NasdaqCM:RCATAerospace & Defense
Red Cat Holdings (RCAT) Is Down 11.8% After Pentagon Drone Finalist Nod and Quaze Deal Progress
Recently, Red Cat Holdings announced a US$742,000 U.S. Army contract for Black Widow drones with AI landmine-detection software and advanced further in Pentagon drone programs, while also closing its Quaze Technologies acquisition and ramping Blue Ops’ Variant 7 uncrewed surface vessels.
These developments highlight Red Cat’s expanding role across aerial, maritime and wireless power technologies as the U.S. pushes to strengthen domestic drone manufacturing under a US$1.10 billion Pentagon...