On November 5, Kraken Robotics said it had secured $102 million in new orders since its late-August update. That brought its 2026 order total to approximately $457 million.
More than 60% of the company’s 2026 orders have come from the defense industry. The new orders span Kraken’s portfolio.
The contracts include more than $55 million for the recently acquired Covelya businesses. They also include $25 million for Kraken’s subsea batteries for unmanned underwater vehicles (UUVs) and $22 million for its synthetic aperture sonar (SAS) systems.
Kraken said the vast majority of the orders are expected to convert to revenue within the next 12 months, providing visibility heading into 2027. The company scheduled the release of its Q3 2026 results for November 24.