Red Cat Holdings

RCAT

Market cap $2.28B

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AVENTURA, Fla., June 02, 2026 (GLOBE NEWSWIRE) -- Safe Pro Group Inc. (Nasdaq: SPAI) (“Safe Pro” or the “Company”), a developer of artificial intelligence (AI)-enabled defense, security, and situational awareness solutions, announced today that it has received a U.S. Army order for a Threat Analysis “Kit”.

Steve Eisman said on a recent podcast: “I'm sort of bewildered, given that there's a war going on, why people would be selling defense stocks.

Red Cat Holdings is positioned to benefit from surging US and allied drone defense spending, with a Buy rating and $20.66/share price target. RCAT's integrated drone ecosystem, bolstered by recent acquisitions, targets both reconnaissance and attack missions, aligning with Pentagon priorities and NATO deployments. The company is accelerating production, aiming for $221 million worth of USV to cater to potential demand.

Drone stocks erupted higher yesterday after reports surfaced that the Trump administration is considering directing government funding toward domestic drone manufacturers.

Defense drone stocks are surging at midday Thursday after a Wall Street Journal and CNBC report indicated the Pentagon is in talks with drone manufacturers about funding deals that could include direct federal equity stakes.

SALT LAKE CITY, May 28, 2026 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc.  (Nasdaq: RCAT) (“Red Cat” or the “Company”), a U.S.-based provider of advanced all-domain drone and robotic solutions for defense and national security, today announced that its maritime division, Blue Ops, is ramping into full-rate production of the Variant 7 (V7) uncrewed surface vessel (“USV”), a maritime autonomy platform designed, built and assembled in the United States for U.S. and allied defense missions.

President Donald Trump‘s administration has made a habit of taking equity stakes in American industries it deems strategically critical — Intel Corp. (NASDAQ:INTC), rare earth mining companies like MP Materials (NYSE:MP) and others have already seen the government show up as a part-owner rather than just a customer.

Red Cat Holdings Inc (NASDAQ:RCAT) shares are trading higher Thursday morning amid a sector-wide rally has been ignited by reports that the Trump administration is exploring Pentagon funding packages, including loans and equity stakes, for drone firms.

Red Cat Holdings Inc (NASDAQ:RCAT) stock is up 22.4% to trade at 12.97% this morning, after a Wall Street Journal report indicated the Trump administration  was in talks to fund U.S. drone companies.