The overall goal of the offshore project is to expand the dock capacity to provide up to two major cutter berths. The project also includes unexploded ordnance removal, waterfront improvements, a new fueling utility building, utilities, cutter shore ties, and other site amenities.

Design work began in late September, with substantial completion anticipated in September 2030. The contract value will be included in the Company’s backlog reported for the third quarter of 2026.