Gulf Island Fabrication announced that through its subsidiary Gulf Island Marine Fabricators, it received a letter of intent to participate as a sub-contractor in the construction of two 60-meter Offshore Support Vessels for the Iraqi Navy. The value of our portion of the contract will be included in the backlog when reported for the quarter ended March 31, 2010.
The primary contractor for the project is RiverHawk Fast Sea Frames, a Tampa, FL Shipbuilder. These two ships will play a central role in rebuilding vital maritime security capability, mission capability, focused primarily on support and defense of offshore oil terminals in Iraq.
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