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Bollinger announces $951M federal contract with US Coast Guard

Bollinger Shipyards was awarded a modified $951.6 million contract by the Coast Guard on Tuesday to construct the first U.S. Heavy polar icebreaker in nearly 50 years, with primary construction at Bollinger Mississippi Shipbuilding in Pascagoula.
The Polar Security Cutter program, which aims to deliver four or five heavy icebreakers, is a top acquisition priority for the USCG and is needed to boost national defense in the Arctic, an area of increasing strategic importance.
Bollinger bought the Mississippi company, formerly Halter Marine, from its Singapore-based owners in 2022 after Halter Marine experienced significant delays with the initial $746 million contract awarded in 2019.
According to Ben Bordelon, president and CEO of Bollinger Shipyards, securing the contract modification was a herculean effort, reflecting the U.S. Government's trust in Bollinger to deliver the first heavy polar icebreaker in half a century.
Completion of the 460-foot USCGC Polar Sentinel is anticipated by May 2030, marking a long-past-due upgrade to the Coast Guard's fleet, though some government auditors suspect the vessel's cost could rise above the previously estimated $1.3 billion due to the complexity of the project.

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Bollinger gets modified $951.6 million contract to build Arctic icebreaker for Coast Guard

Bollinger Shipyards has received a modified $951.6 million contract from the Coast Guard to go ahead with building the first heavy polar icebreaker constructed in the U.S. in nearly 50 years.

4 days ago·Baton Rouge, United States

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New Orleans CityBusiness

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Bollinger announces $951M federal contract with US Coast Guard

The largest privately-owned shipbuilder in the Gulf of America region has scored a major federal contract. Bollinger Shipyards announces a $951.6 million Fixed-Price-Incentive-Firm Target contract modification from the U.S. Coast Guard to advance the detail design and construction phase of the Polar Security Cutter (PSC) Program. “Securing this contract modification has truly been a herculean effort and underscores the incredible trust the U.S. …

4 days ago

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Breaking Defense

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Coast Guard awards nearly $1B contract mod to Bollinger for heavy icebreaker design, construction

The contract award comes as President Donald Trump has been publicly calling for the United States to buy dozens of new icebreakers.

5 days ago

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themississippimonitor.com

Bollinger Shipyards secures $951 million U.S. Coast Guard contract modification - Mississippi Monitor

By: Frank Corder, Magnolia Tribune (Photo from Bolllinger) The Department of Homeland Security has decided to modify the U.S. Coast Guard’s Polar Security Cutter (PSC) icebreaker contract to include an additional $951 million investment at Bollinger Shipyards in Pascagoula. The Fixed-Price-Incentive-Firm Target (FPIF) contract modification advances the Detail Design and Construction phase of the PSC Program, the company said Wednesday. The P…

3 days ago·Mississippi, United States

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gCaptain

Bollinger Shipyards Awarded Nearly $1B to Cover Cost Overruns of Coast Guard Polar Security Cutter Program

Mississippi-based Bollinger Shipyards has received a $951.6 million Fixed-Price-Incentive-Firm Target (FPIF) contract modification from the U.S. Coast Guard to continue designing and constructing the first new heavy icebreakers, also known as the Polar Security Cutter (PSC).

4 days ago

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GovCon Wire

Bollinger Shipyards Books $952M Contract for Coast Guard's Polar Security Cutter - GovCon Wire

Bollinger Shipyards has secured a fixed-price-incentive-firm target contract modification valued at $951.6 million from the U.S. Coast Guard in support of the Polar Security Cutter, or PSC, program. The company said Tuesday that work on the contract modification will be performed at the Bollinger Mississippi Shipbuilding and additional facilities in Massachusetts, Illinois, Virginia, Georgia, Louisiana

4 days ago

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