Oceaneering Announces Department of Defense Contract Award
Oceaneering International (NYSE:OII) has secured a landmark contract with the U.S. Department of Defense through its Aerospace and Defense Technologies (ADTech) segment. The multi-year contract, noted as the largest initial contract value in the company's history, involves designing, building, testing, and delivering a maritime mobility system.
CEO Rod Larson emphasized that this achievement demonstrates the company's cross-industry application of maritime technology and engineering expertise, while reinforcing ADTech's strong partnership with U.S. government customers. The contract selection process involved multiple competing teams, with Oceaneering ultimately being down-selected for the award.
Oceaneering International (NYSE:OII) ha ottenuto un contratto storico con il Dipartimento della Difesa degli Stati Uniti attraverso il suo segmento Tecnologie Aerospaziali e della Difesa (ADTech). Il contratto pluriennale, considerato il più grande valore iniziale di contratto nella storia dell'azienda, prevede la progettazione, costruzione, collaudo e consegna di un sistema di mobilità marittima.
Il CEO Rod Larson ha sottolineato che questo traguardo dimostra l'applicazione della tecnologia marittima e dell'expertise ingegneristica dell'azienda in diversi settori, rafforzando al contempo la forte partnership di ADTech con i clienti governativi statunitensi. Il processo di selezione del contratto ha coinvolto più team concorrenti, con Oceaneering che è stata infine selezionata per l'assegnazione.
Oceaneering International (NYSE:OII) ha logrado un contrato histórico con el Departamento de Defensa de EE. UU. a través de su segmento de Tecnologías Aeroespaciales y de Defensa (ADTech). El contrato a varios años, considerado el de mayor valor inicial en la historia de la empresa, implica el diseño, construcción, prueba y entrega de un sistema de movilidad marítima.
El CEO Rod Larson enfatizó que este logro demuestra la aplicación de la tecnología marítima y la experiencia en ingeniería de la empresa en diversas industrias, al tiempo que refuerza la sólida asociación de ADTech con los clientes del gobierno de EE. UU. El proceso de selección del contrato involucró múltiples equipos competidores, siendo Oceaneering finalmente seleccionada para el premio.
오션니어링 인터내셔널 (NYSE:OII)는 항공우주 및 방위 기술(ADTech) 부문을 통해 미국 국방부와 역사적인 계약을 체결했습니다. 이 다년 계약은 회사 역사상 가장 큰 초기 계약 가치로 간주되며, 해양 이동 시스템의 설계, 구축, 테스트 및 납품을 포함합니다.
CEO 롯 라슨은 이 성과가 해양 기술 및 엔지니어링 전문성을 다양한 산업에 적용하고 있음을 보여주며, ADTech와 미국 정부 고객 간의 강력한 파트너십을 강화한다고 강조했습니다. 계약 선정 과정에는 여러 경쟁 팀이 참여했으며, 오션니어링이 최종적으로 수상자로 선정되었습니다.
Oceaneering International (NYSE:OII) a obtenu un contrat historique avec le Département de la Défense des États-Unis par le biais de son segment Technologies Aérospatiales et de Défense (ADTech). Ce contrat pluriannuel, considéré comme la plus grande valeur initiale de contrat dans l'histoire de l'entreprise, implique la conception, la construction, le test et la livraison d'un système de mobilité maritime.
Le PDG Rod Larson a souligné que cette réalisation démontre l'application intersectorielle de la technologie maritime et de l'expertise en ingénierie de l'entreprise, tout en renforçant le solide partenariat d'ADTech avec les clients gouvernementaux américains. Le processus de sélection du contrat a impliqué plusieurs équipes concurrentes, Oceaneering ayant finalement été sélectionnée pour l'attribution.
Oceaneering International (NYSE:OII) hat einen historischen Vertrag mit dem US-Verteidigungsministerium über seinen Bereich Luft- und Raumfahrt- sowie Verteidigungstechnologien (ADTech) gesichert. Der mehrjährige Vertrag, der als der größte anfängliche Vertragswert in der Unternehmensgeschichte gilt, umfasst die Planung, den Bau, die Prüfung und die Lieferung eines maritimen Mobilitätssystems.
CEO Rod Larson betonte, dass dieser Erfolg die branchenübergreifende Anwendung maritimer Technologie und Ingenieurexpertise des Unternehmens zeigt und gleichzeitig die starke Partnerschaft von ADTech mit US-Regierungskunden stärkt. Der Auswahlprozess für den Vertrag umfasste mehrere konkurrierende Teams, wobei Oceaneering schließlich für den Zuschlag ausgewählt wurde.
- Secured largest initial contract value in company history
- Won competitive selection process against multiple teams
- Strengthens strategic relationship with Department of Defense
- Expands presence in government defense sector
- None.
Insights
Oceaneering's contract win with the Department of Defense represents a landmark achievement for the company. Being described as "the largest initial contract value in Oceaneering's history" signals significant revenue potential and business expansion. The multi-year nature of this agreement provides valuable long-term revenue visibility that investors typically prize.
What makes this particularly noteworthy is Oceaneering's success in a competitive selection process, being "down-selected from multiple teams." This validates their technical capabilities in maritime systems and strengthens their positioning for future defense contracts. The maritime mobility system contract leverages their core competencies while expanding their defense footprint.
For investors, this win carries strategic importance beyond immediate revenue. It demonstrates successful diversification beyond Oceaneering's traditional energy sector focus, reducing cyclical exposure. The contract reinforces their relationship with the stable U.S. government customer base, potentially opening pathways to additional defense work.
While the exact contract value remains undisclosed, the CEO's characterization suggests material financial impact. Defense contracts typically offer more predictable cash flows than energy sector work, though they often come with strict compliance requirements and cost controls that can affect margins.
This Department of Defense contract represents a significant revenue catalyst for Oceaneering International. The CEO's clear statement that this is "the largest initial contract value in Oceaneering's history" indicates material financial impact, though specific dollar figures aren't disclosed.
The multi-year timeframe provides enhanced revenue visibility and stability - particularly valuable for a company with exposure to the cyclical energy sector. Being selected from "multiple teams" in a competitive process demonstrates Oceaneering's technological differentiation and ability to secure high-value government contracts.
This win substantially strengthens Oceaneering's Aerospace and Defense Technologies (ADTech) segment, which serves as a strategic diversification from their energy business. The contract's focus on maritime mobility systems creates natural synergies with their offshore expertise, allowing technology transfer between divisions.
The term "initial contract value" suggests potential for additional modifications or extensions, common with defense procurement. While defense contracts typically offer stable revenue streams, they can involve complex compliance requirements that affect margin profiles differently than commercial work. Overall, this represents Oceaneering's successful execution of its diversification strategy and establishes stronger positioning within the defense contractor ecosystem.
Rod Larson, Oceaneering’s President and Chief Executive Officer, stated: “We 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’s 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
This release contains "forward-looking statements," 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’s 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.
Oceaneering is a global technology company delivering engineered services and products and robotic solutions to the offshore energy, defense, aerospace, and manufacturing industries.
For more information on Oceaneering, please visit www.oceaneering.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250312765863/en/
Hilary Frisbie
Senior Director, Investor Relations
Oceaneering International, Inc.
713-329-4755
investorrelations@oceaneering.com
Source: Oceaneering International, Inc.
FAQ
What is the significance of Oceaneering's (OII) new Department of Defense contract?
What will Oceaneering (OII) deliver under the new Defense contract?
Which division of Oceaneering (OII) won the Defense contract?
How was Oceaneering (OII) selected for the Defense contract?
