The Motley Fool labeled Kraken Robotics a compelling defense investment on June 21, 2026. This analysis followed regulatory approval for the transformative Covelya Group acquisition on June 18, 2026. The deal expects to significantly increase Kraken’s business scope and market capitalization.
The report highlighted Kraken’s strong position in subsea technologies and encouraging gross margins. The company currently maintains profitability and faces several upcoming growth catalysts.
A partnership with Anduril serves as a major performance driver. Kraken supplies batteries and sensor technologies for Anduril’s unmanned underwater drones.