Red Cat Secures New Orders for Black Widow™ Drones from NATO Ally

Red Cat (Nasdaq: RCAT) said a NATO ally selected its Black Widow sUAS in March 2026 via a competitive tender, with delivery of an undisclosed number of systems scheduled during calendar year 2026.

Rhea-AI Summary

Red Cat (Nasdaq: RCAT) said a NATO ally selected its Black Widow sUAS in March 2026 via a competitive tender, with delivery of an undisclosed number of systems scheduled during calendar year 2026.

Each system includes two aircraft, a ground control station, and mission-critical components; the platform is built in the U.S. and NDAA-compliant.

Positive

• NATO ally selection of Black Widow in March 2026
• Delivery scheduled during calendar year 2026
• NDAA-compliant and built in the U.S.
• Each system includes two aircraft plus ground control station

Negative

• Order size undisclosed, limiting investor visibility
• No contract value disclosed, preventing revenue impact assessment

Argus Apr 2 session

+6.50% close to close Open Argus

Details

News Market Reaction – RCAT

On Apr 2, the day this news came out, RCAT closed 6.50% above the previous close.

Data tracked by StockTitan Argus for the Apr 2 session.

Key Figures

Aircraft per system: 2 Black Widow aircraft Delivery timeframe: Calendar year 2026

Aircraft per system

2 Black Widow aircraft

Each system in the NATO ally order

Delivery timeframe

Calendar year 2026

Scheduled delivery of ordered Black Widow systems

Historical Context

5 past events · Latest: Mar 30

5 events

1. Mar 30

   Apium acquisition

   24h Move

   -8.6%

   Closed acquisition of Apium Swarm Robotics to expand swarm autonomy capabilities.

2. Mar 30

   Ukraine partnership

   24h Move

   -8.6%

   Strategic partnership with Ukraine’s Spetstechnoexport on multi-domain unmanned systems.

3. Mar 18

   Record revenue

   24h Move

   -11.0%

   Reported record Q4 and 161% full-year revenue growth with expanded capacity.

4. Mar 2

   Futures initiative

   24h Move

   +17.3%

   Allen Control Systems joined Red Cat Futures Initiative for counter-drone integration.

5. Feb 19

   Nasdaq bell event

   24h Move

   +6.2%

   Announcement of ringing Nasdaq Opening Bell ahead of Innovation Day event.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

ground control station, ISR, NATO Support and Procurement Agency (NSPA), National Defense Authorization Act (NDAA), +1 more

5 terms

ground control station technical

"Each system includes two Black Widow aircraft, a ground control station (GCS)..."

A ground control station is the land-based hardware, software and crew that monitor, command and receive data from aircraft, drones, satellites or other remote vehicles. Think of it as the vehicle’s remote control room and radio link—it keeps the asset on course, safe and transmitting useful information. Investors watch ground control systems because they are critical to operational reliability, regulatory approval, maintenance contracts and cybersecurity, which affect revenue and risk.

ISR technical

"delivering reliable ISR at the tactical edge where speed, readiness..."

ISR stands for socially responsible investing (from the French phrase Investissement Socialement Responsable) and means choosing stocks, bonds or funds based on environmental, social and governance criteria in addition to financial return. Like picking a brand that matches your values, ISR matters to investors because it helps align portfolios with personal or institutional priorities, can reduce exposure to companies with regulatory or reputational risks, and can influence demand and valuation for firms deemed more sustainable.

NATO Support and Procurement Agency (NSPA) technical

"The contract was facilitated through NATO Support and Procurement Agency (NSPA)."

NATO Support and Procurement Agency (NSPA) is the centralized buying and logistics arm of NATO that purchases, stores and delivers equipment, services and spare parts for allied militaries — think of it as a large, shared purchasing department for defense needs. For investors, NSPA matters because it can be a steady, often sizable customer for defense suppliers, creating predictable revenue opportunities similar to winning a long-term government contract, while also exposing contractors to competitive bidding and political budget risks.

National Defense Authorization Act (NDAA) regulatory

"Built in the U.S. and compliant with the National Defense Authorization Act (NDAA)..."

An annual federal law that sets the budget, priorities and rules for a country’s military and defense programs. Like a household master plan that decides how much to spend, what to buy and what rules to follow, it matters to investors because it shapes defense contractors’ revenue, government procurement, research funding and regulatory requirements, creating winners and losers across related industries and supply chains.

electronic warfare technical

"where speed, readiness, and electronic warfare resilience are critical..."

