Red Cat's Teal Drones Advances to Gauntlet II Round

Red Cat Holdings Inc (RCAT) said Thursday its subsidiary Teal Drones has advanced to Gauntlet II of the Drone Dominance Program, one of 19 companies invited to participate at Fort Carson, Colorado, in August 2026 following the Phase 2 Qualifier. The Phase 2 Qualifier was held at Camp Grayling, Michigan, where 49 companies competed and approximately 79 drones were tested across long-range strike and tactical assault in close-quarters mission areas, the company said. Price: $10.39, Change: $-0.17, Percent Change: -1.56%