Red Cat Secures $1 Million Contract for its FlightWave Edge 130 Blue
Red Cat Holdings, Inc. (Nasdaq: RCAT) has secured a $1 million contract from the United States Army Communications-Electronics Command (CECOM) for its Edge 130 Blue drones. The contract was obtained through Noble and coordinated by the U.S. Defense Logistics Agency (DLA). This follows Red Cat's acquisition of FlightWave in September 2024, which brought the Edge 130 Blue into its portfolio of unmanned reconnaissance and precision lethal strike systems.
The Edge 130 Blue is a UAS-certified military-grade tricopter designed for long-range mapping, inspection, surveillance, and reconnaissance. Key features include:
- Assembly and hand-launch in one minute by a single user
- Weight of 1200g
- 60+ minute flight time in forward mode
- Industry-leading endurance among Blue UAS-approved drones
Red Cat CEO Jeff Thompson expressed commitment to supporting the U.S. Army's modernization strategy and transformation into a multi-domain force.
Red Cat Holdings, Inc. (Nasdaq: RCAT) ha ottenuto un contratto di 1 milione di dollari dal Comando delle Comunicazioni e Elettronica dell'Esercito degli Stati Uniti (CECOM) per i suoi droni Edge 130 Blue. Il contratto è stato ottenuto tramite Noble e coordinato dalla Defense Logistics Agency (DLA) degli Stati Uniti. Questo arriva dopo l'acquisizione di FlightWave da parte di Red Cat nel settembre 2024, che ha portato l'Edge 130 Blue nel suo portafoglio di sistemi di ricognizione senza pilota e di colpi letali di precisione.
L'Edge 130 Blue è un tricoptero militare di grado UAS certificato progettato per mappatura a lungo raggio, ispezione, sorveglianza e ricognizione. Le caratteristiche principali includono:
- Assemblaggio e lancio a mano in un minuto da un singolo operatore
- Peso di 1200g
- Tempo di volo di oltre 60 minuti in modalità avanzata
- Durata leader nel settore tra i droni approvati Blue UAS
Il CEO di Red Cat, Jeff Thompson, ha espresso il suo impegno nel supportare la strategia di modernizzazione dell'Esercito statunitense e la trasformazione in una forza multi-domenio.
Red Cat Holdings, Inc. (Nasdaq: RCAT) ha asegurado un contrato de 1 millón de dólares del Comando de Comunicaciones y Electrónica del Ejército de los Estados Unidos (CECOM) para sus drones Edge 130 Blue. El contrato se obtuvo a través de Noble y fue coordinado por la Agencia de Logística de Defensa (DLA) de los EE. UU. Esto sigue a la adquisición de FlightWave por parte de Red Cat en septiembre de 2024, que incorporó el Edge 130 Blue a su cartera de sistemas de reconocimiento no tripulado y ataque letal de precisión.
El Edge 130 Blue es un tricóptero de grado militar certificado por UAS diseñado para mapeo de largo alcance, inspección, vigilancia y reconocimiento. Las características clave incluyen:
- Ensamblaje y lanzamiento a mano en un minuto por un solo usuario
- Peso de 1200g
- Tiempo de vuelo de más de 60 minutos en modo avanzado
- Duración líder en la industria entre los drones aprobados por Blue UAS
El CEO de Red Cat, Jeff Thompson, expresó su compromiso de apoyar la estrategia de modernización del Ejército de EE. UU. y su transformación en una fuerza de múltiples dominios.
Red Cat Holdings, Inc. (Nasdaq: RCAT)는 미국 육군 통신 전자 사령부 (CECOM)로부터 100만 달러 계약을 확보했습니다. 계약은 Noble을 통해 체결되었으며, 미국 방위 물류국 (DLA)에서 조정했습니다. 이는 Red Cat이 2024년 9월에 FlightWave를 인수한 후, Edge 130 Blue를 무인 정찰 및 정밀 치명적 공격 시스템 포트폴리오에 추가한 것입니다.
Edge 130 Blue는 장거리 매핑, 검사, 감시 및 정찰을 위한 UAS 인증 군용 트리콥터입니다. 주요 특징으로는:
- 혼자서 1분 안에 조립 및 수동 발사 가능
- 무게 1200g
- 정방향 모드에서 60분 이상의 비행 시간
- Blue UAS 승인 드론 중 업계를 선도하는 내구성
Red Cat의 CEO인 Jeff Thompson은 미국 육군의 현대화 전략과 다영역 전력으로의 변혁을 지원하겠다는 의지를 밝혔습니다.
Red Cat Holdings, Inc. (Nasdaq: RCAT) a obtenu un contrat d'un million de dollars de la Commande des Communications et de l'Électronique de l'Armée des États-Unis (CECOM) pour ses drones Edge 130 Blue. Le contrat a été obtenu par l'intermédiaire de Noble et coordonné par l'Agence des Logistiques de Défense (DLA) des États-Unis. Cela fait suite à l'acquisition de FlightWave par Red Cat en septembre 2024, qui a intégré l'Edge 130 Blue dans son portefeuille de systèmes de reconnaissance sans pilote et de frappes létales de précision.
