Red Cat’s Teal Drones gets $1.2M more in US Army bid funding

Defense and security UAV specialist group Red Cat Holdings says its cutting-edge Teal Drones affiliate has obtained a further $1.2 million to develop a new, portable UAV as standard issue equipment for soldiers, under the US Army’s Short Range Reconnaissance (SRR) program.

Red Cat announced the development Wednesday, saying the new funding extension had increased Teal’s total to $2.7 million under the program. At the same time, the military tech group said the US Army’s initial plans to continue its SRR program with a future third round of competition has been scaled back.

Read: US Army asks Blue sUAS suppliers to create small drone munition-dropping capabilities

Instead, Red Cat noted, Teal and two other drone companies participating in the SRR’s current Tranche 2 activities will continue development of specialized portable military drones as de facto finalists. More than one UAV may be selected in the US Army’s final…