Kraken Robotics Secures $28M in Defense and UUV Orders
Event summary
- $28M in new orders for SeaPower batteries and SAS systems from five clients, including two new customers.
- Contracts include three large international defense companies and a commercial UUV manufacturer.
- Products integrated or in integration with over 30 UUV platform types globally.
- Acquisition of Covelya Group Limited expected to close in Q2 2026, subject to regulatory approvals.
The big picture
Kraken Robotics is expanding its footprint in both defense and commercial UUV markets with significant new orders. The pending acquisition of Covelya Group Limited could further solidify its position as a leader in subsea intelligence, particularly if it successfully integrates the acquired technologies into its existing product lineup. The $28M in orders underscores growing demand for advanced underwater sensing and power solutions, reflecting broader industry trends toward autonomous underwater systems.
What we're watching
- Defense Expansion
- How Kraken's entry into defense contracts will impact its commercial UUV business.
- Acquisition Integration
- Whether the Covelya Group acquisition will accelerate Kraken's market positioning.
- Technological Adoption
- The pace at which Kraken's products will be integrated into additional UUV platforms.
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