The vehicles are of the Hydra Magnum, Millenium, and Maxximum designs, have 10,000 feet water depth ratings and are being equipped with 100 to 300 horsepower packages.

The vehicles are being built at Oceaneering's ROV manufacturing facility in Morgan City, Louisiana, at a total estimated cost of about $20 million. The new additions will boost Oceaneering's fleet of ROV vehicles to 179.

Long-term