a Octopus (US:CODA) Newsfilter·2025-03-26 11:00Core Viewpoint - Coda Octopus Group, Inc. has received two orders totaling $1.3 million from the US Government for proprietary parts used in a critical Defense program, indicating a positive trend in easing delays in U.S. Defense Programs since fiscal year 2024 [1][2]. Company Overview - Coda Octopus Group, founded in 1994, specializes in advanced underwater technologies, providing hardware and software solutions including 4D/5D/6D imaging sonars like Echoscope® and Echoscope PIPE® [3]. - The company also offers the Diver Augmented Vision Display (DAVD) system, which enhances diving operations by integrating sonar technology for use in zero visibility conditions [4]. Recent Developments - The recent orders from the US Government are significant as they are contracted directly with Coda Octopus, potentially leading to more direct contract opportunities [2]. - The Engineering Business aims to restore its revenue to pre-COVID levels of $10 million, supported by increasing programs for proprietary sub-components and tactical mission computers [2]. Acquisitions and Expansion - Coda Octopus recently acquired Precision Acoustics Limited, a leader in ultrasound and acoustic measurement, enhancing its capabilities in medical imaging and Non-Destructive Testing (NDT) [5]. - The company operates two defense engineering businesses, Coda Octopus Martech Ltd and Coda Octopus Colmek, which supply sub-assemblies for broader mission-critical programs, contributing to a long-tail recurring revenue profile [6].