Federal grant · project grant (b)

Ocean Exploration Trust, Inc.

Development and Testing of Optical and Acoustical Imaging Systems on Remotely Operated Vehicles, Swimmer Delivery Vehicles, Autonomous Surface and Underwater Vehicles to Better Understand Complex Subs

Committed

$774,750

Paid to

UEI LQKKJNMXRR95

613 Williams ST, New London, CT, 06320

Department of Defense

Department of the Navy

Place

CT, UNITED STATES

Performance

Sep 1, 2024 → Aug 31, 2027

How to read these numbers

One award, start to finish: Everything here is this single award's whole record — signed, amended, paid — not a fiscal-year slice. The by-year charts elsewhere split an award across the years it was committed; this page keeps it whole.
Committed vs. ceiling: Committed is what the government has legally promised on this award so far. Contracts can also carry a ceiling — the maximum if every option is exercised. Unspent ceiling is headroom, not money owed.
Paid out: The cash actually disbursed against this award. The gap from committed is the disbursement pipeline: promised, not yet cashed.
The ledger: Each transaction is a signing event — an action that created or changed the award, dated the day it was signed — not a payment. Negative amounts are real: money de-committed at closeout or renegotiation.
The money bar: One bar, the award’s whole arithmetic: paid out, then committed, not yet paid, then .

Source

This award on USAspending.gov ↗

Federal grant · project grant (b)

Department of Defense

Department of the Navy

Basic and Applied Scientific Research to

Ocean Exploration Trust, Inc.

Committed

$774,750

Paid to

Ocean Exploration Trust, Inc.

UEI LQKKJNMXRR95

613 Williams ST, New London, CT, 06320

Department of Defense

Department of the Navy

Place

CT, UNITED STATES

Performance

Sep 1, 2024 → Aug 31, 2027

How to read these numbers

One award, start to finish: Everything here is this single award's whole record — signed, amended, paid — not a fiscal-year slice. The by-year charts elsewhere split an award across the years it was committed; this page keeps it whole.
Committed vs. ceiling: Committed is what the government has legally promised on this award so far. Contracts can also carry a ceiling — the maximum if every option is exercised. Unspent ceiling is headroom, not money owed.
Paid out: The cash actually disbursed against this award. The gap from committed is the disbursement pipeline: promised, not yet cashed.
The ledger: Each transaction is a signing event — an action that created or changed the award, dated the day it was signed — not a payment. Negative amounts are real: money de-committed at closeout or renegotiation.
The money bar: One bar, the award’s whole arithmetic: paid out, then committed, not yet paid, then .

Source

This award on USAspending.gov ↗