8-K

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934

         Date of Report (Date of Earliest Event Reported): July 28, 2006


                          GULF ISLAND FABRICATION, INC.
             (Exact name of registrant as specified in its charter)


        Louisiana                   0-22303               72-1147390
(State or other jurisdiction      (Commission            (IRS Employer
     of incorporation)            File Number)         Identification No.)


                                583 Thompson Road
                             Houma, Louisiana 70363
               (Address of principal executive offices)(Zip Code)



                                 (985) 872-2100
              (Registrant's telephone number, including area code)


                                 Not applicable
          (Former name or former address, if changed since last report)



Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

[ ] Written communications pursuant to Rule 425 under the Securities Act
    (17 CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
    (17 CFR 240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
    Exchange Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
    Exchange Act (17CFR 240.13e-4(c))




Item 8.01  Other Events.

         On July 28, 2006, Gulf Island Fabrication, Inc. issued a press release
announcing that its wholly-owned subsidiary G.M Fabricators, L.P. has received a
Letter of Intent from Daewoo Shipbuilding & Marine Engineering Co., Ltd.
("DSME") to fabricate and load-out the Tower Top Section ("TTS") and the Tower
Bottom Section ("TBS") for the Cabinda Gulf Oil Company Ltd. Tombua Landana DDP
Compliant Tower Project. A copy of the press release is attached.

Item 9.01  Financial Statements and Exhibits.

         (c) Exhibits

                The following exhibit is filed herewith:

                Exhibit No.           Description
                99.1                  Press Release dated July 28, 2006




                                   SIGNATURES

         Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.



                                  GULF ISLAND FABRICATION, INC.


                                  By:         /s/ Joseph P. Gallagher, III
                                        ----------------------------------------
                                                  Joseph P. Gallagher, III
                                                  Vice President - Finance,
                                                   Chief Financial Officer
                                                        and Treasurer
                                                 (Principal Financial Officer
                                                 and Duly Authorized Officer)

Dated:  July 28, 2006

EX-99.1

                                                                    EXHIBIT 99.1

Gulf Island Fabrication, Inc. Announces Additional Project Awards

    HOUMA, La.--(BUSINESS WIRE)--July 28, 2006--Gulf Island
Fabrication, Inc. (NASDAQ: GIFI), announces that its wholly owned
subsidiary G.M. Fabricators, L.P. d/b/a Gulf Marine Fabricators, has
received a letter of intent from Daewoo Shipbuilding & Marine
Engineering Co., Ltd. ("DSME"), to fabricate and load-out the Tower
Top Section ("TTS") and the Tower Bottom Section ("TBS") for the
Cabinda Gulf Oil Company Ltd. Tombua Landana DDP Compliant Tower
Project. Financial terms of this specific contract will not be
disclosed.
    The majority of the fabrication, assembly and load-out will be
performed at the Gulf Marine Fabricators facility located in South
Texas. Some components of the project will be fabricated at the Gulf
Island, L.L.C facility located in Houma, Louisiana. Gulf Island,
L.L.C. is also a wholly owned subsidiary of Gulf Island Fabrication,
Inc. Gulf Marine expects to begin fabrication during the first quarter
of 2007 and expects to deliver the project in the third quarter of
2008.
    This project, included with several other projects awarded since
the Company released backlog information on July 26, 2006, increases
the Company's backlog to $344.0 million and 3.3 million man-hours
remaining to work.

    Gulf Island Fabrication, Inc., based in Houma, Louisiana, is a
leading fabricator of offshore drilling and production platforms, hull
and/or deck sections of floating production platforms and other
specialized structures used in the development and production of
offshore oil and gas reserves. These structures include jackets and
deck sections of fixed production platforms; hull and/or deck sections
of floating production platforms (such as tension leg platforms
("TLPs")), "SPARs and FPSOs", piles, wellhead protectors, subsea
templates and various production, compressor and utility modules,
offshore living quarters, tanks and barges. The Company also provides
offshore interconnect pipe hook-up, inshore marine construction,
manufacture and repair of pressure vessels, heavy lifts such as ship
integration and TLP module integration, loading and offloading jack-up
drilling rigs, semi-submersible drilling rigs, TLP's, SPARs or other
similar cargo onshore and offshore scaffolding and piping insulation
services and steel warehousing and sales.

    CONTACT: Gulf Island Fabrication, Inc.
             Kerry J. Chauvin, 985-872-2100
             or
             Joseph "Duke" Gallagher, 985-872-2100