Gulf Island Fabrication, Inc. Contracts on 3 New Projects

Gulf Island Fabrication, Inc. GIFI +1.89%announced, that through its subsidiary Gulf Island, LLC, it has signed contracts for the fabrication of three new projects totaling $125mn and approximately 1.2 million man-hours which will be included in the company's consolidated backlog when the company announces its earnings results for the second quarter ended June 30, 2011. The three contracts are for:

-- A 320 feet long by 160 feet wide dry dock awarded by the Terrebonne Port Commission for the LaShip project.

-- A 6,200 ton Process Module for ATP Oil & Gas Corporation's Cheviot project managed through Bluewater Industries.

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-- A 7,000 ton topsides for Williams Partners' proprietary floating-production system, Gulfstar FPS(TM).