Mentioned:
There’s a new line of American made drones for military purposes. And Red Cat Holdings is behind it.
What’s happening:
- Red Cat Holdings (NASDAQ: RCAT) has launched a new line of First Person View drones known as FANG
Why it matters:
- Red Cat Holdings’ new FANG line of drones are entirely produced in the United States and are fully compliant with new federal policy changes for purchasing drones that are domestically manufactured
Going deeper:
- A United States military lab program originally incubated the research for Red Cat Holdings’ new FANG line of drones and they are purpose built for both training simulations and tactical missions
- Red Cat Holdings has been aggressively making moves to expand the distribution of their defense hardware and technology globally, including notably winning an approval for their Black Widow System to be added to the NATO Support and Procurement Agency catalogue
