Red Cat Holdings

New Capabilities

Army Short Range Reconnaissance contractor; Gauntlet competitor

The Pentagon spent $398 million on small drones in 2022. Four years later, as Ukraine demonstrated that $400 drones could destroy $10 million tanks, Congress authorized $1.7 billion—a fourfold increase. Now the Department of Defense has launched its most ambitious small-drone initiative ever: a $1.1 billion program to field more than 300,000 one-way attack drones by 2028, with the first 30,000 expected by mid-2026.

Updated May 26