The Coast Guard is acquiring the 154-foot-long fast-response cutters to replace its aging 1980s-era 110-foot patrol boats.
Bollinger, which has 10 shipyards, already was under contract to build 32 of the cutters under the program's first phase.
The new contract is expected to bring the total to 58.
"Our relationship with the Coast Guard began over 30 years ago and we are proud to continue building on that legacy," Bollinger CEO and President Ben Bordelon said Wednesday in a statement. "This is a testament to the skilled Louisiana-based team of Bollinger employees."
A Bollinger spokesman did not return a call for comment late Wednesday.
Acquiring the 58 cutters is expected to cost the federal government nearly $3.8 billion — an average of about $65 million per cutter — according to an April report by the Congressional Research Service, a nonpartisan arm of Congress.
The fast-response cutters are capable of traveling at speeds of at least 28 knots and have a range of 2,950 nautical miles.
Bollinger was awarded the initial contract in 2008.