Construction
Gecko Robotics said the US Navy and General Services Administration added $300 million to its ship-inspection contract, quadrupling the contract's maximum value six months after the initial $71 million award.
A dated step forward on the record · Company-reported · Sets Gecko inspection robots (TOKA)'s stage
What the source says
“Gecko Robotics this week said it has earned an additional $300 million its contract with the U.S. Navy and General Services Administration.”
What it means
Gecko inspection robots (TOKA), from Gecko Robotics, is at stage 4 of 5 on our ladder: paying customers. This event is one of the milestones that placed it there. This line rests on the company's own announcement; no regulator, customer or independent report confirms it in our sources yet.
Human help: The maker hasn't said whether people help it remotely.
More on Gecko inspection robots (TOKA)
- The US Navy and the General Services Administration gave Gecko a contract worth up to $71 million to inspect 18 Pacific Fleet warships over five years.
- Under the Navy deal, Gecko's wall-climbing robots, drones and sensors scan warships for structural problems.
- Gecko raised $125 million at a $1.25 billion valuation. CNBC named the US Navy, L3Harris and Abu Dhabi National Oil Company as places its robots work.
- Gecko raised $73 million. Its TOKA 3 robot is used on medium-sized pipes and hot surfaces, and the TOKA 4 on boiler walls and curved surfaces.