Teal Drones receives $9.5M in U.S. Army orders

On May 8, 2026, Teal Drones, Inc., a wholly owned subsidiary of Red Cat Holdings Inc. (NASDAQ: RCAT)., received a $9.5 million purchase order for additional units under the U.S. Army’s Short Range Reconnaissance Program of Record. The units are expected to be delivered in the second quarter of 2026.

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