US Coast Guard awards billion-dollar icebreaker contract

Bollinger Shipyards has received a $951.6 million fixed-price-incentive-firm target (FPIF) contract modification from the United States Coast Guard, advancing the detail design and construction phase of the polar security cutter (PSC) program.

The PSC program was designed to provide the United States with enhanced operational capability in polar regions, safeguarding national security, economic stability, and supporting maritime and commercial interests.

“I am...grateful for the leadership of President Trump and his administration in recognizing the urgent need for American-made icebreakers," commented Ben Bordelon, President and CEO of Bollinger Shipyards.

"Because of his foresight and commitment to rebuilding America’s shipbuilding capabilities, this historic project is now moving forward.”

Since acquiring foreign-owned VT Halter in November 2022, Bollinger has invested $76 million across its Mississippi facilities, where the PSC construction will take place, including Bollinger Mississippi Shipbuilding (BMS), Bollinger Mississippi Repair (BMR), Bollinger Gulfport Shipyard (BGS), and CHAND Gulf Coast.

The contract modification primarily supports operations at Bollinger Mississippi Shipbuilding, with additional project contributions from facilities located in Massachusetts, Illinois, Virginia, Georgia, Louisiana, and other regions.

Completion of the first PSC is anticipated by May 2030, six years later than planned.