Kraken Robotics Inc. secured $35 million in new product orders across the maritime defense, offshore energy, and ocean science sectors. The contracts cover navigation and positioning systems, multi-aperture sonar, and Synthetic Aperture Sonar (SAS) technology.
Total 2026 product orders now reach $327 million on a combined basis with the recently acquired Covelya Group. The company reported particularly strong demand for its SeaPower batteries and SAS systems.
CEO Greg Reid expects the product portfolio to represent over 75% of consolidated revenue in 2026.