MRV Systems, a subsidiary of General Oceans ASA, is pleased to announce that it
is one of three awardees of a three-year US Navy Indefinite Delivery Indefinite
Quantity (IDIQ) with an upper limit of $51.2 million.
Under the IDIQ, MRV has received the first task order which strengthens their
backlog further. MRV Systems will specifically provide Data-Encrypted Autonomous
In-Situ Subsurface Profiling Systems to the United States Navy as part of the
contract. In addition to the IDIQ, MRV is currently working with the US Navy on
air deployment certification of a next-generation float.
MRV traces its lineage back to Scripps Institute of Oceanography and is one of
the largest providers of scientific floats to the worldwide Argo program. 2026
marks the 10-year anniversary for MRV as a dedicated technological partner of
the United States Navy.
MRV Systems joined General Oceans in April 2026 and expands the Group's
capabilities in long-duration, autonomous data collection and strengthens its
position as a global leader in underwater technology.
For further information, please contact: Rachel McAlpine, Group Marketing
Manager at General Oceans, investors@generaloceans.com
About the IDIQ:
The IDIQ is a framework contract with an upper ceiling. The task orders will be
competed between the three companies. The contract does not guarantee any
minimum order volume or revenue. The order is not considered material to the
Group's financial performance.
he\
Group's financial performance. \