New York Stock Exchange-listed Tidewater revealed in November that it had ordered its first six work-class remotely operated vehicles (ROVs), for an investment said to be around US$30 million. News of Tidewater's expansion into the market came as the company also announced that it had sorted out imbroglios in which it had become involved in Angola and Nigeria. Tidewater's executive vice president and chief operating officer Jeffrey Gorski said the intention is to grow the ROV arm into "a US$50-100 million annual revenue business within a three- to five-year timeframe". The company's chief executive officer Jeffrey Platt added a delicious titbit about the maiden ROV investment: "This is a first step, so this is not the end game, if you will, for Tidewater."
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