Tuesday, March 25, 2025 – Bollinger Shipyards announced today it has received a $951.6 million Fixed-Price-Incentive-Firm Target (FPIF) contract modification from the United States Coast Guard, advancing the Detail Design and Construction phase of the Polar Security Cutter (PSC) Program. This milestone underscores Bollinger’s integral role in strengthening America’s maritime presence and operational capabilities in the Arctic.
“Securing this contract modification has truly been a herculean effort and underscores the incredible trust the U.S. Government has placed in Bollinger to build and deliver the first heavy polar icebreaker in half a century,” said Ben Bordelon, President and CEO of Bollinger Shipyards. “We wouldn’t be in the solid position we’re in today without the leadership and the tireless efforts of the entire team at Bollinger Mississippi Shipbuilding. Their hard work and dedication have successfully put the PSC program on a strong path forward after a rocky start under the previous, foreign-owned builder. We now look forward to receiving the green light to begin full production.”
Bordelon also expressed gratitude for the role of national and state leadership in moving this program forward.
“I am also grateful for the leadership of President Trump and his Administration in recognizing the urgent need for American-made icebreakers. Because of his foresight and commitment to rebuilding America’s shipbuilding capabilities, this historic project is now moving forward.”
Bordelon also acknowledged Mississippi’s leadership for championing the PSC Program and state as a dominant force in shipbuilding.
“I also want to thank Governor Reeves and Mississippi’s Congressional Delegation for their leadership and support, especially as we leverage ongoing state and local investments to ensure Bollinger Mississippi remains the premier example of American shipbuilding.”
“As the Arctic grows as an arena of great power competition, the United States will require far more icebreaking capability from the U.S. Coast Guard to defend our interests in the region. Today’s award is a testament to the good work that Bollinger continues to do on the Polar Security Cutter program and the growing urgency with which their platforms are needed to boost our national defense,” said U.S. Sen. Roger Wicker (R-MS), Chairman of the Senate Armed Services Committee. “The Mississippi Gulf Coast will not only benefit from even more national security-focused quality jobs and economic development, but it will also continue to be a national player and powerhouse in mission-critical innovation and military capability.”
“Mississippi continues to prove its status as the premier destination for American shipbuilding—driving both national defense and commercial maritime strength,” said U.S. Senator Cindy Hyde-Smith (R-MS). “This milestone not only reinforces the Gulf Coast’s strategic importance, but it also reflects the value of returning critical shipbuilding programs to experienced, American-owned hands. Under Bollinger Shipyards’ strong leadership and investment, a once-stalled program will move forward with renewed urgency. I fully support this effort, which brings more high-quality jobs to Mississippi and ensures the Coast Guard is able to meet the growing challenges in the Arctic and beyond.”
Bollinger’s continued investment and growth on the Mississippi Gulf Coast reflect the skills, strength and talent of Mississippi’s workforce,” said Mississippi Governor Tate Reeves. “This announcement reinforces Mississippi’s pivotal role in American shipbuilding and solidifies Mississippi’s reputation as a national leader in maritime innovation and excellence.”
“Bollinger Mississippi Shipyards has a strong track record in American shipbuilding, and their role in the Polar Security Cutter program is another important step. This historic milestone strengthens national security, supports the domestic shipbuilding workforce, and enhances our Arctic presence. Ensuring the U.S. Coast Guard has the tools it needs is critical, and I look forward to seeing this project move forward,” said U.S. Rep. Mike Ezell (R-MS-04).
As Bollinger continues to enhance its operations in Mississippi into world-class shipyards, the company remains committed to making strategic investments to modernize and expand its capabilities. Additionally, the contract modification ensures Bollinger continues to provide its workforce with industry-leading wages throughout the life of the PSC program. Since acquiring foreign-owned VT Halter in November 2022, Bollinger has made a significant economic impact in the state through targeted investments and workforce expansion. To date, Bollinger has invested $76 million across its Mississippi facilities, including Bollinger Mississippi Shipbuilding (BMS), Bollinger Mississippi Repair (BMR), Bollinger Gulfport Shipyard (BGS), and CHAND Gulf Coast.
Since the acquisition in 2022, Bollinger has increased its Mississippi workforce by over 61%, with production roles at BMS alone increasing by more than 178%. These numbers are expected to rise as the program reaches full production over the coming years. A key driver of this growth has been Bollinger’s innovative Bootcamp workforce development programs, which continue to strengthen the skilled labor pipeline.
“Our investment in developing the next generation of skilled American workers not only strengthens our competitive edge in the shipbuilding industry but also underscores our commitment to fostering economic growth and American innovation,” added Bordelon. “We are committed to providing high-quality careers that positively impact the families and communities we support along Mississippi’s Gulf coast.”
This contract modification primarily supports operations at Bollinger Mississippi Shipbuilding, with additional project contributions from facilities located in Massachusetts, Illinois, Virginia, Georgia, Louisiana, and other regions. Completion of the first Polar Security Cutter is anticipated by May 2030.
The Polar Security Cutter will provide the United States with enhanced operational capability in polar regions, playing a critical role in safeguarding national security, economic stability, and supporting vital maritime and commercial interests.
ABOUT BOLLINGER SHIPYARDS LLC
With an 80-year legacy of excellence, Bollinger Shipyards is a leading designer and builder of high-performance military patrol boats, salvage vessels, research vessels, and a wide array of specialized maritime assets. With 13 strategically located shipyards across Louisiana and Mississippi, Bollinger is the largest privately-owned shipbuilder in the Gulf of America region, dedicated to innovation and the highest standards of quality in shipbuilding.