In April 2019, VT Halter Marine was awarded a US$745,940,860 (about S$1b) contract to design and construct a state-of-the-art Polar Security Cutter (PSC) for the U.S. Coast Guard (USCG). The contract underscores a major system acquisition by the USCG, which is looking to acquire up to three multi-mission PSCs to recapitalise its fleet of heavy icebreakers. The first ship delivery is scheduled for 2024, while the second and third vessels are scheduled for 2025 and 2027 respectively, if the options are exercised. The cumulative contract value, including its options, amounts to US$1,942,812,266 (S$2.6b).
The PSCs will enable the U.S to maintain defence readiness in the Arctic and Antarctic regions; enforce treaties and other laws needed to safeguard both industry and the environment; secure ports, waterways and coasts; and provide logistical support – including vessel escort – to facilitate the movement of goods and personnel necessary for scientific research, commerce, national security activities and maritime safety.
CEO, VT Halter Marine