Unusual Machines (UMAC) stock rose after securing orders from Red Cat Holdings (RCAT) for drone motors, marking UMAC’s first partnership to develop motors for a U.S. drone producer. These motors will support Red Cat’s government and commercial drone platforms, with production starting by March in a partnered facility as UMAC’s U.S. manufacturing plant develops. The deal comes amid tightened U.S. restrictions on Chinese drone technology and follows UMAC’s recent acquisition of Aloft Technologies.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Unusual Machines Stock In Spotlight After Orders From Red Cat Holdings: Retail Cheers The Deal
Unusual Machines (UMAC) stock rose after securing orders from Red Cat Holdings (RCAT) for drone motors, marking UMAC’s first partnership to develop motors for a U.S. drone producer. These motors will support Red Cat’s government and commercial drone platforms, with production starting by March in a partnered facility as UMAC’s U.S. manufacturing plant develops. The deal comes amid tightened U.S. restrictions on Chinese drone technology and follows UMAC’s recent acquisition of Aloft Technologies.