Electronic warfare involves using technology to disrupt, deceive, or disable an opponent’s electronic systems, such as communication networks, radar, or navigation signals. It is like jamming or scrambling a radio or GPS to prevent others from receiving clear information. For investors, it matters because advances in electronic warfare can impact military capabilities, influence global security, and affect the stability of markets and technological investments.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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SALT LAKE CITY, April 02, 2026 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (Nasdaq: RCAT), a U.S.-based provider of advanced all-domain drone and robotic solutions for defense and national security, today announced that in March 2026, a NATO ally selected its Black Widow™ sUAS on a competitive tender, with delivery of an undisclosed number of systems scheduled for delivery during calendar year 2026. The contract was facilitated through NATO Support and Procurement Agency (NSPA).

Each system includes two Black Widow aircraft, a ground control station (GCS), and other mission-critical components.

“This contract reflects a broader shift toward systems that can move quickly from procurement to deployment,” said Jeff Thompson, CEO of Red Cat. “NATO allies need platforms that are deployable today for use in contested environments, built on secure U.S. supply chains, and able to be manufactured and fielded at scale. Black Widow is designed for that reality, delivering reliable ISR at the tactical edge where speed, readiness, and electronic warfare resilience are critical to mission success.”

The Black Widow™ is Red Cat’s flagship small, unmanned aircraft system (sUAS), engineered for tactical edge ISR missions with a compact, rugged design and secure communications architecture. Built in the U.S. and compliant with the National Defense Authorization Act (NDAA), the platform is a key part of Red Cat’s Family of Systems, offering modular, scalable solutions across multiple operational domains.

About Red Cat Holdings, Inc.
Red Cat (Nasdaq: RCAT) is a U.S.-based provider of advanced all-domain drone and robotic solutions for defense and national security. Through its wholly owned subsidiaries, Teal Drones and FlightWave Aerospace, Red Cat develops American-made hardware and software that support military, government, and public safety operations across air, land, and sea. Its Family of Systems, led by Black Widow™, delivers unmatched tactical capabilities in small, unmanned aircraft systems (sUAS). Expanding into the maritime domain through Blue Ops, Inc., Red Cat is also innovating in uncrewed surface vessels (USVs), delivering integrated platforms designed to enhance safety and multi-domain mission effectiveness. Learn more at www.redcat.red.

Forward Looking Statements
This press release contains "forward-looking statements" that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as "anticipate," "believe," "contemplate," "could," "estimate," "expect," "intend," "seek," "may," "might," "plan," "potential," "predict," "project," "target," "aim," "should," "will" "would," or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Such statements include, but are not limited to, statements relating to our intended use of proceeds from the offering, annual revenue guidance, future manufacturing capacities and future market demand. Forward-looking statements are based on Red Cat Holdings, Inc.'s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully in the section titled "Risk Factors" in the Form 10-KT filed with the Securities and Exchange Commission on March 31, 2025. Forward-looking statements contained in this announcement are made as of this date, and Red Cat Holdings, Inc. undertakes no duty to update such information except as required under applicable law.

Investor Contact:

Ankit Hira
Solebury Strategic Communications for Red Cat Holdings, Inc.
E-mail: RCAT@soleburystrat.com

Media Contact:
Peter Moran
Phone: (347) 880-2895
Email: peter@indicatemedia.com

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Red Cat (RCAT) announce about Black Widow orders on April 2, 2026?

Yes — a NATO ally selected Black Widow in March 2026, with deliveries scheduled in 2026. According to the company, the award came via a competitive tender facilitated by NSPA and covers systems each containing two aircraft and a ground control station.

When will Red Cat (RCAT) deliver the Black Widow systems ordered by a NATO ally?

Deliveries are scheduled during calendar year 2026, according to the company. The announcement specifies March 2026 selection and says systems will be delivered across 2026, but exact delivery dates and quantities were not disclosed.

What is included in each Black Widow system ordered by the NATO ally (RCAT)?

Each system includes two Black Widow aircraft, a ground control station, and mission-critical components. According to the company, the configuration supports tactical edge ISR with secure communications and modular scalability.

Is the Black Widow platform compliant with U.S. defense supply rules for the RCAT NATO order?

Yes — Black Widow is built in the U.S. and NDAA-compliant, according to the company. The announcement highlights U.S. supply-chain compliance as part of its suitability for NATO allies operating in contested environments.

How much revenue will the NATO ally order contribute to Red Cat (RCAT)?

Unknown — the company did not disclose order quantity or contract value. According to the company, systems and delivery timing are specified, but financial terms and revenue impact were not provided in the announcement.