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FMC Technologies receives $30M contract from Tidewater

FMC Technologies Inc.

FMC Technologies Inc. (NYSE: FTI) has received an order from Tidewater Subsea to supply a fleet of six work-class ROV systems for its subsea operations business. The ROV systems will be supplied by FMC Technologies' Schilling Robotics business unit and are expected to be delivered before the end of 2013. The contract value is approximately $30 million in revenue.

FMC Technologies will supply integrated heavy-duty work-class ROV systems, which will be mobilized onboard Tidewater's deepwater vessels to service the global oil and gas offshore construction and inspection, maintenance, and repair (IMR) markets.

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