L'Edge 130 Blue est un tricoptère de grade militaire certifié UAS, conçu pour la cartographie à longue portée, l'inspection, la surveillance et la reconnaissance. Ses caractéristiques principales incluent :
- Assemblage et lancement à la main en une minute par un utilisateur unique
- Poid de 1200g
- Temps de vol de plus de 60 minutes en mode avant
- Autonomie leader du secteur parmi les drones approuvés par Blue UAS
Le PDG de Red Cat, Jeff Thompson, a exprimé son engagement à soutenir la stratégie de modernisation de l'Armée américaine et sa transformation en une force multi-domaines.
Red Cat Holdings, Inc. (Nasdaq: RCAT) hat einen Vertrag über 1 Million Dollar vom US Army Communications-Electronics Command (CECOM) für seine Edge 130 Blue-Drohnen gesichert. Der Vertrag wurde über Noble abgeschlossen und von der Defence Logistics Agency (DLA) der USA koordiniert. Dies folgt auf Red Cats Übernahme von FlightWave im September 2024, wodurch die Edge 130 Blue in ihr Portfolio unbemannter Aufklärungs- und präziser Tötungsangriffssysteme aufgenommen wurde.
Die Edge 130 Blue ist ein UAS-zertifizierter Militär-Tricopter, der für langfristige Kartierung, Inspektion, Überwachung und Aufklärung entwickelt wurde. Zu den Hauptmerkmalen gehören:
- Zusammenbau und Handstart in einer Minute durch einen einzelnen Benutzer
- Gewicht von 1200g
- Über 60 Minuten Flugzeit im Vorwärtsmodus
- Branchenführende Ausdauer unter Blue UAS-zugelassenen Drohnen
Red Cat CEO Jeff Thompson äußerte sein Engagement zur Unterstützung der Modernisierungsstrategie der US Army und deren Transformation in eine Multi-Domain-Truppe.
- Secured a $1 million contract with the U.S. Army CECOM
- Acquisition of FlightWave expands Red Cat's drone portfolio
- Edge 130 Blue drone offers 60+ minute flight time and quick deployment
- Establishes relationship with U.S. Army, potentially leading to future contracts
- None.
Insights
The
The contract's value, while modest in absolute terms, is substantial for a company of Red Cat's size, potentially representing
However, the defense contracting landscape is highly competitive and Red Cat will need to consistently innovate to maintain its edge. The recent TACFI award for advanced enhancements is a positive sign, but continued R&D investment will be important for long-term success in this sector.
This contract represents a positive development for Red Cat, potentially boosting investor confidence in the company's growth trajectory. The
Investors should consider the following financial implications:
- Revenue Impact: This contract could contribute approximately
0.34% to Red Cat's market capitalization, indicating potential for meaningful revenue growth. - Margin Potential: Military contracts often carry higher margins than commercial sales, which could positively impact profitability.
- Future Growth: This initial contract may lead to larger orders and expanded relationships within the defense sector, providing a runway for sustained growth.
However, it's important to monitor Red Cat's ability to deliver on this contract and secure follow-on orders. The company's financial health and capacity to scale production will be key factors in capitalizing on this opportunity and translating it into long-term shareholder value.
Company establishes relationship with the United States Army Communications-Electronics Command
SAN JUAN, Puerto Rico, Oct. 15, 2024 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (Nasdaq: RCAT) (“Red Cat”), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, today announced it secured a
FlightWave, an industry-leading provider of VTOL drone, sensor and software solutions was acquired by Red Cat in September 2024. The acquisition brings FlightWave’s flagship drone, the Edge 130 Blue into its family of low-cost, portable unmanned reconnaissance and precision lethal strike systems. FlightWave’s size, weight and vertical take off capabilities makes it ideal for maritime operations and littoral environments. FlightWave’s recent TACFI award will accelerate advanced enhancements to the Edge 130 Blue.
“It is great to deepen our relationship with the U.S. Army and to be part of CECOM’s mission to deliver C5ISR systems that enable full spectrum combat operations at the point of need,” said Jeff Thompson, Red Cat CEO. “We are committed to supporting the U.S. Army’s modernization strategy and transformation into a multi-domain force where small, portable unmanned aerial systems like the Edge 130 play an increasing role in conducting intelligence, maneuver, and strike activities across multiple battlefield formations.”
The Edge 130 Blue is a UAS-certified military-grade tricopter for long-range mapping, inspection, surveillance, and reconnaissance needs. Designed specifically for government and military applications, the Edge 130 Blue can be assembled and hand-launched in just one minute by a single user to capture high-accuracy aerial imagery with medium-range autonomy. Weighing in at only 1200g, the Edge has a 60+ minute flight time in forward mode, an industry-leading endurance among all other Blue UAS-approved drones available.
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 bleeding-edge Family of ISR and Precision Strike Systems including the Teal 2, a small unmanned system offering the highest-resolution thermal imaging in its class, the Edge 130 Blue Tricopter 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
This press release contains "forward-looking statements" that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as "anticipate," "believe," "contemplate," "could," "estimate," "expect," "intend," "seek," "may," "might," "plan," "potential," "predict," "project," "target," "aim," "should," "will" "would," or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on Red Cat Holdings, Inc.'s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully in the section titled "Risk Factors" in the Form 10-K filed with the Securities and Exchange Commission on July 27, 2023. Forward-looking statements contained in this announcement are made as of this date, and Red Cat Holdings, Inc. undertakes no duty to update such information except as required under applicable law.
Contact:
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