Red Cat Inks Agreement to Acquire Drone Manufacturer Flightwave Aerospace Systems

Drone technology provider Red Cat Holdings (Nasdaq: RCAT) has signed a letter of intent to acquire FlightWave Aerospace Systems to expand its portfolio of unmanned aerial system offerings for intelligence, surveillance and reconnaissance operations. FlightWave will bring its Edge 130 Blue military-grade tricopter for long-range inspection, mapping, surveillance and reconnaissance to expand Red Cat’s line

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