Kraken Robotics is a buy paper – Geopolitical tensions are putting a damper on the growth rocket of the defense industry

The order books of the Canadian Kraken Robotics are swelling at the same time as the tensions in international politics tighten. Analysts consider the company’s underwater sonar to be superior to its competitors.

Russia’s war of aggression against Ukraine has irrevocably changed the basic pillars of the international system. There is no more information about the atmosphere of collective letdown of the defense forces that prevailed before the war. The Stockholm International Peace Research Institute estimates that defense spending in 2023 increased by 6.8 percent in real terms from 2022.

Source: www.arvopaperi.fi