Kraken Robotics Secures $102 Million in New Orders for 2026

Key Facts

Kraken Robotics announced $102 million in new orders, bringing its total announced orders for 2026 to $457 million. The company stated in a GlobeNewswire release that these orders demonstrate broad demand across defense and offshore energy sectors, with over 60% of the combined 2026 orders originating from defense industry customers.

The growth follows the acquisition of Covelya Group by Kraken Robotics in July 2026, which integrated multiple product families and service lines. CEO Greg Reid noted that the vast majority of these recent product orders are expected to convert to revenue within the next 12 months, providing significant visibility heading into 2027.

The company is scheduled to release its third-quarter 2026 financial results on November 24, 2026, before market open, followed by a management conference call to discuss the results.