Kraken Robotics Announces Major Defence Contracts Totaling $24 Million
ST. JOHN’S, Newfoundland and Labrador – Kraken Robotics Inc., a leader in subsea technology, has revealed a significant milestone with approximately $24 million in new defence orders. These contracts span over 10 customers across five countries, marking a notable expansion in the company's global footprint. Among the clients are three new defence customers, underscoring Kraken's growing influence in the security sector.
Diverse Product Portfolio Drives Sales Growth
The orders encompass a range of Kraken's innovative products, including the SeaPower batteries, KATFISH towed synthetic aperture sonar (SAS), and Kraken SAS systems. Greg Reid, President and CEO of Kraken Robotics, highlighted the strength of SeaPower battery sales, noting that several new clients have further diversified the customer base. He also announced that manufacturing at the new Nova Scotia facility is set to commence within the next month, which will significantly boost production capacity.
"We are thrilled to share that we have sold a new KATFISH system to the Polish Navy for their minehunting program," Reid stated. "Additionally, our SAS technology has been selected by multiple defence customers for integration into autonomous underwater vehicle (AUV) platforms, reinforcing our role in advancing underwater intelligence."
Strategic Partnerships and Historical Context
The Polish Navy, which first adopted KATFISH in 2020 for deployment on Kormoran II-class minehunting vessels, placed this latest order through Thesta, Kraken's authorized reseller in Poland. This partnership was solidified during the recent Oceanology International exhibition, enhancing Kraken's distribution network in Europe. The KATFISH system is designed to support mine countermeasure operations in complex shallow water environments, a critical capability for naval forces.
Company Overview and Recent Developments
Kraken Robotics Inc. specializes in transforming subsea intelligence through advanced 3D imaging sensors, power solutions, and robotic systems. The company's offerings, including synthetic aperture sonar, sub-bottom imaging, and LiDAR systems, provide best-in-class resolution for insights into ocean safety, infrastructure, and geology. Its pressure-tolerant batteries deliver high energy density power for unmanned underwater vehicles (UUVs) and subsea energy storage applications.
Headquartered in Canada, Kraken maintains offices in North America, South America, and Europe, serving clients in more than 30 countries worldwide. In a recent strategic move, on March 3, 2026, Kraken announced the acquisition of Covelya Group Limited, a provider of mission-critical underwater technology solutions. This acquisition, expected to close in the second quarter of 2026, includes subsidiaries such as Sonardyne International Ltd. and EIVA A/S, pending regulatory approvals.
Implications for the Defence and Technology Sectors
This $24 million order influx highlights Kraken Robotics' robust position in the defence market, driven by cutting-edge technology and strategic collaborations. As global demand for underwater security and exploration grows, Kraken's innovations in batteries and sonar systems are poised to play a pivotal role in enhancing maritime operations. The expansion of production capacity in Nova Scotia further positions the company to meet increasing client needs efficiently and sustainably.
