Red Cat wins U.S. Army next-gen drone contract over Skydio [Video]

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 this time around with its X10D drone, the Army said Red Cat’s system was more aligned with its requirements. 

“This is a powerful moment in time, coming after five years of blood, sweat, and tears put into SRR by our incredible team” stated George Matus, chief technology officer of Red Cat and founder of Teal, a subsidiary of Red Cat. “The long-awaited production selection marks a new era for our company and the future …