USA, May 27, 2009 (Info-Prod Research) -- According to DOD: Oceaneering International, Inc. (NYSE:OII) آ– Marine Services Division, Chesapeake, Va., is being awarded a $14,095,184 firm-fixed-price contract for the Service Life Extension Program (SLEP) of three Landing Craft, Air Cushion (LCAC) craft. The LCAC SLEP will extend the service life of LCAC from 20 to 30 years, sustain/enhance craft capability, replace obsolete electronics, repair corrosion damage, reduce life cycle cost by improving reliability and maintainability, increase survivability, and establish a common configuration baseline. The LCAC SLEP scope of effort includes repair and upgrade of the buoyancy box, gas turbine engine replacement, installation of a new skirt, installation of an integrated C4N equipment package, and accomplishment of selected craft alterations and repair work. This contract includes options which, if exercised, would bring the cumulative value of this contract to $38,883,193. Work will be performed in Norfolk, Va., and is expected to be completed by November 2012. Contract funds will not expire at the end of the current fiscal year. This contract was competitively procured via Federal Business Opportunities, with four offers received. The Naval Sea Systems Command, Washington Navy Yard, Washington, D.C., is the contracting activity (N00024-09-C-2240).