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 Launches OceanVision™ Project September 9, 2019
- Kraken Awarded $2 Million Deep Sea Battery Contract August 29, 2019
- Kraken Reports Q2 2019 Results and Reiterates $15M Revenue Guidance and Profitability for Fiscal 2019 August 29, 2019
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