Stock Track | Red Cat Holdings Soars 5.10% Intraday on NATO Ally Drone Contract Win

Stock Track04-02 22:47

Red Cat Holdings Inc. (RCAT) saw its stock price soar 5.10% during intraday trading on Thursday.

The surge followed the company's announcement that it secured a new contract from a NATO ally for its Black Widow small unmanned aircraft systems (sUAS). The order was won through a competitive tender facilitated by the NATO Support and Procurement Agency (NSPA), with delivery of an undisclosed number of systems scheduled for 2026.

Each system includes two Black Widow aircraft, a ground control station, and related mission-critical components. The platform is designed for tactical intelligence, surveillance, and reconnaissance missions and is built in the United States, complying with National Defense Authorization Act supply-chain requirements.

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