Conrad Awarded Ferry Contract

Thursday, November 14, 2002
Conrad Industries, Inc. announced the award of a $9.5 million contract for the Alaska Marine Highway System. The contract award calls for the construction of a 181-ft. ferry capable of transporting 149 passengers and 18 vehicles. When delivered, the vessel will provide service between Metlakatla and Ketchikan, two of the Inside Passage of Alaska’s southernmost communities. Kenneth G. (“Jerry”) Myers, Jr., Conrad’s President and CEO commented, "We’re excited about the opportunity to work for the Alaska Marine Highway System on this first of a kind ferry. This project, coupled with several recently awarded contracts also in the government segment, continues to allow us to diversify both our customer and product bases. The addition of this contract creates a record backlog for Conrad, totaling approximately $40 million, excluding unexercised options. The work will be performed at our Conrad Shipyard facility in Morgan City.

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