Coast Guard Obligates $2.5 Billion More on Davie Defense's $3.5 Billion Arctic Security Cutter Contract
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.
FMG Newsroom