“The successful and timely implementation of Deepwater is necessary to ensure the Coast Guard is able to respond to terrorist threats and maintain a high level of readiness to fulfill its other vital missions,” said Rep. Frank A. LoBiondo, R-N.J., subcommittee chairman during a Coast Guard fiscal year 2004 budget hearing on March 13.
“Unfortunately, the $500 million requested by the president for Deepwater is well below what is needed to keep this critical procurement on track,” LoBiondo said.
The Coast Guard needs to replace an aging fleet of cutters (some dating back to World War II), planes and support systems.
“Deepwater is all about the effective use of technology,” said Coast Guard Admiral Thomas H. Collins to the subcommittee. “It will drive us into the next stratosphere in terms of capability.”
An $11.04 billion contract was awarded to Lockheed Martin and Northrop Grumman last June. Deepwater, which may extend up to 30 years, will involve the acquisition of up to 91 ships, 35 planes, 34 helicopters, 76 unmanned surveillance planes, and an upgrade for 49 existing cutters and 93 helicopters.
A congressional study recently concluded that a “modest increase” in the annual level of funding for Deepwater will achieve a $4-billion savings for the nation’s taxpayers and could deliver the Coast Guard’s full capability in about10 years.
“I fully endorse a minimum level of $875 million in capital acquisitions funding to accommodate a minimum level of $578 million for the Integrated Deepwater System in order to sustain on-time delivery of these important assets,” LoBiondo said.
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
F3 Awards Dinner
The night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
F3: Future of Freight Festival
Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now