Marine Ventures International Awarded $65 Million for MV Independence Operations
United States, Sept. 8 -- Marine Ventures International Inc., Stuart, Florida, is awarded a $64,991,667 hybrid, cost-plus-fixed-fee and firm-fixed price, indefinite-delivery/indefinite-quantity contract for the operation, maintenance and repair of the MV Independence. Work will be performed at Port Hueneme, California, and primarily in the coastal waters of California, Oregon, and Washington, and is expected to be completed by March 2032.The maximum dollar value, including the base period and one option, is $64,991,667. A minimum guarantee of $10,000 will be funded with Fiscal 2026 Navy working capital funds to satisfy the minimum guarantee. Future task orders will be primarily funded by research, development, test and evaluation funds.This...
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