I'll add a few more. I consider 'em "current", even though two of the authors are no longer with us:
The Last Detail by Darryl Ponicsan. Yep, this is the novel that inspired the 1973 Academy Award-nominated movie. It's about two U.S. Navy career men who are ordered to escort a young sailor to military prison. Definitely one of the great overlooked works of 1970s fiction -- thought-provoking and funny, with some extremely cool social commentary.
The Friends of Eddie Coyle by George V. Higgins, the story of a hapless ex-convict making his way through the Boston underworld. Somebody famous (Elmore Leonard?) once said that this is the greatest work of crime fiction ever written. Worth a look, that's for sure.
The Pistol, a novella by James Jones. Jones hit the big-time with three long and rambling books: From Here to Eternity, Some Came Running, and The Thin Red Line. The Pistol is the opposite, a concise and fast-paced tale about U.S. soldiers struggling for possession of a stray pistol in the wake of the 1941 Pearl Harbor attack. Highly recommended to anyone who likes books that totally kick some serious ass, and to readers who dig fiction that takes place in Hawaii.