Red Cat Holdings, Inc. (Nasdaq: RCAT), a supplier of highly sophisticated and complex SUAS products to militaries around the world, today announced that its subsidiary Teal Drones has been awarded a $1,046,806 contract by of U.S. Customs and Border Protection to deliver Teal’s high performance. Golden Eagle drones at the US Border Patrol.
The award is part of a package purchase agreement (BPA) between U.S. Customs and Border Protection and five drone companies, announced in December 2021, that has an estimated total value of $90 million over a period of five years. All drones covered by the BPA are on the exclusive “Blue UAS” list of drones approved for purchase by the Department of Defense.
The drones will provide additional airborne reconnaissance, surveillance and tracking capability to improve situational awareness for commanders and field officers in areas without traditional nearby surveillance systems or manned air support available.
“As the market leader in military-grade drones, and especially night-specific drones, we look forward to providing Teal’s Golden Eagle product to government personnel charged with protecting the American people and protecting our borders,” said Jeff, CEO of Red Cat. Thompson. “Because Red Cat has invested in a large, new manufacturing facility for Teal in Salt Lake City, we are confident in our ability to meet the on-time delivery of this large order, as well as future orders we anticipate under of this BPA with US Customs and Border Protection.”
The base purchase contract of over $1 million awarded to Red Cat covers the supply of Teal’s Golden Eagle drone, along with batteries and chargers, propellers, gimbal-mounted cameras, carrying cases and operator training sessions, including “train the trainer” sessions.
About Red Cat Holdings, Inc.
Red Cat provides drone-based products, services and solutions through its four subsidiaries and serves the enterprise, military and consumer markets. Teal Drones is a leader in unmanned aircraft systems (UAS), and its Golden Eagle is one of five drones approved by the Department of Defense for reconnaissance, public safety and inspection applications. Skyspersonic’s technology enables drones to perform inspection services in locations where GPS is unavailable, while recording and transmitting data even when operating thousands of miles away. Fat Shark is a leading provider of First Person View (FPV) video goggles. Rotor Riot, LLC is a reseller of drones and FPV equipment, primarily aimed at the consumer market. Learn more at https://www.redcatholdings.com.