There is $RCAT (+0.59%) what does it take drone shield.
Red Cat Holdings Inc. is a Puerto Rico-based provider of products, services and solutions for the drone industry. The company provides its services to the corporate, military and consumer markets. It designs, develops, markets and sells drone software and products.
Red Cat Holdings Inc (NASDAQ: RCAT) made headlines despite disappointing quarterly figures: The drone specialist's shares rose by a whopping 26% in yesterday's trading before correcting by 15% after the quarterly report was presented. The reason for investors' continued hope lies in the forward-looking strategic partnerships and the clear focus on the defense market.
1st major contract from the US Army - SRR program
The Black Widow was selected as the winner of the US Army's Short-Range Reconnaissance (SRR) program. Its revolutionary features position it as an indispensable tool on the battlefield:
- GPS-independent navigation: working with Palantir (NASDAQ: PLTR), the drone integrates AI-powered visualization for GPS-free operational capability in dynamic environments.
- Resistance to electronic warfare - a decisive advantage in modern conflict scenarios.
The SRR program alone offers a revenue potential of several billion USD. The Palantir integration generates additional revenue through high-priced software solutions and is expected to lead to a significant increase in margins.
