The pledges of support to the Philippines, Vietnam, Indonesia and Malaysia came shortly after US President Barack Obama arrived in Manila ahead of an Asia-Pacific leaders' summit.
The United States will commit USD 119 million this financial year, with another USD 140 million earmarked for the following 12 months, the White House said in a statement.
"We are increasing the maritime security capacity of our allies and partners to respond to threats in waters off their coasts and to provide maritime security more broadly across the region," the statement said.
The Philippines will receive a record USD 79 million in assistance to bolster maritime security, the statement said.
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The United States will "grant" the Philippines a US Coast Guard cutter, according to the statement.
The Philippines acquired two similar US Coast Guard cutters in 2011 and 2013, which became top warships in its poorly funded Navy.
The terms of deal of the United States providing the latest cutter were not detailed in today's statement.