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The U.S. Coast Guard has obligated more than $2.07 billion to date on its Fast Response Cutter Phase II contract with Bollinger Shipyards Lockport, after a $13.7 million economic price adjustment posted August 5, 2026.
The U.S. Coast Guard obligated an additional $2,542,993,077.68 on July 31, 2026, against its $3.5 billion contract with Davie Defense Inc. for five Arctic Security Cutters — bringing cumulative obligations on the sole-source, firm-fixed-price deal to roughly $3.5 billion just three months after the underlying letter contract was definitized.
Austal USA, LLC has reached $1.4 billion in cumulative obligations on its Department of Homeland Security contract for the Coast Guard's Offshore Patrol Cutter Stage 2 program, USASpending.gov records show. The fixed-price-incentive contract, signed in July 2022, has a base-and-options ceiling of $3.3 billion.
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