Red Cat Holdings Inc. (NASDAQ: RCAT) is a defense-focused drone technology company integrating robotic hardware and software to deliver multi-domain unmanned systems for military, government, and commercial customers. Through its wholly owned subsidiaries, Teal Drones and FlightWave Aerospace, the company has developed a comprehensive Family of Systems—offering mission-critical solutions across air, land, and maritime domains.
Red Cat’s platforms are engineered to meet the demands of modern combat environments with rugged, modular, and cyber-secure systems that enhance situational awareness and operational effectiveness. Its lineup includes short-range reconnaissance aircraft, FPV strike drones, fixed-wing VTOL platforms, and a new class of unmanned surface vessels (USVs) for kinetic maritime operations—all designed and built in the United States to Department of Defense specifications.
Rooted in innovation and a deep commitment to service members, Red Cat is expanding through strategic partnerships, advanced AI integrations, and a focus on scale.
The company is headquartered in San Juan, Puerto Rico.
Products
Red Cat’s Family of Systems features a portfolio of unmanned platforms and control solutions built to operate in contested, multi-domain environments:
Aerial Platforms
Maritime Systems
Command & Control
Market Opportunity
Red Cat is positioned at the center of the U.S. defense sector’s growing demand for affordable, autonomous systems that can operate across multiple domains. The Pentagon’s Replicator Initiative—a high-priority program aimed at deploying thousands of attritable drones within 18 to 24 months—directly aligns with Red Cat’s product strategy.
The company is actively fulfilling contracts under the U.S. Army’s SRR Program of Record, with a potential procurement target of 12,000 drones. Additional growth is driven by orders from U.S. Customs and Border Protection, participation in NATO procurement programs, and new international expansion into Latin America, the Middle East, and Asia-Pacific regions.
With a projected revenue range of $80 million to $120 million for calendar year 2025, Red Cat is scaling production through its ESAero partnership and transforming its supply chain via Palantir’s Warp Speed AI platform. Pending legislative bans on Chinese drone imports are expected to further accelerate Red Cat’s domestic market opportunity.
Leadership Team
Jeff Thompson, Chief Executive Officer, is a serial tech entrepreneur who has led companies from startup to IPO. He founded EdgeNet, a private ISP later sold to Citadel Broadcasting, and co-founded Towerstream, a wireless service provider that went public in 2007. In 2018, he launched Red Cat to deliver cutting-edge drone and autonomous systems for defense applications, steering the company through product development, strategic acquisitions, and military-grade manufacturing scale-up.
Geoff Hitchcock, Chief Revenue Officer, is a 22-year veteran of USAF Special Operations and a graduate of Embry-Riddle Aeronautical University. He previously served as Director of Flight Operations and Director of International Business Development at AeroVironment and later led U.S. government and international growth at Vantage Robotics. After scaling production of Black Widow™ as GM of Teal Drones, he was named CRO to oversee Red Cat’s global revenue strategy.
Chris Ericson, Chief Financial Officer, is a Certified Public Accountant with a Master of Accountancy from Brigham Young University. He previously served as Head of Finance and Accounting at Western Steel Buildings and spent 11 years at PwC. At Nu Skin Enterprises, he held senior roles including Chief Audit Executive and VP of Business Development. He now leads Red Cat’s financial operations, reporting, and strategic planning.