Red Cat Announces A New Contract And Order For 12 Of Its FlightWave Edge 130 Blue System From The Royal Australian Navy
Portfolio Pulse from Benzinga Newsdesk
Red Cat Holdings, Inc. (NASDAQ:RCAT) has secured a contract with the Royal Australian Navy for 12 FlightWave Edge 130 Blue systems, facilitated by Criterion Solutions Pty Ltd. This highlights Red Cat's expansion in military drone technology.
October 28, 2024 | 7:52 pm
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Red Cat Holdings has secured a contract with the Royal Australian Navy for 12 FlightWave Edge 130 Blue systems, indicating growth in its military drone segment.
The contract with the Royal Australian Navy for 12 FlightWave Edge 130 Blue systems suggests a positive impact on Red Cat's business, particularly in the military sector. This could lead to increased revenue and market presence, boosting investor confidence.
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