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The first of at least three new heavy polar icebreakers that the Coast Guard plans to soon put under contract will cost about $925 million with the follow-on Polar Security Cutters (PSC) likely costing significantly less, Coast Guard Commandant Adm. Karl Schultz said on Thursday. The initial PSC will cost around $925 million, “plus or minus million dollar range,” Schultz told the Senate Appropriations Homeland Security subcommittee in response to a question from panel chair Sen. Shelley Moore Capito (R-W.Va.).…
