q3 2025.

These awards expand the company’s 2025 dredging backlog, which reinforces revenue visibility through the rest of the year and well into 2026. The company’s President and CEO, Lasse Petterson, confirmed that the company’s operations remain unaffected by the current government shutdown, as all projects in the backlog are fully funded.

The largest of the awards is a $27.9 million maintenance project for the Mississippi River, Baton Rouge to the Gulf, Head of Passes Project in Louisiana. This federally funded work for the US Army Corps of Engineers/USACE, New Orleans District, involves dredging existing river maintenance material and placing it nearby to contribute to marsh development. Work on this project, which also has an unexercised option for additional work, is expected to start in Q4 2025.

Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) provides dredging services in the US. The company offers capital dredging that consists of port expansion projects, coastal restoration & land reclamations, trench digging for pipelines, tunnels, and cables. It also offers other dredging related to the construction of breakwaters, jetties, canals, and other marine structures.

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