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The Cost of the Coast Guard’s Polar Security Cutter

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  • Congressional Budget Office

Abstract

CBO estimates that the first Polar Security Cutter (PSC) would cost $1.9 billion in 2024 dollars. Subsequent ships would average about $1.6 billion each. Given those estimates, a three-ship PSC program would cost $5.1 billion—about 60 percent more than the Coast Guard’s current estimate.CBO estimates that operating and supporting a force of three PSCs would cost $12.4 billion between 2029 and 2063, when those ships would be in service. If the Coast Guard acquires more than three ships, operating costs would be higher and would continue for a longer period.

Suggested Citation

  • Congressional Budget Office, 2024. "The Cost of the Coast Guard’s Polar Security Cutter," Reports 60170, Congressional Budget Office.
    • Handle: RePEc:cbo:report:60170
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    File URL: https://www.cbo.gov/system/files/2024-08/60170-Polar-Security-Cutter.pdf
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    More about this item

    JEL classification:

    • H56 - Public Economics - - National Government Expenditures and Related Policies - - - National Security and War
    • H60 - Public Economics - - National Budget, Deficit, and Debt - - - General
    • H68 - Public Economics - - National Budget, Deficit, and Debt - - - Forecasts of Budgets, Deficits, and Debt
    • N62 - Economic History - - Manufacturing and Construction - - - U.S.; Canada: 1913-
    • N72 - Economic History - - Economic History: Transport, International and Domestic Trade, Energy, and Other Services - - - U.S.; Canada: 1913-

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