Red Cat (RCAT) announced that the Black Widow System, developed by its subsidiary Teal Drones, has been approved and added to the NATO Support and Procurement Agency catalogue. This designation enables NATO member nations and eligible partners to procure the Black Widow through NSPA-managed channels, including direct catalogue ordering and sponsored tenders.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RCAT:
- Red Cat announces launch of newest division, Blue Ops
- Berkshire takes stake in UnitedHealth, Sandisk reports Q4 beat; Morning Buzz
- FuzzyPanda Research short Red Cat after ‘finally’ getting Army contract
- Red Cat price target raised to $16 from $15 at Northland
- Red Cat reports Q2 EPS (15c), consensus (12c)