Coast Guard Deepwater Program: Background, Oversight Issues, and Options for Congress [Updated June 20, 2007] [open pdf - 1MB]
"The Integrated Deepwater Systems (IDS) program, or Deepwater program for short, is a $24-billion, 25-year project to replace and modernize the Coast Guard's aging fleet of deepwater-capable ships and aircraft. It is the largest and most complex acquisition effort in Coast Guard history, encompassing 91 new cutters, 124 new small surface craft, and 244 new or converted airplanes, helicopters, and unmanned aerial vehicles (UAVs). The Deepwater program has received a total of about $4.4 billion through FY2007, including about $1.14 billion in FY2007. For FY2008, the Coast Guard is requesting $836.9 million in new appropriations and the rescission of $48.8 million in prior-year appropriations for the program, for a net total request of $788.1 million. The management and execution of the Deepwater program has been strongly criticized in recent months by the Department of Homeland Security Inspector General (DHS IG), the Government Accountability Office (GAO), the Defense Acquisition University (DAU), several Members of Congress from committees and subcommittees that oversee the Coast Guard, and other observers. House and Senate committees and subcommittees have conducted several oversight hearings this year devoted partly or entirely to problems and concerns regarding the management and execution of the program."
CRS Report for Congress, RL33753