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Red Cat wins U.S. Army next-gen drone contract over Skydio #BusinessFinancing #CreditRepair #PersonalFinance #SmallBusiness #Success

Summary by startupbusinessready.com
Red Cat Holdings Inc. this week announced that it won the U.S. Army’s Short Range Reconnaissance, or SRR, program of record contract. The company replaced Skydio on this contract. The U.S. Army set an initial acquisition target of 5,880 systems over a five-year period.  Skydio first earned this contract in 2021. At the time, it was valued at $99.8 million with a base year value of $20.2 million. While the company did compete for the contract thi…
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