Cutter Marina, LLC

Cutter Marina, LLC, a self-certified small disadvantaged business based in Essex, Maryland, supplies Honda marine engines and replacement parts to the U.S. Coast Guard as a prime contractor under total small business set-asides on two core Indefinite Delivery Contracts worth a combined $38.7 million. The company is a for-profit Subchapter S corporation competing exclusively under set-aside vehicles; 100% of recent awards flow to the Coast Guard and the Department of the Navy as prime work.

Cutter Marina holds two Coast Guard IDCs anchoring its federal footprint: a $34.7 million multiple-award IDC through November 2028 for new Honda marine engines and outboard components supporting the Small Boat Product Line, and a $4.0 million multiple-award IDC through October 2028 for Honda marine parts. Both contracts carry total small business set-aside designations. Representative delivery orders under these vehicles include a $763,568 firm fixed-price delivery order awarded March 25, 2026 for Honda engine parts, a $309,842 delivery order from August 2025, and a $218,710 delivery order from July 2024. A single $44,582 Navy contract in January 2024 from Naval Sea Systems Command procured two 150 HP Honda boat motors for hull number 24UB1001 at the Naval Surface Warfare Center Crane Division. Work is performed at Essex, Maryland and Curtis Bay, Baltimore, Maryland. Cutter Marina acts as an authorized Honda distributor qualified to manufacture or source engines meeting government specifications.

Customer concentration is stark and monolithic: 15 of 16 awards (99.9% of combined potential value) fund Coast Guard procurement; the Navy represents a single $45 thousand outlier. Awards per year have decelerated from seven in 2024 to three in 2025 and one in the first quarter of 2026. Combined potential value across all awards is $40.5 million, but only $1.8 million (4% of ceiling) has been obligated, a reflection of the IDC structure — large ceiling vehicles with smaller task orders drawn down over time. Ten task orders under IDC 70Z04024D51803B00 (the engines contract) carry $1.6 million combined potential value; two task orders under IDC 70Z04024D51013B00 (the parts contract) carry $97 thousand. The vendor maintains no subcontract footprint and competes as a 100% prime operation. Primary NAICS classification is 333618 (Other Engine Equipment Manufacturing), with PSC coding concentrated on gasoline reciprocating engines and small craft.