Red Cat wins U.S. Army SRR production contract for 5,880 systems

Red Cat Holdings, Inc.

Teal (Red Cat subsidiary) selected as winner of U.S. Army's Short Range Reconnaissance (SRR) Program of Record for its Black Widow sUAS.
Army's stated acquisition objective: 5,880 systems over a 5-year period; subject to change.
Selection based on soldier feedback, technical performance, manufacturability, and cost.
CEO Jeff Thompson: long-term contract enables scaling production and margin improvement.
Contract builds on recent momentum: FlightWave acquisition, ARACHNID family, Red Cat Futures Initiative.

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