Gulf Island Wins $7M Defense Contract for Japan Fleet Facility

Gulf Island Fabrication (NASDAQ: GIFI) has secured a significant task order from the U.S. Defense Logistics Agency (DLA) through its Englobal government services business. The contract, valued at over $7.0 million, involves upgrading and installing an automated fuel handling system at the Fleet Logistics Center in Yokosuka, Japan.

The project is scheduled to commence in September 2025 with completion expected in Q1 2028. This task order is part of a broader indefinite-delivery, indefinite-quantity contract extending through September 2029, allowing DLA to issue similar fuel system upgrade orders worldwide. The award follows Gulf Island’s acquisition of Englobal in Q2 2025.

Gulf Island Fabrication (NASDAQ: GIFI) ha ottenuto un significativo ordine di lavoro dalla U.S. Defense Logistics Agency (DLA) tramite la sua attività di servizi governativi Englobal. Il contratto, valutato a oltre 7,0 milioni di dollari, riguarda la modernizzazione e l’installazione di un sistema automatizzato di gestione del carburante presso il Fleet Logistics Center di Yokosuka, in Giappone.

Il progetto è previsto partire settembre 2025 con completamento atteso nel Q1 2028. Questo ordine di lavoro fa parte di un contratto quadro più ampio a consegna indefinita e quantità indefinita che si estende fino a settembre 2029, permettendo alla DLA di emettere ordini simili di upgrade del sistema di alimentazione in tutto il mondo. L’assegnazione arriva dopo l’acquisizione di Englobal da parte di Gulf Island nel secondo trimestre del 2025.

Gulf Island Fabrication (NASDAQ: GIFI) ha asegurado una importante orden de trabajo de la U.S. Defense Logistics Agency (DLA) a través de su negocio de servicios gubernamentales Englobal. El contrato, valorado en más de 7,0 millones de dólares, implica la actualización e instalación de un sistema automatizado de manejo de combustible en el Fleet Logistics Center de Yokosuka, Japón.

El proyecto está previsto para comenzar en septiembre de 2025 con una finalización esperada en el primer trimestre de 2028. Esta orden forma parte de un contrato marco de entrega indefinida y cantidad indefinida que se extiende hasta septiembre de 2029, lo que permite a la DLA emitir órdenes similares de actualización de sistemas de combustible en todo el mundo. La adjudicación se produce tras la adquisición de Englobal por Gulf Island en el segundo trimestre de 2025.

Gulf Island Fabrication (NASDAQ: GIFI)가 미국 국방물자물자청(DLA)의 정부 서비스 사업부 Englobal을 통해 중요한 작업 지시를 확보했습니다. 계약은 700만 달러 이상의 가치로, 일본 요코스카의 함대 물류 센터(Fleet Logistics Center)에서 자동 연료 취급 시스템을 업그레이드하고 설치하는 것을 포함합니다.

프로젝트는 2025년 9월에 착수해 2028년 1분기에 완료될 예정입니다. 이 작업 지시는 2029년 9월까지 확장되는 더 광범위한 무기한 납품/무기한 수량 계약의 일부로서, DLA가 전 세계에서 유사한 연료 시스템 업그레이드 주문을 발행할 수 있도록 합니다. 이 수상은 Gulf Island가 2025년 2분기에 Englobal을 인수한 이후의 성과입니다.

Gulf Island Fabrication (NASDAQ: GIFI) a obtenu une importante commande de travail de la part de l’U.S. Defense Logistics Agency (DLA) par l’intermédiaire de son secteur de services gouvernementaux Englobal. Le contrat, d’une valeur supérieure à 7,0 millions de dollars, prévoit la modernisation et l’installation d’un système automatisé de gestion du carburant au Fleet Logistics Center de Yokosuka, au Japon.

