Oceaneering Secures $154M Contract from U.S. Navy
Oceaneering International (NYSE: OII) has been awarded a follow-on five-year contract by the U.S. Navy worth up to $154 million. The Aerospace and Defense Technologies segment will provide Dry Deck Shelter maintenance, overhaul, engineering, and field change services under this agreement. This contract is expected to support long-term operations for the company's defense sector and contribute significantly to its revenue stream over the next five years. Oceaneering has a strong history of working with U.S. military clients in deep-sea and aerospace environments.
Tickers: $OII
Topics: aerospace defense maintenance_services