Red Cat Subsidiary Teal Drones Secures $1.2M Additional Funding For U.S. Army's Short Range Reconnaissance Program
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Red Cat Holdings' subsidiary, Teal Drones, has secured an additional $1.2 million in funding for the U.S. Army's Short Range Reconnaissance (SRR) program. This brings the total funding for Teal's participation to $2.7 million. Teal is one of three vendors competing in the final tranche of the SRR program. The winning vendor will produce a rucksack-portable sUAS to provide Army platoons with a rapidly deployable surveillance and reconnaissance capability.
June 28, 2023 | 12:47 pm
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Red Cat Holdings' subsidiary, Teal Drones, has secured additional funding for the U.S. Army's SRR program, potentially increasing the company's revenue and enhancing its reputation in the military technology sector.
The additional funding secured by Teal Drones for the SRR program could lead to increased revenues for Red Cat Holdings. Furthermore, being one of the three vendors competing in the final tranche of the program could enhance the company's reputation in the military technology sector, potentially attracting more contracts in the future.
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