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Stock impact report

Oceaneering Wins Department of Defense Contract for Maritime Tech [Yahoo! Finance]

Oceaneering International, Inc. (OII) 
Last oceaneering international, inc. earnings: 2/24 05:01 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Department of Defense in its Aerospace and Defense Technologies (ADTech) segment. With the highest initial contract value in its history, this contract highlights the company's growing influence in maritime technology and its critical role in national security. Oceaneering's ADTech segment accounts for about 15% of the total company revenues and with this segment, the company expands beyond the energy sector, opening its doors for new market opportunities in various industries. In 2024, the ADTech segment delivered nearly $393 million in revenues and with the award of this contract, the company created a positive trajectory for the company and its stakeholders. An Insight Into the Contract The contract involves designing, building, testing and Read more
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