FlightWave, A Red Cat Company, Wins $1.9M Air Force Contract For Upgraded Edge 130 VTOL Capabilities
Portfolio Pulse from Benzinga Newsdesk
FlightWave, a subsidiary of Red Cat Holdings, has secured a $1.9 million contract with the U.S. Air Force to enhance the capabilities of its Edge 130 VTOL drone. This contract signifies a significant business development for Red Cat Holdings.
September 17, 2024 | 12:03 pm
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Red Cat Holdings' subsidiary, FlightWave, has been awarded a $1.9 million contract by the U.S. Air Force to upgrade its Edge 130 VTOL drone capabilities. This contract is a positive development for Red Cat Holdings, potentially boosting its market position and financial performance.
The $1.9 million contract with the U.S. Air Force is a significant win for Red Cat Holdings, as it not only provides immediate revenue but also strengthens its relationship with a major government client. This could lead to further contracts and enhance the company's reputation in the defense sector.
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