Mentioned:
Red Cat Holdings has been on the leading edge of aerial hardware for defense and security. Now, they’re coming to the seas next.
What’s happening:
- Red Cat Holdings (NASDAQ: RCAT) has officially announced they are going to begin producing unmanned surface vessels for defense purposes
Why it matters:
- This is the first time ever that Red Cat Holdings has ventured into producing hardware outside of aerial drones
Going deeper:
- Red Cat Holdings has publicly stated they have partnered with a prominent global manufacturer of unmanned surface vessels and are developing ships that are capable of working in tandem with their drone hardware and software for combat missions
- The unmanned surface vessels being designed and manufactured by Red Cat Holdings will be purpose built for larger payloads and increased firepower, aiming to be leveraged for both deep-strike missions and anti-ship warfare
- Red Cat has previously landed multiple notable contracts for their aerial drones, including the United States Army Short Range Reconnaissance program contract as well as a deal with the United States Customs and Border Protection
The intrigue:
- Palladyne AI (NASDAQ: PYDN) and Red Cat Holdings just recently made waves when they successfully completed a cross platform collaborative flight that used multiple different types of drones to track ground targets and share information gathered by sensors completely autonomously
