drones US Border PatrolRed Cat Holdings Subsidiary Teal Drones Awarded $1M+ Contract from U.S. Border Patrol

UAV ETFRed Cat Holdings [NASDAQ:RCAT]  is held in the AdvisorShares Drone Technology ETF [NYSE ARCA:UAV], the only ETF dedicated to the drone economy. For complete list of holdings click here.  The AdvisorShares Drone Technology ETF is a thematic investment strategy seeking to capture the growth opportunities in drones and autonomous vehicles (AV).  AdvisorShares is a DRONELIFE sponsor.

by DRONELIFE Staff Writer Ian M. Crosby

Today, drone-based product and solution provider Red Cat Holdings announced that U.S. Customs and Border Protection has awarded Red Cat subsidiary Teal Drones a $1,046,806 contract to provide Teal’s Golden Eagle drones to U.S. Border Patrol.

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This new contract is part of a Blanket Purchase Agreement (BPA) between U.S. Customs and Border Protection and five drone companies announced last December. The BPA has a total estimated…


Source: dronelife.com