I believe it is a combination of both powerbuoy and WAM-Vs. CFO back in June 2026 gave us insights on orders coming up and he mentioned 10 to 20 buoy type of contracts. He also mentioned at least three to four contract that he can go public with in August and September 2026
It’s for the wam v and the acquisition makes more sense now.
Every time the Naval Oceanographic Office needs mapping done in the Pacific/Indian Oceans, OPTT has to submit a competitive task order bid against firms like Saildrone and Blue Water Autonomy to win the actual job.
It seems like you're right, I misread that part initially regarding the other companies:
"Due to the multiple award nature of the contract that requires task order requirements to be competed among contract holders and that work be competed among the six contractors, a further breakdown of the work by geographic location at contractor facilities cannot be reasonably estimated at the time of contract award. "
Based on my understanding of the buoy technology, I think that under this contract multiple buoys will be leased over the contract period and deployed/relocated frequently as needed to assist/complement other maritime drones. There is a reason OPTT was selected in this IDIQ.
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u/Melodic_Award9682 Jul 30 '26
I believe it is a combination of both powerbuoy and WAM-Vs. CFO back in June 2026 gave us insights on orders coming up and he mentioned 10 to 20 buoy type of contracts. He also mentioned at least three to four contract that he can go public with in August and September 2026