NAVO names Ocean Power Technologies one of six $40m ocean-survey IDIQ awardees
Ocean Power Technologies was selected as one of six potential awardees under a U.S. Naval Oceanographic Office multiple-award IDIQ for long-endurance unmanned surface-vessel ocean-floor mapping.
Evidence notes
- The shared contract ceiling is $40 million and does not represent booked revenue for any single awardee.
- Individual firm-fixed-price task orders will be competed among the six selected companies.
- The 24-month ordering period runs from August 2026 through July 2028.
Company context
Ocean Power Technologies builds maritime autonomy and offshore power systems, including WAM-V unmanned surface vehicles and PowerBuoy platforms. Its WAM-V platform is tracked for defence and government assessment signals as well as commercial and scientific maritime deployments.