- Kraken (PNG) has signed a follow-on contract to supply minehunting systems as part of a contract for new Mine Countermeasure Vessels (MCMVs) for a NATO Navy
- Kraken will deliver additional KATFISH, Tentacle Winch and ALARS and topside systems in 2023 and 2024
- Kraken Robotics is a marine technology company
- Kraken Robotics Inc. (PNG) opened trading at C$0.37
Kraken (PNG) has signed a follow-on contract to supply minehunting systems as part of a contract for new Mine Countermeasure Vessels (MCMVs).
As part of this new contract for a NATO Navy, Kraken will deliver additional KATFISH, Tentacle Winch and ALARS and topside systems. Kraken’s sonar equipment will be integrated onboard new MCMVs, with deliveries occurring in 2023 and 2024.
Karl Kenny, Kraken President and CEO, commented on the contract.
“We are very pleased to sign this follow-on contract to supply additional KATFISH and ALARS systems for this NATO Navy’s new minehunting vessels. Like many other NATO countries, Kraken’s customers are upgrading their minehunting capabilities, as the war in the Ukraine with Russia highlights the need for stronger national security. Against this global geopolitical backdrop, Kraken is seeing continued opportunities for growth in all regions of the world. With an innovative and world leading portfolio of synthetic aperture sonar technologies, we look forward to additional significant program wins both as prime contractor and in partnership with other global defense primes. Our next generation technology is commercially available today and offers industry leading performance and a highly competitive value proposition.”
Headquartered in Newfoundland, Kraken Robotics is a marine technology company offering software-centric sensors, subsea batteries and thrusters, and underwater robotic systems.
Kraken Robotics Inc. (PNG) opened trading at C$0.37.