Le projet devrait démarrer en septembre 2025 avec une achèvement prévu au 1er trimestre 2028. Cette commande s’inscrit dans le cadre d’un contrat-cadre à livraisons et quantités indefinies prolongeant jusqu’en septembre 2029, permettant à la DLA d’émettre des ordres similaires de mise à niveau du système de carburant dans le monde entier. Cette attribution fait suite à l’acquisition d’Englobal par Gulf Island au cours du deuxième trimestre 2025.

Gulf Island Fabrication (NASDAQ: GIFI) hat über ihr Englobal-Government-Services-Geschäft einen signifikanten Auftrag von der U.S. Defense Logistics Agency (DLA) gesichert. Der Vertrag mit einem Wert von über 7,0 Millionen USD umfasst die Aufrüstung und Installation eines automatisierten Kraftstoff-Abwicklungssystems am Fleet Logistics Center in Yokosuka, Japan.

Das Projekt soll im September 2025 beginnen und voraussichtlich im 1. Quartal 2028 abgeschlossen werden. Dieser Auftrag ist Teil eines breiteren indefinit-delivery, indefinite-quantity-Vertrags, der bis September 2029 läuft und der DLA ermöglicht, weltweit ähnliche Aufträge zur Aufrüstung von Kraftstoffsystemen zu erteilen. Die Vergabe erfolgt nach der Übernahme von Englobal durch Gulf Island im zweiten Quartal 2025.

Gulf Island Fabrication (NASDAQ: GIFI) قد أ securing طلب عمل مهم من إدارة الخدمات اللوجستية الدفاعية الأمريكية (DLA) من خلال عملها في مجال الخدمات الحكومية Englobal. العقد بقيمة تزيد عن 7.0 ملايين دولار يتضمن ترقية وتثبيت نظام مناولة وقود آلي في مركز لوجستي الأسطول في يوكوسوكا، اليابان.

من المقرر أن يبدأ المشروع في سبتمبر 2025 على أن يكتمل في الربع الأول من 2028. هذا الطلب جزء من عقد عام غير محدد بمدة محدودة أو كمية محدودة يمتد حتى سبتمبر 2029، مما يسمح لـ DLA بإصدار أوامر ترقية أنظمة الوقود المماثلة في جميع أنحاء العالم. يأتي هذا الفوز بعد استحواذ Gulf Island على Englobal في الربع الثاني من 2025.

Gulf Island Fabrication（NASDAQ: GIFI）已通过其 Englobal 政府服务业务获得美国国防后勤局（DLA）的一项重要任务订单。该合同价值超过 700万美元，涉及在日本横须贺的舰队后勤中心升级并安装自动化燃料处理系统。

项目计划于2025年9月启动，预计在2028年第一季度完成。该任务订单是一个更广泛的、持续性供货、数量不定的合同的一部分，该合同将持续至2029年9月，使DLA能够在全球范围内发出类似的燃料系统升级订单。此次授予是在 Gulf Island 于 2025 年第 2 季度收购 Englobal 之后进行的。

Positive

Secured new task order worth over $7.0 million from U.S. Defense Logistics Agency

Contract includes potential for additional task orders through September 2029

Successfully integrated Englobal acquisition with positive customer feedback

Expansion into government services sector diversifies revenue streams

Negative

Extended project timeline stretching to Q1 2028 may impact cash flow timing

Fixed-price contract structure carries potential cost overrun risks

Insights

Gulf Island secured a $7M+ DLA contract following their Englobal acquisition, strengthening government sector foothold and enhancing future revenue visibility.

The $7.0+ million Defense Logistics Agency task order represents a significant win for Gulf Island, coming shortly after their Englobal acquisition in Q2 2025. The fixed-price contract to upgrade and install an automated fuel handling system in Japan provides clear revenue visibility through Q1 2028. What’s particularly valuable here is the contract structure—this task order is part of a broader “indefinite-delivery, indefinite-quantity” framework that extends through September 2029, potentially yielding additional similar projects worldwide.

