31 August 1999
Source: Business Wire
Ludlum Construction Announces $700,000 contract with Army Corps of Engineers
PALM CITY, Fla. - Ludlum Construction announced today that the Army Corps of Engineers awarded Ludlum Construction Co., Inc. a contract to dredge a harbor in Aguadilla, Puerto Rico.
Ludlum Construction will receive $701,890.00 to dredge 57,000 yards of sand out of the harbor to keep it safe for navigation. Ludlum Construction expects to have the job completed in 45 days using its new Ellicott® dredge.
Ludlum Construction has a fleet of seven intermediate-sized dredges plus several barge-mounted excavators. Company services range from dredging new channels, harbor, channel and canal maintenance, new lake construction, existing lake expansion to golf course construction and subdivision site work. The demand for dredging continues to increase...access and land development, golf course and marina construction are flourishing, leaving the market wide open for the dredging and excavating services Ludlum Construction provides.
A leader in the industry for over 25 years, having successfully built golf courses, such as "The Floridian" owned by Wayne Huizenga, and completed dredging work at Cape Canaveral for United Space Alliance. Ludlum is a thriving company primed for expansion. With 1999 revenues projected to exceed $5,000.000, the Company is on it way to achieving its expansion goals.