Red Cat Secures $1.6M In Contracts For Edge 130 Blue Drones, FlightWave's Blue UAS Approved Military-grade Tricopter To The U.S. Customs & Border Protection
Portfolio Pulse from Benzinga Newsdesk
Red Cat Holdings has secured $1.6 million in contracts for its Edge 130 Blue drones, which are military-grade tricopters approved for use by the U.S. Customs & Border Protection. The contract was facilitated by Darley and coordinated by the U.S. Defense Logistics Agency.
October 08, 2024 | 11:05 am
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Red Cat Holdings has secured a $1.6 million contract for its Edge 130 Blue drones with the U.S. Customs & Border Protection, facilitated by Darley and the U.S. Defense Logistics Agency.
The $1.6 million contract for Edge 130 Blue drones represents a significant revenue opportunity for Red Cat Holdings. The involvement of the U.S. Defense Logistics Agency and Darley highlights the credibility and potential for future contracts, likely boosting investor confidence and positively impacting the stock price in the short term.
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