Feb 13, 2014 4:49 AM by AP
LOCKPORT, La. (AP) - Bollinger Shipyards is one of three finalists bidding for a $10.5 billion contract to build the Coast Guard's next generation of offshore patrol cutters.
The Daily Comet reports Bollinger will receive $22 million to further develop concepts for the cutter design.
Other contenders are Eastern Shipbuilding Group of Panama City, Fla., and Bath Iron Works of Bath, Maine.
The winning bidder is expected to employ 2,500 people to build the new cutters.
In the meantime, 200 skilled and engineering jobs are expected to be created at each shipyard as they prepare the next phase of designs and plans for submission to the Coast Guard.
The finalists were selected from an initial pool of eight shipbuilders.