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Events / Business / Kraken Robotics Secures $28M Orders
Business new orders

Kraken Robotics Secures $28M Orders

Analysis based on 6 articles · First reported Apr 16, 2026 · Last updated Apr 16, 2026

Sentiment
60
Attention
4
Articles
6
Market Impact
General
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Market Impact

The announcement of $28 million in new orders for Kraken Robotics' products is likely to have a positive impact on the company's stock price, reflecting increased revenue expectations and market confidence in its subsea technology. The ongoing acquisition of Covelya Group further positions Kraken Robotics for growth in the underwater technology sector.

Defense Technology Robotics
Event Summary

Kraken Robotics announced approximately $28 million in new orders for its SeaPower batteries and Synthetic Aperture Sonar (SAS) from five clients, including two new customers. Greg Reid, President and CEO of Kraken Robotics, highlighted that their products are now integrated into over 30 different uncrewed underwater vehicle (UUV) platform types globally. The company also reiterated its previously announced acquisition of Covelya Group, a provider of underwater technology solutions, which is expected to close in the second quarter of 2026. This acquisition includes subsidiaries such as Sonardyne International, European International Virtual Aviation Organisation, Forcys, Wavefront Systems, Voyis Imaging, and Chelsea Technologies.

Entities Involved
per
Greg Reid
Greg Reid, President and CEO of Kraken Robotics, provided commentary on the new orders, highlighting the integration of their products into various UUV platforms.
Importance 20.0 Sentiment 0.0
priv
Wavefront Systems
Wavefront Systems is a subsidiary of Covelya Group, which Kraken Robotics is acquiring.
Importance 5.0 Sentiment 0.0
priv
Voyis Imaging
Voyis Imaging is a subsidiary of Covelya Group, which Kraken Robotics is acquiring.
Importance 5.0 Sentiment 0.0
priv
Chelsea Technologies
Chelsea Technologies is a subsidiary of Covelya Group, which Kraken Robotics is acquiring.
Importance 5.0 Sentiment 0.0
priv
Sonardyne International
Importance 0 Sentiment 0
stock
Kraken Robotics
Importance 0 Sentiment 0
priv
Covelya Group
Importance 0 Sentiment 0
Relationships
Kraken Robotics acquirer ↔ Covelya Group Kraken Robotics is the pending acquirer of Covelya Group, aiming to expand its underwater technology portfolio through t
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