Innovators: Defence & Security

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Kraken Receives $750,000 to Fund R&D

by Barry Snow on November 17, 2015

Kraken Receives $750,000 to Fund R&D Non-Dilutive Capital to Support the Development of KATFISH Sonar Towfish Platform
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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.

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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.

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SOLACE POWERING UP BOEING UAVs

by wade on March 1, 2015

(Ottawa, Ont.; 17 Feb. 2015) Solace Power Inc. of Mount Pearl, Newfoundland and Labrador, will receive financial and technical support from The Boeing Company to develop and demonstrate its wireless charging technology.   Read more.

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IRVING SHIPYARD TO BUILD UP TO SIX ARCTIC PATROL VESSELS

by admin on January 26, 2015

(Ottawa, ON; 17 Jan. 2015) The Conservative government announced Friday it has signed a contract for five Arctic patrol ships for the navy vessels, with the possibility of a sixth depending on a number of circumstances related to the operations of the contracted Irving shipyard.     Read more.