Kraken Technology Group (KTG) has signed a memorandum of understanding (MoU) with Thales to continue developing and supplying of systems for Kraken K50 platform. 

Under this agreement, the companies will work together to develop composite high-performance craft along with electric and advanced hybrid powertrain solutions.

Kraken’s maritime precision engagement craft has been designed to provide modularity and operational capability for modern green-water security missions.

Associated work will be carried out at a new advanced engineering and technology centre.

Kraken Technology founder and CEO Mal Crease said: “We are exceptionally pleased to be teaming with one of the well-respected names in defence and security industry and looking forward to working together to address growing requirement for advanced powertrain and modular composite structure solutions for precision engagement sector.”

In addition, Thales will deliver integration capabilities for various sensor and weapons equipment, with adaptable command-and-control, communication and networking systems.

Thales has also pitched its lightweight multi-role missile (LMM) for integration onto K50.

Also called Martlet, the LMM has demonstrable capability in surface attack and air defence and can defeat a wide variety of threats such as fast inshore attack craft (FIAC), uncrewed aerial vehicles (UAVs) and fast jets.

Thales will perform this integration in collaboration with its industry partner MSI-Defence Systems, who is developing another lightweight launcher similar to LMM.

Thales business development executive Ivor Humphrey said: “This arrangement exemplifies Thales’ approach to partnerships and building relationships, working with unique platform capabilities to enhance offering and choices for end user.”

In April, the company received additional investments for the development of K50 maritime platform.