Lockheed’s technology investment unit, Lockheed Martin Ventures, announced Friday that it is backing a San Diego-based company called Ocean Aero, which makes various classes of seafaring drones, termed unmanned underwater vehicles, or UUV’s. The size and terms of the transaction were not disclosed, but the venture unit typically makes investments of between $1 million and $5 million.
Lockheed Martin Venture Unit Invests in Underwater Drone Company Ocean Aero
Kraken Robotics is a marine technology company engaged in the design and sale of advanced sonar and optical sensors for underwater vehicles used in military and commercial applications. We are recognized as world leading innovators of SAS, a revolutionary underwater imaging technology that provides ultra-high resolution seabed imagery. In addition, we have developed our own underwater vehicles which offer a highly integrated underwater offering with a strong price/performance value proposition.
- Kraken Announces Acceleration of Ocean Infinity Battery Order and $5 Million Advance Payments November 28, 2018
- Kraken Announces $0.5 Million Contract from Canadian Department of Defense November 26, 2018
- Kraken and Leeway Announce Co-operation Agreement October 1, 2018
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