• Red Cat Holdings announced its Teal Drones subsidiary received a $2.49 million firm-fixed-price contract from the U.S. Air Force for Black Widow small unmanned aircraft systems, training, and support.
  • The contract will fund a technical and operational assessment of the Black Widow as a potential successor to the Air Force Security Forces' current Teal 2 fleet.
  • This significant contract represents a direct catalyst for today's 5.3% stock increase to $7.09, overshadowing previous analyst concerns.