Gulf Island Announces Project Awards

Gulf Island Fabrication Inc., Houston, Texas, announced March 19 that, through its subsidiary Gulf Island Shipyards, LLC, it has signed a contract for the construction and delivery of one Towing, Salvage and Rescue Ship (T-ATS) vessel for the U.S. Navy with an option for seven additional vessels.

In addition to this award, Gulf Island Shipyards, the company’s fabrication subsidiary, has signed a contract with U.S. Wind Inc. for one meteorological tower and platform for its offshore wind project located off the coast of Maryland.

“We are extremely excited to have these awards with the U.S. Navy along with U.S. Wind and look forward to working with them to successfully deliver these projects,” said Kirk Meche, president and CEO of Gulf Island. “These projects support our efforts to diversify our company within our reporting segments as we continue to look for ways to provide opportunities for our employees and value-added returns for our shareholders.”

Gulf Island Fabrication Inc., with fabrication facilities located in Louisiana and Texas, is a builder of complex steel structures and marine vessels used for oil and gas production and transportation, petrochemical and industrial facilities, power generation and alternative energy projects.  Gulf Island also provides related installation, hookup, commissioning, repair and maintenance services, with specialized crews and integrated project management capabilities.