The Globe and Mail reports in its Friday, Sept. 12, edition that National Bank Financial analyst John Shao has reaffirmed his "outperform" recommendation for Kraken Robotics. The Globe's David Leeder writes that Mr. Shao hiked his share target by a loonie to $5. Analysts on average target the shares at $4.39. Mr. Shao thinks Kraken Robotics' "growth tailwind" just got "another boost" through a contract win for its biggest customer. The Royal Australian Navy has awarded Anduril Industries a $1.56-billion contract to develop and support a fleet of Ghost Shark Extra Large Autonomous Underwater Vehicles over the next five years. Kraken supplies essential subsea batteries to Anduril. Mr. Shao says in a note: "Within three years, Anduril has turned prototype into fleet, which is a milestone for this defence company. Due to the tight integration, we expect Anduril to carry forward its partnership with Kraken Robotics into this new contract, and thus we expect Kraken to remain as an important battery supplier for Anduril going forward. ... Capacity-wise, Anduril's new AUV contract also is in sync with Kraken's new battery facility in Halifax. This facility is on schedule to open in late September or early October."