USCG: Deepwater costs rise to $27.4 billion

Defense News: The price tag for the U.S Coast Guard's major acquisitions program, called Deepwater, rose to $27.4 billion, the service's acquisition's chief told a congressional subcommittee March 11.

Rear Adm. Ronald Rábago said that he did not expect the costs to increase any further. Last summer, the Coast Guard acquisitions directorate reported that the program would cost $26.3 billion over 25 years. Read Article

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