The Coast Guard (CG) is in the final stages of planning the largest procurement project in its history -- the modernization &/or replacement of over 90 cutters & 200 aircraft used for missions beyond 50 miles from shore. This project, called the Deepwater Capability Replacement Project, is expected to cost over $10 billion & take 20+ years to complete. In 2001, the CG will be evaluating proposals now being developed by 3 contracting teams competing for a contract to build the deepwater system. The CG plans to award a contract to one of these teams early in 2002. This report monitors the project closely & provides info. for the Congress, as it considers funding for this project.Hecker, JayEtta Z. is the author of 'Coast Guard Progress Being Made on Deepwater Project, but Risks Remain' with ISBN 9780756716479 and ISBN 0756716470.