A diver navigation, information and safety buoy system and method. The system and method incorporate a float device, and an ultra-short baseline acoustic array in communication with a diver transponder. The system and method also include a GPS system having a GPS antenna device mounted on the float device. The system also includes an AIS system having an AIS antenna mounted on the float. A diver processor permits a diver's location information to be calculated, and the diver can be navigated to a desired destination.