Hello, Guest!
  • Friday, April 26, 2024
gulf-island-shipyard-awarded-130m-to-build-additional-navy-towing-salvage-rescue-ships

Gulf Island Shipyard Awarded $130M to Build Additional Navy Towing, Salvage & Rescue Ships

Jeff Brody

Gulf Island Fabrication‘s shipyard business has received a two-year, $129.9M contract modification to build two towing, salvage and rescue vessels for the U.S. Navy.

The shipbuilding project will take place in Houma, La., and contract work also involves T-ATS 6 unique item identification, the Department of Defense said Wednesday.

DoD expects the project to be finished by October 2022.

Gulf Island Shipyards initially won a $522.7M contract in March 2018 to design and construct up to eight T-ATS vessels based on commercial towing offshore models.

The shipbuilder laid the keel on USNS Navajo, the lead ship of its class, during a ceremony held in late October 2019 at the Houma Terrebonne Civic Center.

Video of the Day

Related Articles

Bollinger Buys Gulf Island’s Shipyard Business to Expand Vessel Construction, Repair Work Contract Awards

Bollinger Buys Gulf Island’s Shipyard Business to Expand Vessel Construction, Repair Work

Bollinger Shipyards has bought the Houma, Louisiana-based shipyard division of Gulf Island Fabrication (Nasdaq: GIFI) for approximately $28.6 million in a move to expand construction or repair work in the military and commercial shipbuilding markets. The deal includes a 437-acre waterfront facility, four drydocks and existing contracts to build vessels for the U.S. Navy, the

Gulf Island Shipyards to Build Navy Towing, Salvage & Rescue Ships Under Potential $523M Contract Contract Awards

Gulf Island Shipyards to Build Navy Towing, Salvage & Rescue Ships Under Potential $523M Contract

A Gulf Island Fabrication subsidiary has won a potential $522.7 million contract to design and construct up to eight ships based on current commercial towing offshore models. The contract awarded to Louisiana-based Gulf Island Shipyards has an initial value of $63.6 million to fund the first Towing, Salvage and Rescue Ship and includes options for the construction of seven