Red Cat Announces Production Selection for U.S. Army Short Range Reconnaissance Program
Red Cat Holdings (RCAT) has been selected as the winner of the U.S. Army's Short Range Reconnaissance (SRR) Program of Record. The selection follows a comprehensive evaluation of Teal's next generation sUAS, the Black Widow and WEB systems. The Army's current acquisition objective is 5,880 systems over a 5-year performance period. The selection was based on soldier feedback, technical performance, volume manufacturability, and system cost. This achievement follows Red Cat's recent acquisition of FlightWave Aerospace and the announcement of the ARACHNID™ family of systems.
Red Cat Holdings (RCAT) è stata selezionata come vincitrice del Programma di Registrazione di Ricognizione a Breve Raggio (SRR) dell'Esercito degli Stati Uniti. Questa selezione segue una valutazione approfondita dei sistemi sUAS di nuova generazione di Teal, Black Widow e WEB. L'obiettivo attuale di acquisizione dell'Esercito è 5.880 sistemi nell'arco di un periodo di prestazione di 5 anni. La selezione si è basata sul feedback dei soldati, sulle performance tecniche, sulla capacità di produzione in volume e sui costi del sistema. Questo risultato segue la recente acquisizione di FlightWave Aerospace da parte di Red Cat e l'annuncio della famiglia di sistemi ARACHNID™.
Red Cat Holdings (RCAT) ha sido seleccionada como la ganadora del Programa de Registro de Reconocimiento de Corta Distancia (SRR) del Ejército de EE.UU. La selección sigue a una evaluación integral de la próxima generación de sUAS de Teal, los sistemas Black Widow y WEB. El objetivo actual de adquisición del Ejército es 5,880 sistemas durante un período de rendimiento de 5 años. La selección se basó en la retroalimentación de los soldados, el rendimiento técnico, la capacidad de fabricación en volumen y el costo del sistema. Este logro sigue a la reciente adquisición de FlightWave Aerospace por parte de Red Cat y el anuncio de la familia de sistemas ARACHNID™.
레드 캣 홀딩스(RCAT)가 미국 육군의 단거리 정찰(SRR) 기록 프로그램의 수상자로 선정되었습니다. 이번 선정은 테일의 차세대 sUAS인 블랙 위도우 및 WEB 시스템에 대한 종합 평가를 바탕으로 이루어졌습니다. 육군의 현재 조달 목표는 5년 성과 기간 동안 5,880 시스템입니다. 선정은 군인들의 피드백, 기술 성능, 대량 생산 가능성 및 시스템 비용을 기준으로 했습니다. 이 성과는 레드 캣이 FlightWave Aerospace를 최근 인수한 것과 ARACHNID™ 시스템 보급 발표에 이어 이루어졌습니다.
Red Cat Holdings (RCAT) a été sélectionnée comme la gagnante du Programme d'Enregistrement de Reconnaissance à Courte Portée (SRR) de l'Armée des États-Unis. Cette sélection fait suite à une évaluation approfondie des systèmes sUAS de nouvelle génération de Teal, les systèmes Black Widow et WEB. L'objectif d'acquisition actuel de l'armée est de 5 880 systèmes sur une période de performance de 5 ans. La sélection a été basée sur les retours des soldats, les performances techniques, la capacité de fabrication en volume et le coût du système. Ce succès intervient après l'acquisition récente de FlightWave Aerospace par Red Cat et l'annonce de la famille de systèmes ARACHNID™.
Red Cat Holdings (RCAT) wurde als Gewinner des Kurzstreckenaufklärungsprogramms (SRR) der US-Armee ausgewählt. Diese Auswahl folgt einer umfassenden Bewertung von Teals nächster Generation sUAS, den Black Widow- und WEB-Systemen. Das aktuelle Beschaffungsziel der Armee beträgt 5.880 Systeme über einen Leistungszeitraum von 5 Jahren. Die Auswahl basierte auf dem Feedback der Soldaten, der technischen Leistung, der Serienfertigungsfähigkeit und den Systemkosten. Dieser Erfolg folgt auf die jüngste Übernahme von FlightWave Aerospace durch Red Cat und die Ankündigung der ARACHNID™-Systemfamilie.
