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Oceaneering Wins $33M Navy Contract for Submarine Equipment
ZACKS· 2025-06-11 12:51
Key Takeaways OII secured a $33M IDIQ contract to supply submarine systems for the U.S. Navy's Virginia-class fleet. Components include sail racetracks, payload tube platforms and canister support kits with shipping crates. All work will be executed in Chesapeake, VA, supporting Navy readiness and boosting regional defense jobs.Oceaneering International, Inc. (OII) has secured a major firm-fixed-price, indefinite-delivery/indefinite-quantity (“IDIQ”) contract from the United States Navy. Valued at $33,134 ...