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DRX: Hydro Momentum Continues; $82M in New Contracts
SUMMARY
- What you need to know: • ADF announced $82.0M in new contracts, led by a fast-track hydroelectric project in Western Canada, plus hydro work in Quebec, Ontario, and the Atlantic provinces and a recreational project on the U.S. West Coast.
- • Fabrication on the Western Canada project begins in March 2027 and runs over nine months, while most of the other Canadian contracts begin in December 2026 and run over 18 months.
- • On a pro forma basis, the awards lift ADF’s backlog to a record $775.7M, up from $693.7M at the end of Q2.
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- DRX: Hydro Momentum Continues; $82M in New Contracts15 Oct 2026
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