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): April 23, 1997
HALTER MARINE GROUP, INC.
(Exact name of registrant as specified in its charter)
Delaware 001-12159 75-2656828
(State or other (Commission (I.R.S. Employer
jurisdiction of File Number) Identification No.)
incorporation)
13085 Industrial Seaway Road, Gulfport, Mississippi 39503
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (601)896-0029
(Not Applicable)
(Former name or former address, if changed since last report)
<PAGE>
INFORMATION TO BE INCLUDED IN THE REPORT
Item 5. Other Events.
On April 23, 1997, Halter Marine Group, Inc. ("Halter")
issued a press release announcing that TDI-Halter, Inc. (a unit
of Halter) and Preforadora Central S.A. de C.V. Mexico City have
signed a contract for the construction of a Le Tourneau Super 116
mobile offshore drilling unit. The total value of the contract
is expected to approach $80 million.
The press release is filed herewith as Exhibit 99.8 and is
incorporated herein by reference.
Item 7. Financial Statements and Exhibits.
List below the financial statements, pro forma financial
information and exhibits, if any, filed as a part of this report.
(a) Financial Statements of Business Acquired.
None.
(b) Pro Forma Financial Information.
None.
(c) Exhibits.
99.8 Press Release Dated April 23, 1997
Announcing That TDI-Halter, Inc. and Perforadora
Central Sign Contract for Construction of Super
116 Mobile Offshore Drilling Unit.
<PAGE>
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.
HALTER MARINE GROUP, INC.
(Registrant)
By: /s/ John Dane, III
John Dane, III
Chairman, President and
Chief Executive Officer
Date: April 30, 1997
<PAGE>
EXHIBIT INDEX
Exhibit
Number Description of Exhibits
99.8 Press Release Dated April 23, 1997
Announcing That TDI-Halter, Inc. and Perforadora
Central Sign Contract for Construction of Super
116 Mobile Offshore Drilling Unit.
<PAGE>
EXHIBIT 99.8
PRESS RELEASE
For release: April 23, 1997
Contact: A. J. Rizzo
Tel: 504-248-2237
TDI-HALTER, INC., AND PERFORADORA CENTRAL SIGN CONTRACT FOR
CONSTRUCTION OF SUPER 116 MOBILE OFFSHORE DRILLING UNIT
HOUSTON, Tex...TDI-Halter, Inc., (a unit of Halter Marine Group,
Inc. (AMEX: HLX)) and Perforadora Central S.A. de C.V. Mexico
City, have signed a contract for the construction of a Le
Tourneau Super 116 mobile offshore drilling unit (MODU). The rig
will be built under a license agreement with Le Tourneau, a
subsidiary of Rowan Drilling. Including the equipment package
and construction kit which are also being purchased from Le
Tourneau, the total value of the contract is expected to approach
$80 million.
The rig will be capable of drilling in water to depths of
350 feet while remaining on station year-round. Perforadora,
with 35 years experience, will operate the rig in the Gulf of
Campeche.
The announcement was made by John Dane III, chairman,
president and CEO of the Halter Marine Group, Inc., which
recently acquired a majority interest in TDI (formerly Texas
Drydock, Inc.) and an option to purchase TDI's remaining common
stock. TDI, which operates six shipyards in southeast Texas, is
a leading marine repair and manufacturing company of offshore
drilling and workover units. TDI's revenue for the year ended
September 30, 1996 approximated $73,000,000.00. Halter's
revenues approximated $293,000,000.00 for the three quarters
ended December 31, 1996.
Dane said, "When we purchased TDI, we were of the opinion
that the combination of TDI's know-how and experience, combined
with Halter's new construction facilities would represent a
powerful combination of resources. This contract validates that
view and establishes TDI-Halter as a leader in the construction
of new offshore mobile drilling units."
The Halter chairman noted that the rig will be the first to
integrate TDI's rig experience with Halter's large production
capacity for steel fabrication and production. Several Halter
facilities will supply components, with the rig's hull being
constructed at Halter's Pascagoula, Miss., shipyard. Final
assembly of the rig will be at the TDI-Halter facility in Port
Arthur, Tex.
Dane added, "A $20 million expansion is underway at Halter-
Pascagoula and when this additional capacity is combined with
that of other Halter and TDI facilities, our companies have
significant capacity for other new construction should there be
an immediate demand for additional rigs or supply boats. Our
ability to utilize the combined resources of 17 shipyards and
over 4500 people is another factor why we will be able to deliver
this rig in approximately 21 months while being able to take on
additional new rig construction."
"Our objective in signing this contract," said Patricio
Morphy, president of Perforadora Central, "is to meet a demanding
delivery schedule which we are confident TDI-Halter will fulfill
and to provide PEMEX with a practical and economic solution to
their ambitious exploration projects."
TDI-Halter is part of the Halter Marine Group, Inc.,
(AMEX:HLX) Gulfport, Miss. The group includes 17 shipyards in
Texas, Louisiana, Mississippi, and Florida. The company
specializes in the design, construction, conversion and repair of
mobile offshore drilling units and a wide variety of vessels for
commercial, government and pleasure boat markets. Shipyards of
the Halter Marine Group have built more than 2000 vessels in the
past 40 years.
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