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How the New US Navy Contract Could Shape Oceaneering International's (OII) Defense Diversification Strategy
Oceaneering International recently announced that its Marine Services Division of the Aerospace and Defense Technologies segment has been awarded an indefinite-delivery/indefinite-quantity contract by the U.S. Navy for submarine component repairs, with a base value of up to US$86 million over two years and options for three additional years.
This contract reinforces Oceaneering’s long-standing role in supporting critical Navy operations and highlights the diversification of its business into...