Oceaneering (OII) announces DoD contract

Oceaneering International, Inc. (NYSE: OII) announced that its Aerospace and Defense Technologies (ADTech) segment has been down-selected from multiple teams and awarded a multi-year contract by the U.S. Department of Defense to design, build, test, and deliver a maritime mobility system.

Rod Larson, Oceaneering’s President and Chief Executive Officer, stated: “We are pleased to have secured this contract with the Department of Defense which, at the time of award, is the largest initial contract value in Oceaneering’s history. This award demonstrates the cross-industry application of our maritime technology, highlights our expertise in engineering and delivering technology solutions, and builds on the strong partnership and trust that our ADTech segment has established with our U.S. government customers. We are proud to be a trusted supplier to the Department of Defense and look forward to providing safe and reliable services for this program.”

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