Horizon Shipbuilding Wins Contracts

January 21, 2004

Travis R. Short, President of Horizon Shipbuilding, Inc. announced that the U.S. Coast Guard Maintenance Command, Norfolk, Virginia recently awarded a five-year contract for maintenance of 41-ft. utility vessels stationed on the Gulf Coast from Florida to Louisiana. This is the second multi-year contract awarded to Horizon by the Coast Guard for maintenance and refurbishment of its vessels; a five-year contract for major overhaul of 30-ft and 40-ft fiberglass boats was awarded in 2003. Horizon Shipbuilding emerged from Chapter Eleven reorganization in October 2003, and has continued to perform contracts then in progress for various U.S. Navy activities, U.S. Coast Guard and the state of Florida Fish and Wildlife Conservation Commission. In recent weeks, Horizon manufactured and delivered four single and multi-tier paint floats to U.S. naval stations at Pascagoula, Miss.; Mayport, Fla.; and Norfolk, Va. In February, Horizon will complete a major refurbishment of the Patrol Boat, Orion for the state of Florida Fish and Wildlife Conservation Commission; the work scope included the complete re-hulling of the vessel and lowering of the shaft line to increase clearance between the vessel hull and the propeller tips. Horizon regularly manufactures vessels of steel, aluminum and fiberglass. Its deliveries last year included a 200-ft. OSV with controllable pitch propellers, dynamic positioning and FI-FI-1 firefighting capability and one 155-ft. aluminum crew boat. Contact Horizon for vessels to 250-ft. in length and 1,500 tons launch weight.

Horizon Shipbuilding Wins Contracts

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