Kraken Robotics is trading 5.5% down at $2.41 on November 6, 2026, amid concern over the earlier-this-week loss of a potential $200 million U.S. Navy mine-hunting contract to Thales. - Raymond James cut its target to C$5.50 from C$8, maintaining Outperform and citing the loss. - On November 5, Kraken announced $102 million in new orders, including its largest-ever single sonar order. - Reports do not confirm volume or establish that the loss alone explains the full decline.