Question-and-Answer Session
Operator
(Operator Instructions). Our first question comes from Neal Dingmann with Wunderlich Securities. Your line is open.
Neal Dingmann - Wunderlich Securities
Jay, I was wondering with the confidence now what your seeing on the ROVs and you gave some color on the rigs that are coming out, does the confidence now that you have around margins et cetera maybe for the second half of the year cause you to maybe increase activity in that area at all for you all as far as potentially bringing out or will you still stay the course?
Jay Collins
We feel very good about the rigs coming out the rest of the year. As I said, we’ve got 17 contracts on systems that we think will be coming out for rest of the year. We’re half way through our build program, where we projected 18 to 24 systems for the year. We produced 12 new systems in the first half of the year and put those to work, so we’re right on pace with that. So while a few systems may slip into 2010, so far this year is developing on the new rigs, fleet has been developing just about like we anticipated.
Neal Dingmann - Wunderlich Securities
And I have sort of unrelated follow-up, as far as under the Subsea Projects, obviously definitely it was a bit stronger than you expected and just wondering within a couple of areas there between the diving and the installation, as you kind of look for the remainder of this year, how has bid activity looked as you kind of look out?
Jay Collins
Right. Bid activity is a little weaker on the deepwater vessels at the moment. We still see a pretty good market in our diving area, but we have the leading position in terms of repair of platforms using underwater welding. And so we’re still working on some damaged platforms, and it’s a pretty small niche, but we’re very good at that, so we think the diving business still looks okay and there’s still repairs to be made. We’re just seeing little less bid activity on the deepwater vessels, and more competition with vessels in the marketplace.
Operator
(Operator Instructions). Our next question comes from the line of Brad Handler with Credit Suisse. Your line is open.
Brad Handler - Credit Suisse
Could you please speak to the retirements, the four ROV retirements in the quarter?
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