Kraken Announces $0.4 Million Follow on Order from European Defense Company

This work is expected to be completed in 2021. Purchase orders received from this customer in 2021 total $0.7 million. These orders fall under the 8-year framework agreement signed in January 2020. Under the agreement, Kraken will provide development, maintenance, and training to the customer to enhance and modernize their sonar product. The customer’s name and additional contract details cannot be disclosed for confidentiality reasons.