Phoenix International Holdings, Inc.

Phoenix International Holdings, Inc., an employee-owned marine services contractor based in Upper Marlboro, Maryland, delivers underwater operations, diving services, salvage work, and advanced maritime engineering to the U.S. Navy and allied federal agencies as a prime contractor on single-award and task-order IDIQs, competing on full-and-open contracts without set-asides.

Phoenix operates almost entirely as a prime contractor—95% of its 766 recent awards are prime positions—across a highly concentrated customer base anchored by Naval Sea Systems Command (NAVSEA). NAVSEA accounts for 653 awards and $1.08 billion of the $1.11 billion combined potential value across Phoenix's footprint, reflecting a nearly complete dependency on a single Navy command. The next-largest customers—the Office of Naval Research ($21.8 million), Fleet Forces Command Atlantic ($7.4 million), Pacific Fleet Forces ($3.7 million), Naval Supply Systems Command ($1.3 million), and the Coast Guard ($1.1 million)—are distant secondary players. This 97% concentration by award count on NAVSEA creates significant customer concentration risk and recompete exposure: 36 awards with combined potential value of $30.3 million reach ultimate completion inside the next twenty-four months.

Phoenix's core capability portfolio centers on vessel-specific maintenance and repair work for Navy surface ships, submarines, and amphibious warfare platforms. Representative recent delivery orders include a $5.999 million DSEND 1ATA dive suit development order (awarded February 2026), a $4.128 million South China Sea aircraft recovery operation (awarded November 2025), a $4.622 million Japanese SH-60K helicopter recovery (awarded February 2025), an $8.214 million USS Dwight D. Eisenhower shaft replacement (awarded June 2024), and a $2.89 million CVN-68 class in-water shaft replacement (awarded April 2024). Work spans underwater hull cleaning, rudder repairs and weld work, shaft replacement, cofferdam fabrication and installation, remotely operated vehicle (ROV) husbandry and support, object recovery, and diving operations. Phoenix also executes smaller research and development work, including a $5.568 million Office of Naval Research contract (awarded July 2023) for unmanned underwater vehicle-based sensor system development and testing in support of explosive ordnance disposal operations.

Phoenix's parent contract vehicle footprint is dominated by five NAVSEA indefinite-delivery contracts: N0002420D4306 (150 task orders, $125.1 million), N0002414D4102 (81 task orders, $117 million), N0002411D4115 (176 task orders, $49 million), N0002416D4111 (87 task orders, $42.9 million), and N0002403D4030 (133 task orders, $31.3 million). These vehicles represent both single-award and multiple-award structures supporting diving services, undersea search and salvage operations, and vessel-specific maintenance across NAVSEA commands including the Director of Ocean Engineering, Supervisor of Salvage and Diving, and regional maintenance centers. The largest documented single-award IDIQ in the source carries a $112 million ceiling extending through September 2027 for worldwide undersea operations focused on rapid-response undersea search, salvage, and rescue; a companion $97 million IDIQ covers worldwide diving and diving-related services through 2027. Task order values range from tens of thousands of dollars for small hull-cleaning or repair jobs to over $8 million for complex ship shaft and machinery replacements.

Activity has remained stable at 44 to 58 awards per year from 2022 through 2024, declining slightly to 46 in 2025 and 11 through April 2026 (reflecting partial-year data). SCI-reported invoiced revenue totaled $8.9 million in FY2022 across 6.6 full-time equivalents; FY2023 and FY2024 SCI records show zero invoiced amounts, suggesting either no reportable service contracts above the $150,000 SCI threshold in those years or a shift toward goods-dominated or classified contracting. Government-paid hourly rates on SCI-reportable service contracts ran a median of $647.26/hr, with a range from $632.02/hr at the 10th percentile to $662.50/hr at the 90th percentile, reflecting skilled diving, engineering, and salvage labor. Phoenix performs work entirely with its own staff on SCI contracts (0% average sub-hours share).

Phoenix subcontracts heavily to execute complex delivery orders. Named sub-prime relationships include BAE Systems Maritime Solutions San Diego (recurring work on ship repair availabilities, particularly for the USS John P Murtha and USS Paul Hamilton), Lockheed Martin (deep combat submersible and deep rescue diving support), East Coast Repair & Fabrication (labor and equipment support on USS Gettysburg and USS Oak Hill maintenance), Oceanetics Inc. (dive team and mooring system repairs), National Steel and Shipbuilding Company (ship repair sub-contracts), Epsilon Systems Solutions (ship seawater cooling pipe and USS Michael Monsoor work), and Marine Hydraulics International (cofferdam installation and tank repair on USS New York). Smaller specialty subs include Kidder Inc. (veteran-owned, cofferdam and structure fabrication), Coda Octopus Products (underwater imaging and sonar technology for DAVD development), Seaward Marine Services (diving services and aluminum anode replacement), and Hornbeck Offshore Operators (vessel support for recovery operations). This deep bench of subcontractors enables Phoenix to deliver turnkey solutions for vessel-specific engineering and maintenance without maintaining all specialized capabilities in-house.

Primary NAICS categories reflect the underwater and ship-focused mission: Navigational Services to Shipping (265 awards), Ship Building and Repairing (232 awards), Other Support Activities for Water Transportation (134 awards), and Engineering Services (116 awards). PSC coding confirms the work scope: Maint/Repair/Rebuild Of Equipment—Ship and Marine Equipment (205 awards), Salvage—Other (202 awards), Maint/Repair/Rebuild Of Equipment—Special Industry Machinery (198 awards), and Salvage—Marine Vessels (84 awards).

Phoenix International's footprint is characterized by deep specialization in Navy underwater and maritime capabilities, near-complete dependency on a single NAVSEA customer, and stable—if not growing—annual task-order velocity. The company competes on full-and-open basis without set-aside protection, leveraging established relationships and technical expertise in deep submergence, diving, and ship maintenance to capture task orders under long-standing IDIQs. The recompete cliff of $30.3 million in the next twenty-four months and a shifting task-order pace in 2025–2026 warrant close monitoring for competitors seeking Navy maritime maintenance exposure or for primes considering Phoenix as a specialized maritime engineering sub.