L.B. Foster Awarded $7 Million USACE Soo Locks Construction Project
L.B. Foster Company (NASDAQ: FSTR) has secured a $7 million subcontract to provide 5,750 tons of steel piling for the rehabilitation of upstream approach walls at the U.S. Army Corps of Engineers' Soo Locks Complex in Michigan. The project, aimed at improving navigation for critical raw materials, is a collaboration with Kokosing-Alberici, LLC. Construction is set to use advanced steel materials and is expected to be completed in 2023. The Soo Locks are vital for shipping approximately 80 million tons of commodities annually.
- Awarded a $7 million subcontract for vital U.S. infrastructure project.
- Supplying 5,750 tons of steel piling enhances business scope.
- Collaboration with established infrastructure firms boosts credibility.
- None.
PITTSBURGH, July 13, 2021 (GLOBE NEWSWIRE) -- L.B. Foster Company (the “Company”) (NASDAQ: FSTR) has been awarded a
The upstream approach walls will be constructed using a combination of 34 ft. diameter cellular cofferdams using PS 31 and PS 27.5 steel flat sheets, and approach walls using PZC™ 13, 26, and 28 steel sheet piling. The approach walls allow ships to tie up and wait their turn to pass through the new lock. L.B. Foster and major supply partner, Gerdau, managed the delivery of the piling beginning in spring 2021, with installation estimated to be completed in 2023.
“Our sales and engineering teams worked closely with Kokosing-Alberici, LLC to supply the materials required to construct a lock and dam structure that will adequately serve the navigation needs for industries that rely on shipments of critical raw materials to ports in the lower Great Lakes,” noted Michael Bernitt, Regional Sales Manager, L.B. Foster Infrastructure Solutions.
Originally built in 1855, the Soo Locks are a set of parallel locks operated and maintained by the United States Army Corps of Engineers, Detroit District, that enable ships to travel between Lake Superior and the lower Great Lakes. Approximately 80 million tons of commercial commodities pass through the Soo Locks annually.
PZC™ is a trademark of Gerdau.
About L.B. Foster Company
L.B. Foster Company and its subsidiaries provide products and services for the rail industry, and solutions to support critical infrastructure projects. The Company’s innovative engineering and product development solutions inspire the safety, reliability, and performance of its customers’ challenging requirements. The Company maintains locations in North America, South America, Europe, and Asia. For more information, please visit www.lbfoster.com.
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Should one or more of these risks or uncertainties materialize, or should the assumptions underlying the forward-looking statements prove incorrect, actual outcomes could vary materially from those indicated. Significant risks and uncertainties that may affect the operations, performance, and results of the Company’s business and forward-looking statements include, but are not limited to, those set forth under Item 1A, “Risk Factors,” and elsewhere in our Annual Report on Form 10-K for the year ended December 31, 2020, or as updated and/or amended by other current or periodic filings with the Securities and Exchange Commission.
The forward-looking statements in this release are made as of the date of this release and we assume no obligation to update or revise any forward-looking statement, whether as a result of new information, future developments, or otherwise, except as required by the federal securities laws.
Marketing & Communications:
Jake Fuellhart
(412) 928-5645
jfuellhart@lbfoster.com
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