Service Rushes To Obligate Funds For Shipbuilding Projects
The US Coast Guard plans to spend its entire $25 billion payment from last year’s reconciliation bill by the end of the year, according to a top official. The funds will cover various shipbuilding needs, including more icebreakers and a new version of the National Security Cutter. So far, the Coast Guard has spent about $7.7 billion of its reconciliation funds, with contracts announced for six medium icebreakers. The service aims to have all $25 billion obligated by January 1, 2027, as reported by Breaking Defense.