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Fly News Breaks for October 2, 2015
ORN
Oct 2, 2015 | 09:19 EDT
As noted earlier, BB&T downgraded Orion to Hold from Buy. The firm says that the company has been awarded just one contract from the Army Corps Galveston district for $3M this year versus five last year for $28M. BB&Y says that the company's margins and dredge fleet utilization could be negatively impacted by this development.