Oceaneering won Navy contract and Oceaneering International stock costs EUR 38.90

Published on 10/08/2026 at 11:00 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Navy award totals USD 154.00 million. Oceaneering International stock stood at EUR 38.90 on October 8, 2026 versus EUR 39.00, minus 0.26 percent.

OII, US6752321025, Illustration mit AI erstellt.

Oceaneering International (ISIN US6752321025) was trading at EUR 38.90 at Lang & Schwarz on October 8, 2026 at 10:46 a.m. CEST, minus 0.26 percent versus the prior close of EUR 39.00. The company had announced on October 2, 2026 that its Aerospace and Defense Technologies segment received a five-year U.S. Navy Dry Deck Shelter contract with potential value of USD 154.00 million, according to Business Wire.

Five-year defense contract

The award covers one base year and four option years for maintenance, overhaul, engineering and field change services. The contract supports the deployment of special operations forces and undersea vehicles, extending Oceaneering's work on the Dry Deck Shelter program that began in 2002, the company said in the release linked by Business Wire.

The value is a potential ceiling rather than guaranteed revenue because four option years remain. Simply Wall St wrote on October 8, 2026 that the award adds contracted visibility while Oceaneering remains exposed to cyclical offshore energy activity.

Quarterly figures beat expectations

Oceaneering reported USD 768.18 million of revenue in the second quarter of 2026, up 10.00 percent from the same quarter a year earlier. Earnings per share reached USD 0.63 versus a USD 0.46 consensus estimate, while prior-year earnings per share were USD 0.49, according to MarketBeat.

That combination gives the Navy award a measurable operating context: the potential contract value equals 20.05 percent of second-quarter revenue, although the comparison does not represent a forecast of booked sales. MarketBeat reported that five analysts carried a Hold average rating and a USD 45.00 average 12-month target on October 5, 2026.

EUR 38.90 versus EUR 39.00

Oceaneering International stock was trading at EUR 38.90 at Lang & Schwarz on October 8, 2026 at 10:46 a.m. CEST, minus 0.26 percent versus the prior close of EUR 39.00. The primary listing is NYSE, where the latest finance quote showed USD 43.70 on October 7, 2026, with a 52-week range of USD 22.02 to USD 54.25 and market capitalization of USD 4.3 billion.

The further course of trading is shown by the continuously updated real-time quote of Oceaneering International stock.