Red Cat closes acquisition of FlightWave Aerospace Systems
Evidence notes
- Red Cat closed its acquisition of FlightWave Aerospace Systems.
- The acquisition brought the Edge 130 Blue VTOL tricopter into Red Cat's family of portable unmanned reconnaissance and precision-strike systems.
- Red Cat said it would begin ramping Edge 130 manufacturing during the quarter.
Company context
Red Cat is a drone technology company focused on small unmanned aircraft systems for defence, public safety and government users. Its portfolio includes tactical drone platforms and related unmanned systems businesses.