Red Cat Holdings’ maritime division, Blue Ops, is launching full-rate production of its Variant 7 uncrewed surface vessel (USV). This defense-focused drone aligns with increased U.S. government investment in autonomous maritime technology.
Shares of RCAT soared approximately 40% on Thursday. This rally represents the stock's largest single-day gain in more than four years.
A broader sector rally fueled the gains following reports that the U.S. government is considering direct financial support for domestic drone manufacturers.