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Business/Financial

Coast Guard Awards Bollinger $1.4 Billion To Complete FRC Fleet Buy

By Cal Biesecker

Thursday, May 5th, 2016

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Coast Guard Awards Bollinger $1.4 Billion To Complete FRC Fleet Buy

Crew of the Coast Guard's Winslow Griessler, the 16th Fast Response Cutter, during March 11 commissioning ceremony in San Juan, Puerto Rico. Photo: Coast Guard

The Coast Guard on Wednesday said it has awarded Bollinger Shipyards a potential $1.42 billion contract to acquire up to 26 Fast Response Cutters (FRC), which would complete plans to buy 58 of the vessels that are the service’s primary near-shore surface assets.Bollinger is already under contract to build and deliver the first 32 FRCs under a Phase 1 contract for which the Coast Guard has obligated $1.48 billion. The service recompeted the FRC contract under Phase 2 but Bollinger…

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