 Around 1997 , the United States Coast Guard ( USCG ) determined that its fleet of open ocean ( " deepwater " ) ships and aircraft needed to be replaced . The USCG elected to replace these assets with a system @-@ of @-@ systems acquisition which would be procured as a single , integrated package , estimated to cost a total of $ 24 billion , called the Integrated Deepwater System Program or " Deepwater . " On June 25 , 2002 , the USCG awarded a five @-@ year , indefinite delivery , indefinite quantity , performance @-@ based contract to Integrated Coast Guard Systems ( ICGS ) , a consortium of private companies led by Lockheed Martin and Northrop Grumman Ship Systems . Moosally served as vice @-@ chairman of ICGS . On May 19 , 2006 , the USCG extended the contract with ICGS for 43 additional months . 
