Marine Link
Monday, September 26, 2016

Coast Guard Extends Deepwater Contract

June 26, 2007

According to reports, the Coast Guard extended the contract for the troubled multibillion-dollar modernization program with Lockheed Martin Corp. and Northrop Grumman Corp. Despite internal and congressional scrutiny of the 25-year, $24b program dubbed Deepwater, the 43-month extension with the defense contracting joint venture, Integrated Coast Guard Systems, was expected. But the deal does not guarantee the award of any future task orders to ICGS and the value of the contract will be determined by further negotiations as the companies submit specific work proposals, according to the Coast Guard. Source: AP


Maritime Reporter Magazine Cover Sep 2016 - Maritime & Ship Security

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Subscribe
Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News