JACKSON, Miss., Sept. 2 -- The Mississippi Development Authority issued the following news release:

Shipbuilding company Gulf Ship is expanding operations in Gulfport, a project that represents a corporate investment of more than $43.81 million and will create 121 jobs.

Gulf Ship, an Edison Chouest Offshore company, has operated in Gulfport for more than two decades and is undertaking a major modernization of its existing shipbuilding and steel fabrication facilities. The project will expand Gulf Ship's production capacity, introduce advanced manufacturing technologies and further position the Gulfport operation to support growing demand for U.S.-built commercial and government vessels.

The project includes significant upgrades to existi...