Investment helps Kraken Technology Group to develop precision engagement craft
UK-based Kraken Technology Group (KTG) has raised further funding to support the development of its Kraken K50 precision engagement craft.
KTG CEO Mal Crease stated on 19 April that the new investment will allow the company to establish a dedicated UK manufacturing facility to ‘revolutionise the maritime composite design and integration process, specifically to meet increasingly localised manufacturing and assembly requirements’.
KTG also expects to participate in a priced investment round later in 2022.
With a top speed beyond 65kt, the K50 is designed specifically to meet the growing global requirement for fast-response precision engagement, coastal interdiction and the protection of critical offshore infrastructure.
The optional use of advanced electric powertrain technology on the K50 is intended to extend key range and performance parameters, all housed within a unique composite design and structure.
A range of integrated modular systems and sensors on the K50 would deliver ‘uniquely semi-autonomous operational and offensive capabilities’ to defeat swarming threats, KTG added.
More from Naval Warfare
Rafael Advanced Defense Systems will install its Typhoon Mk30-C naval gun systems on board an undisclosed Asian navy’s vessels.
Italy has revealed details of a new programme to develop a naval vessel designed to act as a mothership for uncrewed systems.
OSI’s solutions are used by a number of NATO allies.
Bangladeshi shipbuilding is being kept relatively busy with naval projects such as multiple landing craft and patrol boats, plus a new submarine base is under construction.