Oceaneering Awarded U.S. Navy Corporate Component Repair Program Contract - Candlesense
OII Contracts

Oceaneering Awarded U.S. Navy Corporate Component Repair Program Contract

HOUSTON--(BUSINESS WIRE)--Oceaneering International, Inc. (“Oceaneering”) (NYSE:OII) announced that the Marine Services Division of its Aerospace and Defense Technologies (“ADTech”) segment has been awarded an indefinite-delivery/indefinite-quantity (IDIQ) contract by the Naval Supply Systems Command Weapon Systems Support (NAVSUP WSS), Mechanicsburg, Pennsylvania, for the repair of valves and actuators in support of the U.S. Navy’s Corporate Component Repair Program (“CCRP”) for Virginia-class

Related Questions

What is the expected revenue and earnings impact of the newly awarded IDIQ contract on Oceaneering’s upcoming financial forecasts? How will the addition of the CCRP contract influence the market’s perception of Oceaneering’s growth prospects in the defense sector? What are the potential risks or execution challenges associated with the indefinite-quantity nature of the contract that could affect future performance?
Find similar articles on Candlesense businesswire