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Red Cat Shares Surge 40% After Military Contract, Expanded AI Partnership

By MarketWatch   |   Nov 20, 2024 at 02:59 PM EST
Red Cat Shares Surge 40% After Military Contract, Expanded AI Partnership

Red Cat Holdings' stock surged 40% to $6.64 following a U.S. Army drone contract and expanded partnership with Palladyne AI. Teal Drones will supply surveillance drones for the army, integrating Palladyne's AI software.

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