Oceaneering (OII) Announces U.S. Navy Contract Award

Oceaneering International, Inc. (“Oceaneering”) (NYSE: OII) announced that its Aerospace and Defense Technologies (“ADTech”) segment has been awarded a follow-on, single award fixed price indefinite-delivery indefinite-quantity (“IDIQ”) contract to manufacture Virginia Class Submarine support equipment for Naval Surface Warfare Center Philadelphia Division (NSWCPD) following a competitive bidding process. Under this contract which commences in early June 2025, Oceaneering will manufacture work platforms to support maintenance for Virginia Class Submarines’ sail and vertical payload tubes. The contract value is approximately $33 million if all options are exercised over the five-year ordering period.

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