RCAT is trading 5% up at $9.75 as investors react to its subsidiary, Teal Drones, being named a finalist for the Pentagon’s $1.1 billion Drone Dominance Program.
- The program aims to provide low-cost U.S. military drones, positioning the company for significant long-term defense revenue.
- Analysts have recently issued Buy initiations, highlighting strong growth potential and high revenue expectations tied to expanding domestic defense demand.