Coda Octopus Group, Inc. (CODA), a US-based manufactures and markets patented real-time 3D subsea sonar technology company, Wednesday announced that its Defense Engineering Services division, Coda Octopus Colmek, received two U.S. government orders totaling $1.3 million for proprietary components used in a mission-critical Defense program.
Founded in 1994, Coda Octopus develops advanced underwater imaging and diving technologies, including its Echoscope sonar systems for real-time 3D/4D/5D imaging, widely used in defense, offshore energy, marine construction, and subsea operations. The company's Diver Augmented Vision Display (DAVD) integrates sonar technology for zero-visibility dive operations, revolutionizing commercial and military diving.
Coda Octopus also owns Precision Acoustics Limited, a leader in acoustic sensors and ultrasound technology for medical imaging and non-destructive testing (NDT). Additionally, its defense divisions—Coda Octopus Martech (UK) and Coda Octopus Colmek (US)—supply sub-assemblies for long-term defense programs, contributing to multi-year revenue streams.
CODA is currently trading at $6.11 or 1.16% higher on the Nasdaq Capital Market.
For comments and feedback contact: editorial@rttnews.com
Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.