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

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Oceaneering Announces U.S. Navy Contract Award

June 23, 2025 5:01 PM EDT

HOUSTON--(BUSINESS WIRE)-- 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... More