Coast Guard Awards $65M To 3 Shipyards To Develop Cutter

Law360, New York (February 14, 2014, 2:57 PM EST) -- The U.S. Coast Guard has awarded about $65 million in contracts to three different shipyards to work on its Offshore Patrol Cutter program, which will see the development of a next-generation ship to replace the Coast Guard's current aging fleet.

The three shipyards, which were chosen from a field of eight competitors, are Maine's General DynamicsBath Iron Works, Louisiana's Bollinger Shipyards Inc. and Florida's Eastern Shipbuilding Group Inc. Bath Iron Works will receive a $21.4 million contract, Bollinger will receive a $21.9 million contract and Eastern...
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