Oceaneering International, Inc. has secured an indefinite-delivery/indefinite-quantity (IDIQ) contract with the Naval Supply Systems Command Weapon Systems Support for the repair of valves and actuators on Virginia-class and Los Angeles-class submarines. The contract, part of the U.S. Navy's Corporate Component Repair Program, has a base value of up to $86 million over a two-year term, with the possibility of three additional option years. Oceaneering, one of three suppliers chosen for this program, will perform the work at its facilities. The funding will be provided through Navy Working Capital Funds. This contract extends Oceaneering's eight-year history of supporting the CCRP, which focuses on efficient and cost-effective submarine component repairs.