Metal Shark Boats was awarded a $192 million contract to replace the Coast Guard's fleet of response boat-small vessels.
As many as 470 boats will be delivered across the Coast Guard fleet. An additional 20 boats will be available to U.S. Customs and Border Protection, and another 10 are slated for purchase by the Navy, the company said.
The $192 million contract is one of the largest boat buys of its kind for the Coast Guard, and Metal Shark said it will provide a significant economic boost to the state of Louisiana.
Metal Shark said it plans to expand its 65,000-square-foot manufacturing facility in Jeanerette, La., while increasing its production team of skilled aluminum welders, rigging and electronics experts and installation professionals from 80 to 120 during the next six months.