Northwire Canada EditionThursday, July 16, 2026
Sign inSubscribe
Northwire
⌕
CLCH 1.17 −4.1% DG 0.035 +0.0% SGML 15.86 −6.0% FURY 0.730 −2.7% CG 22.11 −1.9% ARIS 20.18 −1.1% LAF 1.65 +0.0% MKO 10.18 −2.2% NUG 0.330 −1.5% SGN 0.250 −5.7% AVL 7.99 −0.4% ELE 22.14 −2.7% TRX 1.03 −7.2% PTM 1.83 +0.6% OMM 0.050 −9.1% CBG 0.300 −1.6% CLCH 1.17 −4.1% DG 0.035 +0.0% SGML 15.86 −6.0% FURY 0.730 −2.7% CG 22.11 −1.9% ARIS 20.18 −1.1% LAF 1.65 +0.0% MKO 10.18 −2.2% NUG 0.330 −1.5% SGN 0.250 −5.7% AVL 7.99 −0.4% ELE 22.14 −2.7% TRX 1.03 −7.2% PTM 1.83 +0.6% OMM 0.050 −9.1% CBG 0.300 −1.6%
M&A / Property

Kraken Robotics Announces $24 Million in Defence Orders

By The Northwire Desk — AI Analysis Mar 17, 2026 · 06:30 PNG · 9.6 Kraken Robotics Inc.
PNG · Price

Executive Summary

  • Kraken Robotics announced approximately $24 million in new defence orders from over 10 customers across five countries, including three new defence clients.
  • The orders comprise SeaPower batteries, KATFISH towed synthetic aperture sonar (SAS), and Kraken SAS, with production ramp‑up at the new Nova Scotia battery facility slated for the next month.
  • The company also reiterated its pending acquisition of Covelya Group Limited, expected to close in Q2 2026, expanding its portfolio of underwater technology solutions.

Key Details

  • Order Value: ~$24 M total across multiple product lines.
  • Customers: >10 customers in five countries; three are new defence customers.
  • Products Sold:
  • SeaPower batteries – manufactured at the upcoming Nova Scotia facility.
  • KATFISH towed synthetic aperture sonar (SAS) – sold to the Polish Navy for its mine‑hunting program via partner Thesta.
  • Kraken SAS – sold to multiple defence customers for autonomous underwater vehicle (AUV) platforms.
  • Polish Navy Order: New KATFISH units supplied through authorized reseller Thesta, following original selection in 2020 for Kormoran II‑class vessels.
  • Manufacturing Expansion: Nova Scotia battery plant coming online within the next month, increasing production capacity.
  • Acquisition Update: Kraken previously announced (Mar 3 2026) its intent to acquire Covelya Group Limited, a provider of mission‑critical underwater technology with subsidiaries Sonardyne International Ltd., EIVA A/S, Forcys Ltd., Wavefront Systems Ltd., Voyis Imaging Inc., and Chelsea Technologies Ltd.
  • Closing Timeline: Acquisition expected to close in Q2 2026, subject to customary conditions and regulatory approvals.

Notable Quotes

“SeaPower battery sales continue to be strong, with several new clients further diversifying our customer base… Manufacturing of our batteries in our new Nova Scotia facility is coming online in the next month, significantly expanding our production capacity,” – Greg Reid, President & CEO, Kraken Robotics.

“We are also pleased to share that we have sold a new KATFISH to the Polish Navy for their minehunting program and SAS to multiple defence customers for their autonomous underwater vehicle (AUV) platforms.” – Greg Reid.

Read the original news release →

More from Kraken Robotics Inc.

Jun 18, 2026 · 06:30

Kraken Robotics Announces Regulatory Approval of its Acquisition of Covelya Group

M&A / Property Jun 01, 2026 · 08:45

Kraken Robotics Consolidates Subsea Dominance with Covelya Acquisition, Yet Near-Term Margin Pressures and Integration Hurdles Cap Immediate Upside

M&A / Property May 28, 2026 · 06:30

Kraken’s in‑line Q1 results and pending Covelya mega‑deal keep growth narrative alive, but the shares remain stuck below post‑acquisition hype levels.

Earnings May 06, 2026 · 06:30

Kraken Robotics MOU with SEFINE SISAM Validates Turkish Market Expansion Amidst Covelya Acquisition Integration

M&A / Property Apr 16, 2026 · 06:25

Kraken Robotics Secures $28 Million in Orders Amidst Covelya Acquisition Integration

Other Apr 07, 2026 · 06:30

Marine tech innovator

Production / Operations