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Homeland Security

Coast Guard Acquisition Chief Suggests $2 Billion Needed For Recapitalization

DDN

Wednesday, October 8th, 2008

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By Calvin Biesecker The Coast Guard needs an annual appropriation of about $2 billion for acquisition projects to properly recapitalize its assets, the service's acquisition chief said last week. "We probably need close to $2 billion to recapitalize the Coast Guard at the speed we're seeing our assets deteriorate," Rear Adm. Gary Blore, assistant commandant for Acquisition, told Defense Daily in an interview last Friday. The Coast Guard's acquisition budget for FY '09 is $1.5 billion, which is for 22…

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