Red Cat Holdings Inc is trading 7.5% up at $12.02 after unveiling its new Hellcat small unmanned aircraft system (sUAS) at the Eurosatory 2026 defense exhibition.
- The Hellcat is a dual-use drone built on the company's existing Black Widow platform and was showcased directly to defense buyers at the event.
- The stock's gains are supported by a broader rally in U.S. equities driven by improved risk appetite and a shift toward risk-on sentiment in the defense and tech sectors.
- Market optimism is further bolstered by signs of geopolitical easing, which has encouraged investors to move back into growth-oriented defense names.