Kraken Robotics Announces $102M in New Orders
News related to:Kraken Robotics Inc · 3 min read
TORONTO, Nov. 05, 2026 /CourierPR/ -- Kraken Robotics Inc., a global marine technology company, has announced significant new order activity totaling $102 million since its last update on August 27, 2026. The new orders bring the combined total for the year to approximately $457 million, with over 60% of these orders originating from the defense industry. This activity underscores the robust demand for Kraken’s and its recently acquired Covelya Group’s products and services.
The recent $102 million in product orders are grouped as follows: Over $55 million across Covelya businesses, with notable strength in offshore oil and gas and defense sectors; $25 million for Kraken’s subsea batteries for UUV customers in the defense sector; and $22 million for Kraken’s synthetic aperture sonar (SAS) systems, including the largest single SAS order in the company’s history from an undisclosed navy customer. These advanced SAS systems will be integrated on man-portable UUVs as part of a major naval program, which may generate additional orders over its multi-year duration.
Kraken Robotics Inc. will release its third quarter 2026 financial results prior to the opening of markets on Tuesday, November 24, 2026. The company’s management will hold a conference call at 8:30 a.m. ET on that day to discuss the results and outlook. Participants can listen to this event via the webcast details provided or by dialing 1-833-752-3301 (North America) or +1-647-846-2734 (International) and asking to be connected to the Kraken Robotics call. A recording will also be available following the call.
The acquisition of Covelya Group has expanded Kraken’s technological and solution offerings, with integration activities progressing as planned. With the majority of these recent product orders expected to convert to revenue within the next 12 months, this activity provides meaningful visibility as Kraken enters 2027.
The recent $102 million in product orders are grouped as follows: - Over $55 million across Covelya businesses, with strength in offshore oil and gas and defense; - $25 million for Kraken’s subsea batteries for UUV customers in the defense sector; and - $22 million for Kraken’s synthetic aperture sonar (SAS) systems, including the largest single SAS order in the Company’s history from an undisclosed navy customer. These advanced SAS systems will be integrated on man-portable UUVs as part of a major naval program. The program may generate additional orders over its multi-year duration.
Kraken Robotics Inc. will release its third quarter 2026 financial results prior to the opening of markets on Tuesday, November 24, 2026. The company’s management will hold a conference call at 8:30 a.m. ET on that day to discuss the results and outlook. Participants can listen to this event via the webcast details provided or by dialing 1-833-752-3301 (North America) or +1-647-846-2734 (International) and asking to be connected to the Kraken Robotics call. A recording will also be available following the call.
The acquisition of Covelya Group has expanded Kraken’s technological and solution offerings, with integration activities progressing as planned. With the majority of these recent product orders expected to convert to revenue within the next 12 months, this activity provides meaningful visibility as Kraken enters 2027.
Kraken Robotics Inc. will release its third quarter 2026 financial results prior to the opening of markets on Tuesday, November 24, 2026. The company’s management will hold a conference call at 8:30 a.m. ET on that day to discuss the results and outlook. Participants can listen to this event via the webcast details provided or by dialing 1-833-752-3301 (North America) or +1-647-846-2734 (International) and asking to be connected to the Kraken Robotics call. A recording will also be available following the call.
Figure 1: A REMUS 300 UUV equipped with Kraken SAS
On July 2, 2026, Kraken Robotics acquired the Covelya Group, bringing together Sonardyne, EIVA, Forcys, Voyis, and Chelsea Technologies. Together, the companies combine highly skilled global teams with a shared commitment to solving complex underwater challenges through world-class, dual-use technologies.