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Red Cat wins U.S. Army next-gen drone contract over Skydio
- Red Cat Holdings announced this week that it won the US Army’s Short Range Reconnaissance (SRR) program contract, valued at $99.8m with a base year value of $22m.
- The contract is for the acquisition of 5,880 systems over five years, and replaces Skydio who won the contract in 2020.
- Red Cat’s Black Widow drone won the bid with advanced capabilities, forward-looking obstacle-avoidance, and the integrated FLIR Prism AI software stack.
- Red Cat provides integrated robotic hardware and software for military, government, and commercial operations through its Teal Drones and FlightWave Aerospace Systems subsidiaries.
- Part of Red Cat’s ARACHNID family of systems, the drones are purpose-built for electronic warfare operations and modular architecture enables swift adaptation to requirements.
- Red Cat said its system is designed for the warfighter, manufactured in the US and intended to increase survivability and warfighter safety.
- Skydio also announced that it raised $170 million in a series E extension round, adding to the $230 million it raised last year.
- Red Cat believes that the SRR contract selection builds on momentum from its recent acquisition of FlightWave, the announcement of the ARACHNID line, and the creation of the Red Cat Futures Initiative.
- The US Army awarded the contract based on solider feedback, technical performance, volume manufacturability, and system cost.
- Red Cat said it is preparing to meet increased demand across the rest of the US Department of Defense, the federal government, and allied countries.
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