Kraken Wins 8-Year Framework Agreement with Defense Contractor

Kraken Robotic Systems Inc., has signed an 8-year framework agreement with a leading international defense contractor. Under the agreement, Kraken’s Acoustic Signal Processing Group in Toronto will provide development, maintenance, and training to the customer to enhance and modernize their sonar product. The customer name and additional contract details cannot be disclosed for confidentiality reasons.

Kraken’s Acoustic Signal Processing Group has over 80 years of combined experience in sonar systems development and integration. Their core competency is implementation of digital signal processing and user interface software for Anti-Submarine Warfare (ASW) sonar applications. This work frequently involves integration with embedded processing platforms for shipboard or shore-based analysis systems. The group can process and display data from fixed and mobile underwater as well as airborne systems to take advantage of machine automation, active and passive array technology improvements, hardware and software upgrades of submarine, surface and airborne ASW systems.

CEO Comments

Karl Kenny, Kraken’s President and CEO said, “Since signing a $1 million contract with this customer in September 2018, our Acoustic Signal Processing Group has worked diligently to support this customer. We are pleased with their vote of confidence in our team’s capabilities and look forward to a growing relationship in the coming years. There is a significant and growing demand for strengthening ASW capabilities operated on surface warships, aircraft, submarines and unmanned systems. Such technologies are used to track, locate and neutralize hostile submarine threats.”

Industry analysts Research & Markets estimate that the global sonar systems market was valued at over US$ 4 Billion in 2018. Governments are increasing their defense budgets for building warships and deploying submarines as a part of their military strategies. Moreover, the growing applications of sonar systems in ASW have boosted their demand across the globe.