Gulf Island Awarded Fabrication Contract to Support NASA Mobile Launcher 2 Project
04 May 2023 - 6:37AM
Gulf Island Fabrication, Inc. (“Gulf Island” or the
“Company”) (NASDAQ: GIFI), a leading steel fabricator and
service provider to the industrial and energy sectors, today
announced that it has been awarded a fabrication contract by
Bechtel National, Inc. (“BNI”) to support the Mobile Launcher 2
(“ML2”) project.
Gulf Island will be fabricating structural
components for the ML2 project at its Houma fabrication facility
for delivery to the project site at the Kennedy Space Center. The
contract has an estimated value of less than $10 million and will
be included in the Company’s new awards and backlog in the second
quarter 2023.
The ML2 project is a vital part of NASA’s
Artemis program and represents the ground structure used to support
the Space Launch System rocket that will send astronauts and heavy
cargo to the lunar surface. The Artemis program will help to
establish a lunar gateway that will serve as a base for future
lunar expeditions and will help to prove technologies that will
enable future space travel to Mars.
“Gulf Island is proud to support Bechtel and
NASA on this important project that will help drive future advances
in space exploration,” said Richard Heo, Gulf Island’s President
and Chief Executive Officer. “This award reflects our strategic
focus on pursuing projects outside of our traditional offshore oil
and gas markets, and highlights how we are well-positioned to
support a broad range of end markets based on our track-record of
execution, strategic location, and expertise in fabricating complex
structures.”
ABOUT GULF ISLAND
Gulf Island is a leading fabricator of complex
steel structures and modules and provider of specialty services,
including project management, hookup, commissioning, repair,
maintenance, scaffolding, coatings, welding enclosures, civil
construction and staffing services to the industrial and energy
sectors. The Company’s customers include U.S. and, to a lesser
extent, international energy producers; refining, petrochemical,
LNG, industrial and power operators; and EPC companies. The Company
is headquartered in The Woodlands, Texas and its primary operating
facilities are located in Houma, Louisiana. For more information
please visit www.gulfisland.com.
COMPANY INFORMATION
Richard W. Heo |
Westley S. Stockton |
Chief Executive Officer |
Chief Financial Officer |
713.714.6100 |
713.714.6100 |
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