Gulf Island Fabrication Secures $35 Million Contract for Francis Scott Key Bridge Project
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 01 2025
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Contract Award: Gulf Island Fabrication has secured a fabrication contract for the reconstruction of the Francis Scott Key Bridge in Baltimore, Maryland, valued at over $35 million.
Project Timeline: Material procurement has started, with fabrication activities expected to commence in the fourth quarter of 2025, and the contract will be reflected in the company's backlog in the third quarter of 2025.
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Analyst Views on GIFI
About GIFI
Gulf Island Fabrication, Inc. is a fabricator of complex steel structures and modules. The Company is also a provider of specialty services, including project management, hookup, commissioning, repair, maintenance, scaffolding, coatings, welding enclosures, civil construction and staffing services for the industrial and energy sectors. The Company’s divisions include Services Division and Fabrication Division. Services Division provides maintenance, repair, construction, scaffolding, coatings, welding enclosures and other specialty services on offshore platforms and inland structures and at industrial facilities. It also provides services required to connect production equipment and service modules and equipment on offshore platforms. Fabrication Division fabricates modules, skids and piping systems for onshore refining, petrochemical, industrial facilities, and offshore facilities; fabricates foundations, secondary steel components and support structures, among others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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