 Gulf Island Fabrication, Inc. Gulf Island or the Company GIFI announced today that it received notification of an award for the construction of two additional towing, salvage and rescue ships T-ATS for the U.S. Navy Navy. This represents the Navys execution of its fourth and fifth options for Gulf Islands construction of five T-ATS vessels that will be built in the Companys facility in Houma, Louisiana. This is great news for our employees in Houma, Louisiana as it will provide additional stability during these uncertain times. 