Ocean Power Technologies joins $40 million US Navy IDIQ for autonomous ocean-floor mapping services

Reuters2026/08/05 12:15

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Ocean Power Technologies was selected as one of six potential awardees on a $40 million U.S. Navy NAVOCEANO IDIQ contract for autonomous ocean mapping.
Work covers high-resolution ocean-floor mapping using long-endurance unmanned surface vehicles across the Indian and Pacific Ocean basins.
Two-year ordering period expected to run from August 2026 through July 2028.
Task orders will be competed among contract holders; the $40 million figure is the total contract ceiling across all awardees.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Ocean Power Technologies Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202608050815PRIMZONEFULLFEED9804044) on August 05, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Ocean Power Technologies joins $40 million US Navy IDIQ for autonomous ocean-floor mapping services

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