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CBO Estimates Three Polar Security Cutters Exceed Coast Guard Projections By 60 Percent

CBO Estimates Three Polar Security Cutters Exceed Coast Guard Projections By 60 Percent
Computer rendering of Coast Guard's proposed polar security cutter. (Image: Coast Guard)

The estimated cost to procure three new heavy polar icebreakers is $5.1 billion, 60 percent higher than the Coast Guard’s current estimate, the Congressional Budget Office (CBO) says. The first Polar Security Cutter (PSC) is expected to cost $1.9 billion, 37 percent more than the Coast Guard’s most recent projection, and the next two vessels about $1.6 billion on average, 75 percent more than the service estimates, CBO say in a new analysis published on Wednesday. CBO’s analysis of a…

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