{"id":825127,"date":"2025-03-12T18:03:06","date_gmt":"2025-03-12T22:03:06","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/oceaneering-announces-department-of-defense-contract-award\/"},"modified":"2025-03-12T18:03:06","modified_gmt":"2025-03-12T22:03:06","slug":"oceaneering-announces-department-of-defense-contract-award","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/oceaneering-announces-department-of-defense-contract-award\/","title":{"rendered":"Oceaneering Announces Department of Defense Contract Award"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Oceaneering Announces Department of Defense Contract Award<\/b><\/p>\n<p>HOUSTON&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nOceaneering International, Inc. (\u201cOceaneering\u201d) (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.\n<\/p>\n<p>\nRod Larson, Oceaneering\u2019s President and Chief Executive Officer, stated: \u201cWe 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\u2019s 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.\u201d\n<\/p>\n<p><i>This release contains &#8220;forward-looking statements,&#8221; as defined in the Private Securities Litigation Reform Act of 1995, including, without limitation, statements as to the expected scope of work, duration, and contract value. These forward-looking statements are based on current information and expectations, and are subject to certain risks, assumptions, and uncertainties that could cause actual results to differ materially from those indicated by the forward-looking statements. For a more complete discussion of these and other risk factors, please see Oceaneering\u2019s latest annual report on Form 10-K and its other periodic filings with the Securities and Exchange Commission. You should not place undue reliance on forward-looking statements. Except to the extent required by applicable law, Oceaneering undertakes no obligation to update or revise any forward-looking statement.<\/i><\/p>\n<p>\nOceaneering is a global technology company delivering engineered services and products and robotic solutions to the offshore energy, defense, aerospace, and manufacturing industries.\n<\/p>\n<p>\nFor more information on Oceaneering, please visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.oceaneering.com&amp;esheet=54223355&amp;newsitemid=20250312765863&amp;lan=en-US&amp;anchor=www.oceaneering.com&amp;index=1&amp;md5=68d1103cd4606b1a5c9929df122baee2\">www.oceaneering.com<\/a>.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250312765863r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20250312765863\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20250312765863\/en\/<\/a><\/span><\/p>\n<p>\nHilary Frisbie<br \/>\n<br \/>Senior Director, Investor Relations<br \/>\n<br \/>Oceaneering International, Inc.<br \/>\n<br \/>713-329-4755<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:investorrelations@oceaneering.com\">investorrelations@oceaneering.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> United States North America Texas<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Aerospace Technology Manufacturing Maritime Other Energy Transport Other Technology Other Manufacturing Defense Contracts Energy<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20250312765863\/en\/2408296\/3\/Oceaneering-blue_Logo.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Oceaneering Announces Department of Defense Contract Award HOUSTON&#8211;(BUSINESS WIRE)&#8211; Oceaneering International, Inc. (\u201cOceaneering\u201d) (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\u2019s President and Chief Executive Officer, stated: \u201cWe 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\u2019s 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 &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/oceaneering-announces-department-of-defense-contract-award\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Oceaneering Announces Department of Defense Contract Award&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-825127","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Oceaneering Announces Department of Defense Contract Award - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/oceaneering-announces-department-of-defense-contract-award\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Oceaneering Announces Department of Defense Contract Award - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Oceaneering Announces Department of Defense Contract Award HOUSTON&#8211;(BUSINESS WIRE)&#8211; Oceaneering International, Inc. (\u201cOceaneering\u201d) (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\u2019s President and Chief Executive Officer, stated: \u201cWe 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\u2019s 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 &hellip; Continue reading &quot;Oceaneering Announces Department of Defense Contract Award&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/oceaneering-announces-department-of-defense-contract-award\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-03-12T22:03:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250312765863r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/oceaneering-announces-department-of-defense-contract-award\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/oceaneering-announces-department-of-defense-contract-award\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Oceaneering Announces Department of Defense Contract Award\",\"datePublished\":\"2025-03-12T22:03:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/oceaneering-announces-department-of-defense-contract-award\\\/\"},\"wordCount\":372,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/oceaneering-announces-department-of-defense-contract-award\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20250312765863r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/oceaneering-announces-department-of-defense-contract-award\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/oceaneering-announces-department-of-defense-contract-award\\\/\",\"name\":\"Oceaneering Announces Department of Defense Contract Award - 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