- Won major U.S. Army contract for Short Range Reconnaissance Program
- Potential order of 5,880 systems over 5 years
- Long-term contract enables continuous product improvement and production scaling
- Opportunity for additional sales to U.S. DoD, federal government, and allied countries
- None.
Insights
The U.S. Army's selection of Red Cat's Teal system for the Short Range Reconnaissance Program represents a major milestone with significant revenue implications. The initial acquisition objective of
The selection followed rigorous evaluation focusing on soldier feedback, technical performance, manufacturing scalability and cost-effectiveness. The Black Widow system's capabilities in Intelligence Surveillance & Reconnaissance (ISR) align with evolving battlefield requirements. This win validates Red Cat's technology and manufacturing capabilities, potentially leading to expanded market opportunities in both military and civilian sectors.
The production ramp-up requirements for 5,880 systems present both opportunities and challenges. Key focus areas include:
- Supply chain optimization for consistent component availability
- Manufacturing process scalability to meet delivery schedules
- Quality control systems to maintain military specifications
Red Cat’s next generation Teal system will be the Army’s Program of Record SRR sUAS, concluding the rigorous, multi-tranche competitive process
SAN JUAN, Puerto Rico, Nov. 19, 2024 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (Nasdaq: RCAT) (“Red Cat”), a leading American drone technology company, has been selected as the winner of the U.S. Army’s Short Range Reconnaissance (SRR) Program of Record. The production selection was made after a test and evaluation process of Teal’s next generation sUAS, completed by the Army Project Management Office for Uncrewed Aircraft Systems, Army Maneuver Battle Lab, Army Test and Evaluation Command, and Army Operational Test Center.
“This is a powerful moment in time, coming after five years of blood, sweat, and tears put into SRR by our incredible team. The long-awaited production selection marks a new era for our company and the future of American drones,” said George Matus, founder of Teal and CTO of Red Cat. “We were selected based on soldier feedback, technical performance, volume manufacturability, and system cost. Our top priority now is to start ramping production of the next generation system, recently announced as the Black Widow and WEB, and give warfighters the tools they need to be successful on the modern battlefield.”
“Warfare has undergone a dramatic transformation over the past two years, with a significant shift towards drone technology, exemplified by the SRR Black Widow. It is an honor to support the U.S. Army by delivering the Black Widow to our warfighters. We believe this advanced technology will enable the Army to shape the battlefield, save soldiers’ lives, and serve as a powerful tool in their arsenal,” said Jeff Thompson, CEO of Red Cat. “This long-term contract will give us the capability to continue to improve the Black Widow, scale production and improve margins.”
“Both the operational and tactical levels of war and maneuver of combat elements have evolved significantly over the past couple of years,” said Paul Edward Funk II, retired Four-Star Army General and Red Cat board member. “Operational success today depends on the ability to seamlessly move data across the battlefield. From a tactical perspective, small unmanned aerial systems that are rucksack portable are playing a vital role in Intelligence Surveillance & Reconnaissance, as well as surgical strike capabilities based on the real-time needs of the warfighter.”
The SRR contract selection builds on significant momentum for Red Cat, with the acquisition of FlightWave Aerospace, the announcement of the ARACHNID™ family of systems, and the creation of the Red Cat Futures Initiative. The company is focused on ramping production of Teal’s next generation system to meet the Army’s currently stated acquisition objective for 5,880 systems, which is subject to change over the 5 year period of performance. Red Cat is also preparing to meet increased demand across the rest of the U.S. DoD, federal government, and allied countries, to support operators and warfighters globally.
For more information about Red Cat and the U.S. Army’s Short-Range Reconnaissance Program of Record, please visit www.redcat.red.
About Red Cat, Inc.
Red Cat (Nasdaq: RCAT) is a drone technology company integrating robotic hardware and software for military, government, and commercial operations. Through two wholly owned subsidiaries, Teal Drones and FlightWave Aerospace, Red Cat has developed a leading-edge Family of Systems including the flagship Black Widow™, a small unmanned system offering the most advanced capabilities in its class, TRICHON™ fixed wing VTOL for extended endurance and range, and FANG™, the industry's first line of NDAA compliant FPV drones optimized for military operations with precision strike capabilities. Learn more at www.redcat.red.
Forward-Looking Statements
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FAQ
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