Oceaneering wins $154M U.S. Navy Dry Deck Shelter contract

Oceaneering International, Inc. (NYSE: OII) has been awarded a follow-on U.S. Navy contract through its Aerospace and Defense Technologies segment to provide Dry Deck Shelter maintenance, overhaul, engineering, and field change services.

The contract has a potential value of $154 million and spans five years, comprising one base year and four option years. The work supports the deployment of special operations forces and undersea vehicles.

David Pest, Vice President and General Manager of Oceaneering's ADTech Marine Services Division, noted that the division has supported the Navy's Dry Deck Shelter program since 2002. "These mission-sensitive operations run on tight schedules and demand a specialized, highly proficient workforce trusted by the operators," Pest said.

Bill Merz, Senior Vice President of Oceaneering's ADTech segment, said the award "reflects the Navy's confidence in Oceaneering and the strength of MSD in growing our nation's undersea advantage."

Oceaneering is headquartered in Houston and provides engineered services and robotic solutions to the offshore energy, defense, aerospace, and manufacturing industries.

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