Related Party Transactions

6 Months Ended

Jun. 30, 2024

Related Party Transaction

Related Party Transactions

17.Related Party Transaction

On March 10, 2023, the United States Navy awarded the Dragados/Hawaiian Dredging/Orion Joint Venture a $2.8 billion contract to complete the construction of a dry dock at Pearl Harbor Naval Shipyard. The Company’s portion of work as a dedicated subcontractor totals $435.4 million. For the three months ended June 30, 2024 and 2023, the Company’s revenue related to the joint venture subcontract was approximately

$55.5 million and $25.5 million, respectively. For the six months ended June 30, 2024 and 2023, the Company’s revenue related to the joint venture subcontract was approximately $93.5 million and $25.5 million, respectively.