Oceaneering International Inc. has secured a new contract from the U.S. Navy through its Aerospace and Defense Technologies segment. The company will manufacture Virginia Class Submarine support equipment for the Naval Surface Warfare Center Philadelphia Division. The contract, obtained after a competitive bidding process, is a follow-on, single award fixed price indefinite-delivery indefinite-quantity (IDIQ) agreement. Starting in early June 2025, Oceaneering will produce work platforms to aid maintenance of the submarines' sail and vertical payload tubes. If all options are exercised, the contract is valued at approximately $33 million over a five-year ordering period.
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