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Red Cat shares rise as company launches Hellcat small unmanned aircraft system

Market News
15 Jun 2026
Lekha Gupta
View Source
Bullish
pluang ai news

Red Cat Holdings shares increased by 4.83% in premarket trading following the launch of Hellcat, a new small unmanned aircraft system designed for versatile mission needs. Built on a modular platform, Hellcat supports customizable command, payloads, and software to meet diverse government and coalition requirements. The launch coincides with Eurosatory 2026, attracting defense buyers interested in advanced small UAS capabilities. Analysts maintain a Buy rating with an average price target of $21.25, anticipating growth ahead of the company's August earnings report.

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