Aerospace Group:

Business/Financial

Kraken Sonar Acquires Marine Robotics

By Cal Biesecker

Wednesday, November 18th, 2015

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,…

Congress

SASC Leaders Criticize Trump’s Defense Strategy, Press Colby On Policy Shifts

Senate Armed Services Committee (SASC) leadership on Tuesday criticized the Trump administration’s new National Defense Strategy (NDS) and pressed the Pentagon’s top policy official to explain the document’s priorities. SASC […]

Congress

Wicker Wants Legislation On DoD’s Equity Investments In Minerals Supply Chain

Legislation regarding equity investments by the Defense Department in critical mineral supply chains is needed to strengthen the larger defense industrial base and demonstrate to the “free market” that the […]

Congress

“Not Sure How They Get To Where They Wanna Be,” Calvert Says of $1.5 Trillion Defense Topline Proposal

As the federal government enters a third week of tardiness in a fiscal 2027 budget release, a big question is how the Pentagon will be able to spend $500 billion […]

Congress

Path Uncertain For $1.5 Trillion FY ‘27 Defense Topline After Trump Casts Doubt On Second Reconciliation Bill

The path to achieve the White House’s call for a $1.5 trillion defense topline in 2027 appears murkier now after President Donald Trump has cast doubt on the prospects of […]