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Innovators: Defence & Security
Kraken to Supply Sonar System to Major Israeli Defence Contractor
by Barry Snow on February 23, 2016
Kraken Awarded $1.5 Million Order From Major Defence Contractor
by Barry Snow on November 17, 2015
ST. JOHN'S, NL--(Marketwired - November 02, 2015) - Kraken Sonar Inc. ("Kraken") (TSX VENTURE: PNG) is pleased to announce that its wholly-owned subsidiary, Kraken Sonar Systems Inc. has received a $1.5 million contract from a major international defence contractor for a KATFISH sonar system. Along with spare parts and support, the initial order could exceed $2 million. Due to the sensitivity of its business, the client's name cannot be disclosed. Read more.
PROVINCIAL AEROSPACE AND AIRBUS DEFENCE AND SPACE SIGN LETTER OF INTENT
by Barry Snow on April 8, 2015
Airbus Defence and Space and Provincial Aerospace signed a letter of intent which facilitates the exploration of extending their relationship internationally. Provincial Aerospace had previously been announced as Airbus Defence and Space’s primary Canadian partner for its C295 aircraft in its bid to replace Canada’s fixed-wing search and rescue (FWSAR) aircraft. This agreement will go well beyond that. Read more.