Conrad New Shipbuilding Business

Conrad Industries, Inc. announced the signing of new contracts, bringing current backlog to approximately $86m compared $41m at June 30, 2010, $38m at December 31, 2009 and $56.1m at September 30, 2009.

New contracts include three 150-ft x 50-ft x 8-ft heavy load capacity equipment hauling barges for the U.S. Army Corps of Engineers.

In addition, the North Carolina Department of Transportation awarded a contract to Conrad for the construction of a 220-ft passenger and vehicle ferry for servicing the Pamlico Sound routes between Cedar Island and Ocracoke, and Ocracoke and Swan Quarter. The vessel is capable of transporting 300 passengers and 50 vehicles, and is similar to the vessel currently under construction at our shipyard in Orange, Texas.