Not according to what I read HERE, Frank. Here's an excerpt:

The House bill would require the Coast Guard to openly compete all future procurements of Deepwater assets, rather than rely solely on its current Deepwater contractor. The Senate bill would require some, but not all, future Deepwater assets to be opened to competition.

Conferees will have to resolve which contracts should be opened to competition, bearing in mind lawmakers will not want to further delay the program.

Members of Congress and government inspectors have recently chastised the Coast Guard's management of Deepwater for delays, design flaws and cost overruns.

AND:

Integrated Coast Guard Systems (ICGS), a joint venture between Northrop Grumman and Lockheed Martin Corp., was awarded the original, or base term, Deepwater contract in 2002, and it expires June 2007. The Coast Guard is negotiating the next 43-month phase of the contract, or first award term, with ICGS.

The Senate supplemental bill would require "full and open competition" for some assets, rather than procurement through ICGS.

And, a little bit more:

The Coast Guard's recently announced measures to increase Deepwater oversight include moving the program into the Coast Guard's Acquisitions Directorate and giving the Coast Guard's chief engineer greater authority and responsibility.

"We've already started to implement and will continue to use third-party technical reviews or assessments of the [design] plans," McPherson said.

"We continue to negotiate in good faith with ICGS," and the new Deepwater contract is "being negotiated to incorporate lessons learned," McPherson added.

The Coast Guard can already go outside the ICGS contract to get Deepwater assets, as illustrated by the FRC-B re-competition.