The U.S. Coast Guard is a state-owned entity headquartered in the US, founded in 1790, and operates with approximately 27,900 employees as a branch of the armed forces.

Revenue

Founded

1790

Headcount

32,231

Headquarters

United States

Primary Segment

Armed Forces

Ownership

State Owned

News Summary:

On September 17, 2026, the U.S. Coast Guard confirmed its 420-foot icebreaker, USCGC Healy, will not complete its planned 2026 high-latitude summer mission after suffering a significant engineering casualty during sea trials off Washington state on July 13, leaving the vessel in Seattle for evaluations. Also on September 17, the Coast Guard commissioned its 63rd Fast Response Cutter, the Coast Guard Cutter Jeffrey Palazzo (WPC 1163), during a ceremony in New York City, honoring a New York City firefighter and Coast Guard reservist. Earlier the same day, the Coast Guard awarded Whiting-Turner a $173.7 million contract for modernization work at Base Seattle. These events occur as the U.S. expands its icebreaking fleet to strengthen Arctic and domestic access, with current plans including 1-3 heavy Polar Security Cutters, 11 medium Arctic Security Cutters, and various Homeland Security Cutter icebreakers to support commercial shipping, seabed resources, subsea cables, and fisheries.
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