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Coast Guard exercises option on new cutter

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PASCAGOULA, Miss. (AP) — The U.S. Coast Guard is exercising a $76.8 million contract option for another cutter to be built by Huntington Ingalls in Pascagoula. The $76.8 million will allow Huntington Ingalls to purchase material and components to support construction of the new cutter at its shipyard in Pascagoula, according to a news release Friday from U.S. Sens. Thad Cochran and Roger...