Mentioned:
The Japanese Army is pouring fresh funding into drone systems. Which is exactly why they’ve just cut a new deal with a publicly traded company in America.
What’s happening:
- Red Cat Holdings (NASDAQ: RCAT) has won a new contract from the Japanese Army to supply them with 173 Black Widow drone systems
Why it matters:
- This is the first time ever that Red Cat Holdings has sold their drone systems to the Japanese Army
Going deeper:
- Red Cat Holdings has publicly stated that they will provide the Japanese Army with 173 Black Widow small unmanned aircraft systems with each individual system containing two aircraft and mission critical components
- The Japanese Army has also struck a concurrent deal with Red Cat Holdings to collaborate on training support
The intrigue:
- Red Cat Holdings just recently made waves when they acquired California based software company Apium Swarm Robotics who develops proprietary control systems to enable large amounts of drones to operate together autonomously
