Sign In
Search
Business/Financial

Kraken Sonar Acquires Marine Robotics

Cal Biesecker By
SHARE:
Kraken Sonar Acquires Marine Robotics
SQX-500 unmanned underwater vehicle being lowered into a test tank. Photo: Kraken Sonar

Kraken Sonar Inc. this week said it has acquired Marine Robotics Inc., strengthening its technology and intellectual property portfolio.Terms of the deal were not disclosed.The asset acquisition includes an operational twin-pod SQX-500 unmanned underwater vehicle, underwater technology and intellectual property. Most of Marine Robotics employees, which include senior electrical mechanical and software engineers, are now with Kraken.“We believe the ocean drone market is at an inflection point and set for major growth,” Karl Kenney, president and CEO of Canada-based Kraken,…

Subscriber-only content. Please log in below.

Not a subscriber or registered user yet?

Please contact us at clientservices@accessintel.com or call us at 888-707-5814 (Monday – Thursday 9:00 a.m. – 5:30 p.m. and Friday 9:00 a.m. – 3:00 p.m. ET.), to start a free trial, get pricing information, order a reprint, or post an article link on your website.

Recommended

Business/Financial

Trump To Defense Industry Leaders: Slash Executive Pay, Dividends And Buybacks In Favor Of Production Investments

Business/Financial

CACI Makes Play To Bolster Space Capabilities With $2.6 Billion Bid For ARKA Group

Business/Financial

Still Early Days But DoD Taking Positive Steps To Improve Acquisition, Lynn Says Ahead Of Exit

Business/Financial

Sidus Space Looks to Raise $25M in Public Offering

Trending

Still Early Days But DoD Taking Positive Steps To Improve Acquisition, Lynn Says Ahead Of Exit
Coast Guard Awards $3.3 Billion In Polar Icebreaker Contracts To Bollinger And Rauma
Boeing Awarded $8.6 Billion Deal To Build Israel’s New F-15IA Fighter Jets
Navy To Award Leidos’ Gibbs & Cox Contract For New Battleship Design
Lockheed’s Venture Arm Invests In Battery Technology Company South 8

Contract Updates

ICF Mercantile LLC (Warren, New Jersey) – $150,000,000

ICF Mercantile LLC,* Warren, New Jersey, has been awarded a maximum $150,000,000 firm-fixed-price delivery order (SP8000-26-F-0008) issued against an indefinite-delivery/indefinite-quantity contract (SP8000-26-D-0005) for aerospace grade rayon fiber. This was a sole-source acquisition using justification 10 U.S. Code 3204 (a)(3)(A), as…

Lockheed Martin Corp. (Orlando, Florida) – $328,500,000

Lockheed Martin Corp., Orlando, Florida, was awarded a ceiling of $328,500,000 undefinitized contract action issued as a letter contract for Department of Defense and Foreign Military Sales (FMS) Sniper, Infrared Search and Track, and Low Altitude Navigation and Targeting Infrared…

Zapata Black & Veatch JV LLC (Charlotte, North Carolina) – $29,000,000

Zapata Black & Veatch JV LLC, Charlotte, North Carolina, was awarded a $29,000,000 firm-fixed-price contract for planning, design, construction, and operation services. Bids were solicited via the internet with six received. Work locations and funding will be determined with each…

Burns & McDonnell Engineering Co. Inc. (Kansas City, Missouri) – $49,000,000

Burns & McDonnell Engineering Co. Inc., Kansas City, Missouri, was awarded a $49,000,000 firm-fixed-price contract for planning, design, construction, and operation services. Bids were solicited via the internet with four received. Work locations and funding will be determined with each…

The Force Multipliers

Force Multipliers

Jags Kandasamy – Latent AI

Force Multipliers

Force Multipliers – Krista McKendree

Force Multipliers

Force Multipliers – Fred Taylor

Force Multipliers

Force Multipliers – Adam Maruyama

Job Feed

Post a Job // Post a Resume