Red Cat Receives $2.49 Million US Air Force Order for Black Widow Systems

AWARD SUPPORTS TECHNICAL AND OPERATIONAL ASSESSMENT OF BLACK WIDOW AS A POTENTIAL SUCCESSOR TO THE AIR FORCE SECURITY FORCES’ CURRENT TEAL 2 FLEETSALT LAKE CITY, July 30, 2026 — Red Cat Holdings, Inc. (Nasdaq: RCAT) (“Red Cat” or the “Company”), a U.S.-based provider of advanced all-domain drone and robotic solutions for defense and national security, today announced that its Teal Drones subsidiary has received a $2.49 million firm-fixed-price contract from the U.S. Air Force for Black Widow™ small unmanned aircraft systems, training and related support.

The award includes Black Widow systems, train-the-trainer support, batteries, spares and shipping. According to the contract, the equipment will be used to conduct a technical and operational assessment of Black Widow as a potential successor to the Air Force Security Forces’ current Teal 2 fleet.

The customer organization is the U.S. Air Force Security Forces Center (AFSFC), which trains, equips, and managed program execution for the Air Force Security Forces enterprise worldwide. This encompasses active-duty, Air National Guard, and Air Force Reserve Defenders. This technical and operational assessment positions Black Widow as a potential successor across the total AFSFC’s Teal 2 fleet, building on Red Cat’s momentum as the U.S. Army’s selected Short Range Reconnaissance platform.

“We are proud to support the U.S. Air Force across active-duty, Air National Guard, and reservists, as the AFSFC evaluates Black Widow for missions at the tactical edge,” said Jeff Thompson, CEO of Red Cat. “This assessment of the Black Widow reflects growing recognition across the Department of War that secure, American-made systems are essential for the operations our national defense and security organizations carry out every day.”

Black Widow is Red Cat’s flagship short-range reconnaissance system and the U.S. Army’s selected platform for its Short Range Reconnaissance Program. The system is designed to provide warfighters with rapidly deployable intelligence, surveillance and reconnaissance capabilities.

The contract calls for delivery by August 24, 2026.