MARKET WIRE NEWS

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

MWN-AI** Summary

Red Cat Holdings, Inc. (Nasdaq: RCAT), a U.S. company specializing in advanced drone and robotic solutions for defense, has secured new orders for its flagship Black Widow™ small unmanned aircraft system (sUAS) from a NATO ally. This development, announced on April 2, 2026, comes in response to a competitive tender facilitated by the NATO Support and Procurement Agency (NSPA). The contract, which involves an undisclosed number of Black Widow systems, includes essential components such as two drones and a ground control station, with delivery planned for the calendar year 2026.

CEO Jeff Thompson emphasized that this contract epitomizes a broader trend toward agile procurement and deployment of military systems. He remarked that NATO allies require platforms capable of immediate deployment in contested environments, built on secure U.S. supply chains, and scalable for large-scale operations. The Black Widow™ is specifically designed to meet these needs, delivering reliable intelligence, surveillance, and reconnaissance (ISR) capabilities at the tactical edge, where speed and electronic warfare resilience are vital.

Manufactured in the U.S. and compliant with the National Defense Authorization Act (NDAA), the Black Widow™ serves as a key component of Red Cat’s Family of Systems, offering modular and scalable solutions across various operational domains. Through its subsidiaries like Teal Drones and FlightWave Aerospace, Red Cat is advancing military and public safety operations across air, land, and sea. In addition, the company is expanding its capabilities into the maritime domain with Blue Ops, Inc., focusing on uncrewed surface vessels (USVs) to enhance multi-domain mission effectiveness.

MWN-AI** Analysis

Red Cat Holdings, Inc. (NASDAQ: RCAT) has secured significant new orders for its Black Widow™ small unmanned aircraft systems (sUAS) from a NATO ally, marking an important milestone for the company and reinforcing its position in the defense and national security market. This contract not only highlights the growing demand for advanced drone technology but also reflects a broader trend among NATO countries that prioritize rapid procurement and deployment capabilities in contested environments.

Given these developments, investors should consider the potential implications for Red Cat's stock. The Black Widow™ systems, aligned with the National Defense Authorization Act, provide tactical edge ISR (Intelligence, Surveillance, and Reconnaissance) capabilities, addressing urgent military needs. This positioning is likely to catalyze further contracts from additional NATO allies and bolster Red Cat's visibility in a competitive landscape.

Financially, this contract could enhance their revenue streams and drive profitability, particularly if production scales up in response to heightened international defense expenditures. With defense budgets in NATO countries expected to rise, a focus on U.S.-sourced and compliant military technology will potentially benefit Red Cat, making it a strong candidate for sustained growth.

However, investors should remain aware of risks characterized by reliance on government contracts, uncertain future demand, and production capacities, as highlighted in their recent risk factors report. As Red Cat continues to innovate, particularly with plans to expand into maritime domains through USVs (uncrewed surface vessels), market participants should monitor how these strategic moves contribute to shareholder value.

In conclusion, Red Cat Holdings, Inc.’s new orders could provide a catalyst for stock appreciation. Given the anticipated increase in defense spending and the company's capabilities, now may be an opportune time to consider RCAT as a long-term investment in the burgeoning defense technology sector.

**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.

Source: GlobeNewswire

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**

How does Red Cat Holdings Inc. (RCAT) plan to leverage its recent NATO contract for the Black Widow sUAS to expand its market presence in defense and national security?

Red Cat Holdings Inc. (RCAT) aims to leverage its NATO contract for the Black Widow sUAS by enhancing its credibility in the defense sector, driving innovations in drone technology, and seeking further contracts with military and national security agencies to expand its market presence.

What strategies is Red Cat Holdings Inc. (RCAT) employing to ensure the scalability and production reliability of its Black Widow systems for upcoming NATO deployments?

Red Cat Holdings Inc. (RCAT) is implementing advanced manufacturing processes, enhancing supply chain management, and investing in robust R&D to ensure the scalability and production reliability of its Black Widow systems for NATO deployments.

In what ways does Red Cat Holdings Inc. (RCAT) aim to differentiate its Black Widow sUAS in a competitive defense marketplace focused on electronic warfare resilience?

Red Cat Holdings Inc. (RCAT) aims to differentiate its Black Widow sUAS by emphasizing advanced electronic warfare capabilities, robust resilience against jamming, superior adaptability for various missions, and integration with existing defense systems to enhance operational effectiveness.

How is Red Cat Holdings Inc. (RCAT) addressing potential risks and uncertainties associated with its forward-looking statements in relation to the recent contract announcements?

Red Cat Holdings Inc. (RCAT) is mitigating potential risks and uncertainties related to its forward-looking statements regarding recent contract announcements by employing comprehensive risk assessments and transparent communication strategies to ensure stakeholders are informed.

**MWN-AI FAQ is based on asking OpenAI questions about Red Cat Holdings Inc. (NASDAQ: RCAT).

Red Cat Holdings Inc.

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