Conrad Industries adds to shipbuilding backlog"

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October 13, 2010

Conrad Industries adds to shipbuilding backlog

Conrad Industries, Inc. has announced the signing of new contracts that bring its current backlog to approximately $86.0 million compared $41.0 million at June 30, 2010, $38.3 million at December 31, 2009 and $56.1 million 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, as we reported earlier, the North Carolina Department of Transportation awarded a contract to the shipbuilder for the construction of a 220-foot 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 Conrad's shipyard in Orange, Texas.


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