This award serves as market validation for Gulf Island’s Englobal acquisition strategy. The timing is notable as it demonstrates that government customers are resuming contract awards following the ownership transition—addressing a key risk factor typically associated with acquisitions in the government contracting space. The DLA’s willingness to award this contract so soon after the acquisition indicates confidence in the combined entity’s capabilities.

The contract’s 27-month duration (September 2025 through Q1 2028) provides steady backlog coverage and operational continuity. This type of long-term government work typically carries more stable margins and fewer execution risks than commercial projects. The expertise demonstrated in securing this specialized fuel system contract also positions Gulf Island to pursue similar infrastructure modernization projects across military installations globally—particularly important as defense logistics infrastructure requires significant upgrading worldwide.

09/23/2025 – 04:05 PM

THE WOODLANDS, Texas, Sept. 23, 2025 (GLOBE NEWSWIRE) — Gulf Island Fabrication, Inc. (NASDAQ: GIFI) (“Gulf Island” or the “Company”), a leading steel fabricator and service provider to the industrial, energy and government sectors, today announced that its Englobal government services business has been awarded a task order from the U.S. Defense Logistics Agency (the “DLA”) to upgrade and install an automated fuel handling system at the Fleet Logistics Center in Yokosuka (Yokose), Japan.

The task order is fixed-price with an estimated value in excess of $7.0 million and will be included in the Company’s new awards and backlog in the third quarter 2025. Work under the task order is scheduled to begin in September 2025 with completion anticipated in the first quarter 2028. The task order is part of a broader “indefinite-delivery, indefinite-quantity” contract for automated fuel system installation, which enables the DLA to issue task orders for similar fuel system upgrades at various locations around the world as needed through September 2029.

“We are extremely proud to be supporting the U.S. Military through this contract, which highlights Englobal’s proven history of delivering critical services to the U.S. government,” said Richard Heo, President and CEO of Gulf Island. “We remain encouraged by the positive feedback from customers and potential strategic partners since we completed the Englobal acquisition in the second quarter 2025, and this award affirms our confidence that customers will resume awarding contracts to Englobal following the transaction. We continue to see meaningful opportunities to grow our customer base, diversify into new markets, and enhance the value of our current offerings through the Englobal acquisition.”

ABOUT GULF ISLAND

Gulf Island is a leading fabricator of complex steel structures, modules and automation systems, and a provider of specialty services, including engineering, project management, commissioning, repair, maintenance, scaffolding, coatings, welding enclosures, cleaning and environmental, and technical field services to the industrial, energy and government sectors. The Company’s customers include U.S. and, to a lesser extent, international energy producers; refining, petrochemical, LNG, industrial and power operators; EPC companies; and federal, state and local governments. The Company is headquartered in The Woodlands, Texas and its primary operating facilities are located in Houma, Louisiana and Houston, Texas. For more information please visit www.gulfisland.com.

CAUTIONARY STATEMENT

This release contains forward-looking statements. Forward-looking statements are all statements other than statements of historical facts. The Company cautions readers that forward-looking statements are not guarantees of future performance and actual results may differ materially from those anticipated, projected or assumed in the forward-looking statements. Important factors that can cause its actual results to differ materially from those anticipated in the forward-looking statements include, but are not limited to, the factors described under “Risk Factors” in Part I, Item 1A of the Company’s annual report on Form 10-K for the year ended December 31, 2024, as updated by subsequent filings with the SEC. Additional factors or risks that the Company currently deems immaterial, that are not presently known to the Company or that arise in the future could also cause the Company’s actual results to differ materially from its expected results. Given these uncertainties, investors are cautioned that many of the assumptions upon which the Company’s forward-looking statements are based are likely to change after the date the forward-looking statements are made, which it cannot control. Further, the Company may make changes to its business plans that could affect its results. The Company cautions investors that it undertakes no obligation to publicly update or revise any forward-looking statements, which speak only as of the date made, for any reason.