Lia Holmgren: Red Cat selected for U.S. drone dominance program, misses first bulk contract

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Lia Holmgren: Red Cat selected for U.S. drone dominance program, misses first bulk contract — Red Cat selected in U.S. drone program

Lia Holmgren reports that Red Cat, trading as RCAT, is currently at a strong support level. The company has been explicitly selected to compete in the U.S. Department of Defense’s Drone Dominance Program. In Phase I of the program, known as the Gauntlet trials, Red Cat was a top finalist but did not secure a spot among the initial 11 companies awarded the first major bulk-order contract.

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Holmgren has previously flagged stock-specific risks in other sectors. She cautioned that SPCX shares trade with limited liquidity. She also observed that XLV was testing resistance while SPY held support in recent market sessions. These observations come alongside her current coverage of Red Cat’s position in the Drone Dominance Program.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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